Opening a bank account in Spain without being a resident is possible. If you live abroad and you need a way to manage your money in Spain, you can now do that easily with the Banco Sabadell Key Account. This is a bank account created exclusively for international clients that want to use their money in the country, even if they are not Spanish residents.
Who is eligible to open this bank account? And how does this account for non-residents work?
Who is eligible to open a bank account in Spain without being a resident?
Anyone living outside of Spain but needing to manage their finances in the country can open a Key Account. The only requirements are being of legal age, having a valid identity document and not appearing on any default payment list.
You need the following documentation to open a bank account in Spain without being a resident:
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European Union (EU) residents. If you are an EU resident, you can open a bank account in Spain using only the identity document from your country of origin or your passport.
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Non-EU residents. If you don’t live in any EU country, you need your passport to open a bank account in Spain.
Opening your Banco Sabadell Key Account is simple. You just need to fill in the application form to open your bank account. After that, a bank manager that speaks your language will contact you to get all your details, help you set up your account in a personalised way, sign the agreement and enable you to use your new Key Account.
Benefits of having a bank account in Spain
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Debit and credit cards. With the Banco Sabadell Key Account, you can have your first debit card and credit card without issuance or maintenance fees so you can carry out transactions in the country. Moreover, after you are done setting up your cards in the bank app, you will be able to use them and pay for your purchases without needing to use the physical cards.
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Translation service. When opening this bank account, you will have a personalised customer service by a bank manager that speaks your language. Moreover, the Key Account includes an exclusive and free-of-charge translation service (10 texts of up to 500 words per year) that will help you save time.
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Bank transfers. You can make your bank transfers online (non-immediate bank transfers) in Spain and in countries from the European Economic Area (EEA) without any fees (up to €20,000). You can also receive bank transfers from other EEA countries in euros, Romanian leus, Swedish kronor and Norwegian kroner. Likewise, you can receive money from non-EEA countries free of charge in those same currencies up to a maximum of €50,000.
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Free money withdrawals. Debit withdrawals are free of charge for any amount at Banco Sabadell ATMs. For debit transactions of €60 or more at ATMs of the main banks belonging to the EURO 6000 network: Abanca, Ibercaja, Kutxabank, Unicaja Bank, Liberbank, CajaSur, Caixa Ontinyent and Colonya Caixa Pollença.
- Digital banking. With Banco Sabadell Key Account you can transact on the bank’s app.
Bank services for non-residents in Spain
Is it possible to send money from my foreign account to my bank account in euros? The answer is Yes. With the Banco Sabadell Card Transfer service you can now send your money immediately from your other bank to your account in euros in Banco Sabadell using the bank’s app. To do this, all you need is the other bank’s card and access to your account. This is a fast and flexible service (you can use it from the bank app or via the website) and that you can use whenever you need it. This operation is only valid for cards issued in EU countries, Iceland, Norway and UK (except Croatia, Luxembourg, Malta and Cyprus).
If you still have doubts about opening an account at Banco Sabadell without being a Spanish resident, you can always contact a bank manager via the bank website. The manager will help you in this process and will dispel any doubts you may have.
Picture by Christin Hume in Unsplash