Is MultiPass available for business in Spain?

Availability

MultiPass for business in Spain: Available

Key eligibility: A business incorporated in Spain that passes onboarding checks on the company and its owners. MultiPass serves companies incorporated across the United Kingdom and the European Economic Area, with Spain on its supported list.
Non resident position: MultiPass states a Spain business can open an account to operate with or without local presence. Ownership and activity are reviewed at onboarding, so confirm your case with the provider.
Local currency support: A multicurrency account holding EUR, GBP, USD and 70 plus currencies, with a dedicated IBAN and SEPA and SEPA Instant for euro payments. Note the IBAN is issued in the United Kingdom rather than as a Spanish IBAN.
Headline monthly fee: An account opening fee from 500 GBP and account maintenance from 100 GBP per month, with IBAN and local United Kingdom and United States details issued free. Pricing varies by case.

Availability and fees as of 23 December 2025Last reviewed 23 December 2025

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Available. MultiPass, a United Kingdom electronic money institution, opens multicurrency business accounts for companies incorporated in Spain, with euro held through a dedicated IBAN reachable on SEPA. As of 23 December 2025, fees are higher than a typical neobank, so check the pricing for your case.

Does MultiPass serve business customers in Spain?

MultiPass is a United Kingdom electronic money institution that provides multicurrency business accounts aimed at companies that trade internationally. It serves companies incorporated across the United Kingdom and the European Economic Area, and it lists Spain among supported countries with a dedicated page for opening a business account to operate in Spain with or without local presence. A company incorporated in Spain can therefore apply, hold EUR alongside other currencies and send and receive euro through SEPA. Because MultiPass is an electronic money institution, balances are held as electronic money and are not covered by deposit guarantee schemes. As of 23 December 2025.

Eligibility for businesses in Spain

MultiPass onboards companies incorporated in Spain that pass checks on the business, its directors and its ultimate beneficial owners. You provide incorporation documents, identification for the owners and information on your expected activity, and some industries are outside its risk appetite. Approval is decided case by case. As of 23 December 2025. Verify with the provider

What it costs locally

MultiPass publishes an account opening fee from 500 GBP and account maintenance from 100 GBP per month, with the IBAN and local United Kingdom and United States account details issued free. Receiving euro like a local is priced from 2 EUR and local payouts from 10 EUR, and currency conversion carries an FX margin. Pricing varies by case, so confirm the schedule for your business with the provider. As of 23 December 2025

What local users report

MultiPass is used mainly by import and export firms, online sellers and other companies that pay and get paid across borders, who value the multicurrency IBAN and local payment rails. Its pricing sits above a typical domestic account, so it suits businesses with regular international flows rather than a company that only needs a simple euro current account. As of 23 December 2025, confirm the current position with the provider before relying on it.

How to open MultiPass for business in Spain

Confirm your Spain incorporation and gather company documents and identification for directors and ultimate beneficial owners.
Apply online and complete onboarding checks with the MultiPass team, who review your activity and ownership.
Once approved, activate your multicurrency account and dedicated IBAN, and add local United Kingdom and United States details as needed.