Business banking in Spain: fees and how to open

Snapshot

To open a business account in Spain you normally need a registered Spanish entity with a NIF tax identification number, the deed of incorporation, proof of registration with the commercial registry, identity documents for the directors and beneficial owners, and a registered address. Both traditional banks and neobanks such as Qonto serve Spain.

Can a non resident open: Possible but harder. Several neobanks and some banks onboard non resident owners of a Spanish registered company, usually with a NIE for the people involved. A Spanish registered entity is normally required. Verify with the provider.
Typical timeline: Providers do not publish a standard timeline. Neobanks onboard online, and traditional banks can take longer. As of 11 October 2026
Free account available: Yes, for some. Qonto lists a free Starter plan for the self employed, and Wise Business has no monthly fee after a one time opening fee of 60 euros. As of 11 October 2026
Most providers: several business accounts

Fees and features as of 11 October 2026Last updated 11 October 2026

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

Opening a business account in Spain usually starts with registering your company and obtaining a NIF. With that and your company and identity documents, you can apply to a traditional bank such as Santander, BBVA or CaixaBank, or to a neobank such as Qonto, Revolut Business or Wise Business, several of which support remote onboarding. Non resident owners can often open an account for a Spanish registered company, though checks are stricter and a NIE is usually needed for the people involved. Figures here are as of 11 October 2026.

How business banking works in Spain

Spain has a mix of large traditional banks and a growing set of business neobanks. Traditional banks offer branches and broader lending, while neobanks such as Qonto, Revolut Business and Wise Business focus on fast online onboarding, a Spanish or European IBAN, cards and bookkeeping tools. A Spanish registered company with a NIF is the usual starting point, and many providers can onboard you online once your documents are ready.

Who can open a business account

Registered Spanish businesses, including companies such as a sociedad limitada and self employed sole traders known as autonomos, can open a business account. Non resident owners of a Spanish registered company can often open an account, though identity and beneficial ownership checks are stricter and you usually need a NIE for the directors and beneficial owners. Verify with the provider.

Traditional banks compared with neobanks

Traditional banks offer branches, in person support and broader lending, but pricing and account maintenance fees can be less clear and onboarding can be slower. Neobanks such as Qonto, Revolut Business and Wise Business offer faster online onboarding and clearer pricing, with plans from a few euros per month and some free tiers, though they focus on payments and tools rather than full branch banking and lending. As of 11 October 2026, compare the trade offs for your needs.

Requirements and documents

Requirements vary by provider, but most ask for the following before they open a Spanish business account. Verify with the provider

A Spanish registered entity with a NIF, plus the deed of incorporation, the escritura de constitucion, and proof of registration with the commercial registry
Identity documents for the directors and the beneficial owners, such as a valid passport, and a NIE where the people involved are not Spanish nationals
Evidence of a registered address in Spain and details of the company ownership structure

How to open an account

Register your Spanish company, obtain your NIF and the deed of incorporation, and register with the commercial registry
Choose a provider, a traditional bank for branches and lending or a neobank such as Qonto for fast online onboarding, and gather your company and identity documents
Apply online or in branch and complete identity and beneficial ownership checks. Cash share capital is normally deposited in a bank account in the company name before the deed is signed, and the notary adds the bank certificate to the deed

Compare business accounts available in Spain

These providers accept business customers in Spain. Fees and eligibility shown as of 11 October 2026. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about business banking in Spain

Can a non resident open a business account in Spain?

Often yes, for a Spanish registered company, though checks are stricter and you usually need a foreigner identity number, the NIE, for the directors and beneficial owners. A Spanish entity with a NIF is normally required. As of 11 October 2026. Verify with the provider.

What documents do I need to open a Spanish business account?

Typically the company NIF, the deed of incorporation known as the escritura de constitucion, proof of registration with the commercial registry, identity documents for the directors and beneficial owners, and proof of a registered address. As of 11 October 2026. Confirm with the provider.

How long does it take to open a business account in Spain?

Providers do not publish a standard timeline. Neobanks onboard online once your company documents are complete, and traditional banks can take longer, especially for foreign owned companies. As of 11 October 2026. Verify with the provider.

Which providers offer business accounts in Spain?

Traditional Spanish banks such as Santander, BBVA, CaixaBank, Banco Sabadell and Bankinter serve Spain, alongside neobanks and cross border options such as Qonto, Revolut Business and Wise Business. As of 11 October 2026. Confirm current availability and terms with each provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with the provider before applying.

Business banking in Spain