As an expat trying to find your feet in Spain, it can be daunting trying to
understand how to go about opening a bank account.
This article aims to
provide you with a good basic understanding of how to open an account, which
documentation is required and...
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As an expat trying to find your feet in Spain, it can be daunting trying to
understand how to go about opening a bank account.
This article aims to
provide you with a good basic understanding of how to open an account, which
documentation is required and the kinds of facilities on offer by the major banks
in Spain.
When you live in Spain, as in
any other country, you will
need a bank account in order
to undertake everyday
transactions such as paying
bills, setting up standing orders
and transferring money.
But
which one will provide you with
the kind of services you have
been accustomed to in your
home country?
Well firstly, it s important that you understand that there are two different types
of banks, "Bancos" and "Cajas".
There are approximately 50 Bancos and 120
Cajas all over Spain.
But what is the difference between the two?
Cajas de Ahorros - are state owned, are an integral part of the "local
community" and often invest in local social projects.
They generally bear the
na
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