If you are not Spaniard and you need to open a bank account in Spain, this is the blog you should read.
Spanish Bank Account
When purchasing a property in Spain or working in Spain, you will need to make and receive payments of various bills and invoices, so you will need to open a bank account in Spain.
WHAT DO YOU NEED TO OPEN A BANK ACCOUNT?
These are the requirements to open a bank account:
1.- Copy of your passport or National Identification Card.
In order to open a bank account, the branch of the bank will need the original and a copy of your passport or national identification card.
2.- NIE Certificate
When opening a bank account, overseas buyers need to obtain a NIE certificate. This is a fiscal number for non-residents. As part of our service we include applying for NIE certificates for all individuals on the bank account opening.
3.- Financial documentation
It is not possible to open a bank account unless you provide financial documentation. Generally speaking, they ask for:
– last payslip
– P60 (annual tax)
The reason is that Banks need to know the origin of funds and if client has enough incomes and/or savings.
4.- TIN number.
It is completely necessary to provide your TIN number (Taxpayer´s Identification Number). It usually appears at your P60 or Tax Return.
IS IT NECESSARY TO VISIT THE BRANCH IN SPAIN TO OPEN THE ACCOUNT?
The answer is YES.
As per security reasons, banks do not allow solicitors to open accounts with Power of Attorney. It is mandatory for the client to visit the branch and sign the contract in person.
Reuters solicitors can assist you with your bank account in Spain by preparing the documentation, contact the bank, prepare the opening of the account, etc; however, the account will not be opened until you visit the branch and sign the contract.
If you need to open a bank account in Spain, do not hesitate to contact REUTERS SOLICITORS.