How to open a bank account for international students in Spain
If you're moving to Spain for your studies, one of the first steps we recommend is opening a local bank account. Having a student bank account in Spain will make everything easier: from paying rent or public transport passes to receiving transfers and managing your day-to-day expenses without international fees.
At Vanguard Student Housing, we understand that starting out in a new country can feel overwhelming, which is why we explain everything you need to know to open your Spanish student bank account hassle-free.
Why do you need a Spanish bank account as an international student?
Although today you can use online banks or international cards, having a Spanish bank account offers many advantages—especially if you’re staying for several months:
- Avoid foreign exchange fees and international transfer charges
- Set up direct debits for rent, public transport, or study platforms
- Easily receive grants, scholarships, or refunds
- Some official procedures (like applying for a NIE or certain visas) require a local account
What Do You Need to Open a Student Bank Account in Spain?
Requirements vary slightly by bank, but generally you’ll need the following:
1. Personal Documents
- Passport or national ID
- NIE (Foreigner Identification Number) or proof of application
- Proof of enrollment at a Spanish university or educational institution
- Certificate of residence (empadronamiento) – in some cases
- Spanish phone number and local address (you can use your housing address)
2. Proof of Funds (optional)
Some banks may ask for proof of financial means to support yourself during your stay, especially if you want a credit card or extra services.
Where Can You Open a Bank Account as an International Student?
You have two main options:
Traditional Banks
- Banks like Santander, CaixaBank, BBVA, Sabadell, or Bankinter offer student and youth accounts:
- Physical branches where you can ask questions and submit documents in person
- Benefits such as zero commissions, free debit cards, and services in English
- Often tailored to students with simple setup
Online Banks
- Digital banks like N26, Revolut, Wise, or Bunq allow you to open an account from your phone with fewer requirements:
- Very popular among international students for ease of use and low fees
- Intuitive apps and fast setup
- Some accounts are European but not Spanish (i.e., they don’t have an ES IBAN), which may be a problem if you need a locally domiciled account
Vanguard Tip: If you’ll be receiving scholarships or paying local services, choose a bank that provides a Spanish IBAN (ES) to avoid complications.
How Much Does a Bank Account Cost in Spain?
Many banks offer free or special student accounts:
- No opening or maintenance fees
- Debit card included
- Free domestic transfers
- Access to online banking and mobile apps
That said, always read the fine print and make sure the account is truly designed for students.
Can I Open My Account Before Arriving in Spain?
Some online banks let you open an account from your home country. However, for traditional banks—or to complete the process—you’ll likely need to be in Spain and present your documents in person or via video call.
In Summary
Opening a bank account for international students in Spain is a key step to settling in comfortably and independently. Whether you go for a traditional or digital bank, be sure to compare your options, understand the terms, and choose the one that best fits your lifestyle.
At Vanguard Student Housing, we support you through every step of your experience in Spain—from finding the right accommodation to answering essential questions like this one—so you can start this new chapter fully prepared.
