Where should I setup a bank account in Spain?
We asked expats in Spain what banks they use and there advice about banking. They advised...
"No, I opened an account with an internet bank. The banking fess for the expat-based banks were ridiculous," remarked another expat who made the move to Madrid, Spain.
"Before retiring in Spain, expats should research the cost of living in the area they plan to move to as this can vary greatly across the country. They should check if their pension or other income will be taxed in Spain and what the tax rate will be. It can be helpful to learn some basic Spanish, or the local language in the area, in order to get to know the local culture and better integrate into the community. Knowing about local healthcare, such as public or private insurance and private medical providers, may be beneficial. Expats should also make sure that they are familiar with their residence rights, visa restrictions and other legal requirements for living in Spain. Finally, deciding on where to live, considering factors like amenities, infrastructure, and climate, can be an important step in the retirement process," explained one expat living in Spain.
GeoBlueGet Quote
GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
GeoBlueGeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
Get Quote
Other Questions:
- What do I need to know before retiring in Spain?
- How do I meet people in Spain?
- What is life like in Spain?
- Is there a lot of crime in Spain?
- Is there a lot of diversity? Are people in Spain accepting of differences?
- What are the schools in Spain like?
- Is the cost of living in Spain high?
- What advice do you have for expats having a baby in Spain?
- What are healthcare services like in Spain?
- Is the cost of living in Spain high?
- What type of recreational facilities are in Spain?
- What is the weather like in Spain?
- Are there good restaurants in Spain?
- Where will I buy groceries and do other shopping in Spain?
- What are the visa & residency requirements in Spain?
- Are healthcare and health insurance expensive in Spain?
- What do I need to know when buying property in Spain?
- Are foreigners allowed to own property in Spain?
- What appliances are typically included in a rental?
Where should I setup a bank account in Spain?
If you live in Spain, newcomers to Spain would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
