Banking in Spain

Whether you study or work in Spain, having a bank account is a must in order to pay rent and utilities, send and receive money, get internet for your flat, etc.

Luckily, opening a bank account is relatively easy and there are a variety of banks to choose from but most banks wouldn’t open a bank account for non-EU citizens without a NIE (numero idenificado extranjero: Foreigners’ Identification Number) , house contract or other documents. Opening a bank account in Spain can be a pain in the neck if you do not have the right papers or documents.

The whole process is still bureaucratic and you will have to make an appointment in advance in order to be able to open an account at some banks and branches. Luckily, there are 2 easy solution: Banco Sabadell or N26.

Sabadell Bank

Sabadell is the fourth largest bank in Spain and it offers a huge variety of bank accounts and services.

  • Open a bank account without a NIE or fees*
  • access to +100 branches in Barcelona
  • access to +100 ATMs in Barcelona
  • a fully functional mobile application
  • set up automatic recurring payments
  • Send and receive money at any branch or from the mobile app

* with the Studentfy card. Conditions apply.


N26 is the largest online bank in Europe with a headquarter in Germany. They offer hassle-free bank services

  • open an account in a few minutes*
  • 100% online process
  • 24/7 customer service
  • a free MasterCard as standard
  • a regular bank account number
  • complete transfer integration with TransferWire

* Conditions apply.

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