Opening a bank account

FEEDUC

OPENING A BANK ACCOUNTWHILE STUDYING IN SPAIN, YOU'LL NEED A BANK ACCOUNT

If you're a citizen of a European Union country, you don't need to have a bank account in Spain to pay for your university.

On the other hand, a student in Spain must always have a bank account in Spain in order to :

  • Take out an Internet or cell phone contract
  • Take out a water, gas or electricity contract
  • Be eligible for a monthly membership (e.g. sports club with monthly payments)

A student in Spain may sometimes be required to have a bank account in Spain for :

  • Renting an apartment
  • Taking out insurance

FEEduc always advises students in Spain to open a bank account to make their day-to-day life easier. Most banks charge very low account-keeping fees for students.

 

PLEASE NOTE: If you are not Spanish and do not reside in Spain, you will not be able to obtain a student loan to finance your studies in Spain. To take out a student loan to study in Spain, you'll need to contact a bank in your home country.

To finalize your registration in some universities, this bank account will even be mandatory for certain payment methods.

For example, if you choose to pay for your studies in Spain on a monthly basis, some universities will charge your tuition to a bank account in Spain.

Your registration will only be finalized when you are able to provide a Spanish bank account number.

6 IMPORTANT INFORMATION FOR A STUDENT IN SPAIN
  1. Some information about banks in Spain?
  • Banks are generally open to the public from 8:30 a.m. to 2:30 p.m. Monday through Friday.
  • It is not necessary to make an appointment with a counselor in advance.
  • Checks are not used in Spain, very few businesses accept them, it is not a secure payment and their processing is long and very expensive.
  • Cash withdrawals are subject to a fee if you make a withdrawal from an ATM belonging to a network other than the one recommended by your bank.

Ask about your bank's network (4B Telebanco, Servired, EURO 6000).

 

  1. What documents are required to open a bank account in Spain?
  • Your identity card
  • Your NIE / TIE (for non-European students)
  • Proof of income (salary slip or last tax notice).
  • A proof of address.

 

Attention: Not all bank branches accept to open accounts for non tax residents in Spain.

 

  1. What are the costs for opening a bank account?

The costs can be very different from one bank to another.

Before anything else, find out about the various commissions, account management fees, bank card fees, transfer prices, etc.

For non-EU nationals, check with your bank to find out how to open a bank account.

 

  1. Where to open an account as a French student in Spain?

TARGOBANK - TOMAMOS IMPULSO is the Spanish brand of the AXA Group, a leader in the European financial market.

 


 

  1. What advantages does Targobank - Tomamos Impulso offer?

 

  • An online bank account for all your transactions
  • Free transfers between the European Union and Spain
  • English- and French-speaking advisors at your service
  • No obligation to deposit salary each month to open an account in Spain
  • Financing solutions for your property purchase anywhere in Spain with fixed or variable rate loans
  • At TARGOBANK - Tomamos Impulso, you have access to 3,800 ATMs throughout Spain. The list is available here.

 

As a TARGOBANK - Tomamos Impulso customer, you'll have the security and reliability you need to carry out all your transactions.

 

  1. How to contact TargoBank?

For French-speaking customers in Spain, TARGOBANK offers a complete range of services available throughout Spain.

This agency, which offers a service entirely in French, efficiently completes the TARGOBANK network, and is available online from Monday to Thursday from 8:30 am to 6:30 pm and on Friday from 8:30 am to 2 pm.

 

 

I contact TargoBank

 

 

 

 

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