Are you moving to Spain soon? Have you thought about managing your finances? If not, don't worry! Glex has got you covered. In this guide, we'll provide you with all the information you need to open a bank account as a young person in Spain.

Required Documents

Before opening a bank account in Spain, you need to make sure you have the necessary documents. First, you'll need your NIE (Foreigner Identification Number) and a document proving that you're a student, such as a letter of admission to a university. If you plan to stay in Spain for more than six months, you qualify as a Spanish resident for the period of your studies and won't need any additional documents. But if you're staying for a shorter period, you'll need a Non-Resident Certificate, which can be processed online.

Bank Account Options

Now that you have your documents, it's time to choose a bank account. Here are some options designed specifically for young students:

1. BBVA account for young people: This account has no fees or obligations, and offers free ISIC student card for 12 months for customers from 18 to 29 years old, which has different discounts.
2. Cuenta Joven Santander: This account is for young people between 18 and 31 years old, and offers no commissions or debit card fees.
3. Cuenta Joven Clara Abanca: This account is for people up to 35 years old and offers no commissions and a free debit card.
4. Sabadell: This account has no administration or maintenance fees for the first six months, and there are no salary or bill requirements.

Fees and Tips

When opening a bank account, it's important to consider that you may have to pay some fees, such as account maintenance or cash withdrawal fees. You also cannot open a bank account from your home country, so it's essential to do it upon arrival in Spain. Additionally, try to exchange currencies in bank offices and exchange offices to avoid fraud, and remember that many universities have branches of several banks.

Conclusion: With all this information, you're now ready to manage your finances like an expert in Spain. At Glex, we're always here to provide you with the best advice. Contact us to learn more!