Importers and exporters in Spain are well served by multi currency accounts. Wise Business and Revolut Business hold and convert many currencies, Qonto pairs a Spanish IBAN with foreign payments, and traditional banks such as Santander, BBVA and CaixaBank add trade finance and branch support.
- Suits traders best
- Depends on needs. Wise Business and Revolut Business suit frequent foreign payments, while a traditional bank suits trade finance.
- Typical monthly fee
- EUR 0 to about EUR 40 a month depending on plan, plus conversion costs, as of 2 February 2026.
- Multi currency
- Widely available. Several providers hold and convert euros, dollars and more. Verify supported currencies with the provider.
- Trade finance
- Mostly traditional banks. Online providers rarely offer letters of credit. Unclear cases, verify with the provider.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
What importers and exporters in Spain need from a business account
A trading business in Spain receives and sends money in several currencies and needs to keep conversion costs under control. The practical priorities are a multi currency account that can hold and convert euros, dollars and other currencies, a transparent exchange rate, fast SEPA and international payments, and records that map each payment to an invoice. Cash handling is rarely central, which is why online providers fit many traders, although a traditional bank still matters where you need trade finance, letters of credit, or a documentary collection.
Currency and payments
Holding foreign currency lets you receive in the currency a customer pays and settle a supplier in the same currency, which avoids converting twice. Wise Business and Revolut Business are built around multi currency accounts, while Qonto offers multi currency features alongside a Spanish IBAN that local counterparties expect. Conversion costs, included allowances and the currencies supported differ by provider and plan, so check the current foreign exchange terms with the provider. As of 2 February 2026.
Trade finance and documents
Online providers generally do not offer letters of credit, documentary collections or export guarantees. If your trade depends on those instruments, a traditional bank such as Santander, BBVA or CaixaBank is usually the route, sometimes alongside a neobank used for day to day payments. Confirm what each provider supports before you rely on it. As of 2 February 2026.
Compare accounts for importers and exporters in Spain
These providers accept business customers in Spain. Fees and eligibility shown as of 2 February 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about banking for importers and exporters in Spain
Which account suits an importer or exporter in Spain?
Can I hold US dollars and other currencies in Spain?
Do online providers offer letters of credit for trade?
What exchange rate do these providers use?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 2 February 2026. Confirm current terms with the provider before applying.