Banking & Money Transfers for Spain Non-Lucrative Visa

Spanish Bank Account

To open a Spanish bank account, you typically need your NIE number, passport, and proof of address (empadronamiento). The main options are:

• CaixaBank — The largest retail bank in Spain by assets (especially since its 2021 merger with Bankia); strong digital banking and wide ATM network
• Santander — One of Spain’s largest banks; wide branch network and international reach
• BBVA — Another major Spanish bank; extensive branch network, decent English-language support

Most traditional Spanish banks charge monthly maintenance fees (3-10 EUR) unless you meet minimum direct debit or balance requirements.

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International Transfer Services

For moving money between your home country and Spain, traditional bank wire transfers are expensive (high fees + poor exchange rates). Instead, expats overwhelmingly use:

• Wise (formerly TransferWise) — The most popular choice. Uses the real mid-market exchange rate with transparent, low fees. You can also get a multi-currency debit card.
• Revolut — All-in-one banking app with great exchange rates on weekdays. Popular for daily spending in Spain.
• N26 — German online bank available in Spain. Can be opened with just an NIE, no Spanish address required initially.

Recommended Setup

Most expats end up with a three-account setup: a traditional Spanish bank for direct debits and local payments, Wise for international transfers and the best exchange rates, and Revolut or N26 for daily card spending.

Set Up Your Banking

Disclaimer: general information only — not legal, tax or immigration advice. Requirements change and vary by consulate; verify with your consulate or a qualified professional before acting.