We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Need to open a bank account in Spain
zippygeorgeandben
Posts: 1,273 Forumite
Dear All,
I am moving to Spain and starting a job in August.
Do you have any recommendations for which bank to choose or any other tips/information.
I was going to go out in May and see about opening an account then, but I imagine I would need POA etc?
I am moving to Spain and starting a job in August.
Do you have any recommendations for which bank to choose or any other tips/information.
I was going to go out in May and see about opening an account then, but I imagine I would need POA etc?
Savings as of April 2023 Savings account - £26460.50(14474.88)Current account - £2140.24(4576.79)Total - £28600.74(19051.67) £1010 (£65pm CS/BS) £250 CS/BS/JS
0
Comments
-
Check articles like these:
https://rightcasa.com/which-is-the-best-bank-in-the-uk-for-britons-living-in-spain/ ?
https://www.thelocal.es/20220728/ask-the-expert-what-are-the-best-uk-banks-for-brits-in-spain ?
Not sure what you mean by POA - if it is Power of Attorney, that would be for another person. So no, you would not need POA if you want to open an account for yourself.1 -
There's red tape involved in opening a Spanish bank account as a foreigner, probably you need your registration code (I forget the name, you'll need it anyway), and residential address proof. Check the expat forums.
Evolution, not revolution1 -
Sorry i meant POA as proof of addressSavings as of April 2023 Savings account - £26460.50(14474.88)Current account - £2140.24(4576.79)Total - £28600.74(19051.67) £1010 (£65pm CS/BS) £250 CS/BS/JS0
-
You need to register for a tax code, there are two types, one for resident and one for no resident you may want to wait to have the residency status and use the right one.0
-
You would be better off not opening a Spanish bank account in my opinion.
Unless you like paying extremely high bank charges.
You would be far better opening a Wise.com euro account & having your wages paid into that then converting the euro's to GBP as & when necessary.
( If you are moving to Spain permanently & obtaining Residencia then things will need to be done differently. )
To open any Spanish bank account you will need an NIE Number, you will probably also need it to work there.
NIE number explanation below.
https://www.exteriores.gob.es/Consulados/Manchester/en/ServiciosConsulares/Paginas/Consular/NIE.aspx#:~:text=The NIE is a personal,require identification in this country.
0 -
Thanks greyteam - I am moving permantely and obtaining residency.Savings as of April 2023 Savings account - £26460.50(14474.88)Current account - £2140.24(4576.79)Total - £28600.74(19051.67) £1010 (£65pm CS/BS) £250 CS/BS/JS0
Categories
- All Categories
- 345.6K Banking & Borrowing
- 251K Reduce Debt & Boost Income
- 450.9K Spending & Discounts
- 237.6K Work, Benefits & Business
- 612.3K Mortgages, Homes & Bills
- 174.2K Life & Family
- 250.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards