Do I need a bank account in Spain?
If you own a property in Spain, a Spanish bank account is essential to make mortgage payments and pay bills by direct debit. You will also be given a debit card which you can use when shopping accompanied by a form of photographic idea, usually your passport or driving license if you are not resident. When shopping, you can use your UK debit and credit cards, again with ID and you will be subject to exchange rates.
But I cant speak Spanish?
This isnt usually a problem particularly along the Coasts where all banks employ English speaking staff.
What do I need to open an account?
To open a basic account (cuenta corriente) as a non-resident you must present your current passport. The paperwork is done quickly
What types of banks are there?
There are two types of banks in Spain: saving banks (Caja de Ahorros) and regular banks.
What will I be charged for?
Unfortunately, it seems like there are charges for everything from cashing cheques to receiving money from a UK account and there is also an annual maintenance charge.
How does the direct debit system work in...
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