Best business accounts for LLC and Corporations in Spain
Snapshot
Limited companies in Spain, the SL and SA, can open accounts with neobanks and traditional banks once the company has its NIF. Qonto and Finom suit an operating account, while Santander, BBVA and CaixaBank suit payroll, lending and branch support.
Suits companies best
Depends on needs. Qonto and Finom suit daily operations, while a traditional bank suits payroll and lending.
Typical monthly fee
EUR 0 to about EUR 40 a month at neobanks, or a maintenance fee at traditional banks, as of 6 February 2026.
Documents needed
NIF, escritura de constitucion, Registro Mercantil extract, Modelo 036, and owner identification. Verify with the provider.
Providers that fit
Several. Both neobanks and traditional banks accept registered companies in Spain.
Fees and features as of 6 February 2026Last reviewed 6 February 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Limited companies in Spain, such as a sociedad limitada or SL and a sociedad anonima or SA, can open a business account with both neobanks and traditional banks once the company has its NIF. Qonto and Finom suit an operating account with expense management and accounting, while Santander, BBVA and CaixaBank suit companies that need payroll, lending, branch support and direct debits for the tax authority and Social Security. Many companies use a neobank for daily operations and a traditional bank for the rest. Fees and features below are shown as of 6 February 2026, so confirm current terms with the provider.
What an SL or SA in Spain needs from a business account
An incorporated company is a separate legal entity, so the account is opened in the company name and the bank verifies the company and its owners. Before you apply you generally need the company NIF, the escritura de constitucion or deed of incorporation, the extract from the Registro Mercantil, the Modelo 036 census registration, and identification for the directors and the ultimate beneficial owners who hold more than 25 percent. A neobank often completes checks in days, while a traditional bank can take several weeks. As of 6 February 2026.
Operating account against full service banking
Neobanks such as Qonto, Revolut Business and Finom give a fast operating account with cards, expense controls and accounting exports, but they do not replace a traditional bank for payroll runs, direct debits to the AEAT and the Tesoreria General de la Seguridad Social, and relationships with Spanish counterparties that expect a Spanish IBAN. A traditional bank adds lending and branch services. Confirm what each provider covers for a company. As of 6 February 2026.
Q
Qonto
Business account for registered companies with a Spanish IBAN, SEPA payments, expense management and accounting exports. Built for B2B, not for private individuals.
Traditional bank with branches across Spain, business lending, payroll and direct debits for AEAT and Social Security. A maintenance fee may apply, sometimes reduced when conditions are met.
These providers accept business customers in Spain. Fees and eligibility shown as of 6 February 2026. Confirm current terms with the provider before applying.
Can an SL or SA open an account with a neobank in Spain?
Yes. Neobanks such as Qonto, Revolut Business and Finom open accounts for registered Spanish companies once the company has its NIF and incorporation documents. They focus on B2B and do not serve private individuals. A traditional bank may still be needed for payroll and tax direct debits. Verify current terms with the provider. This is general information, not advice.
What documents does a company need to open an account in Spain?
Banks generally ask for the company NIF, the escritura de constitucion, the Registro Mercantil extract, the Modelo 036 census registration, and identification for the directors and the ultimate beneficial owners holding more than 25 percent. Foreign documents may need an apostille and a sworn translation. Requirements vary, so confirm with the provider. As of 6 February 2026.
How long does it take a company to open a business account in Spain?
It varies by provider. Neobanks such as Qonto and Revolut Business often complete checks in a few business days, while traditional banks such as Santander, BBVA and CaixaBank can take several weeks, especially with foreign ownership. Confirm the current timeline with the provider. As of 6 February 2026.
Does a company need both a neobank and a traditional bank?
Not always, but many do. A neobank handles daily operations, cards and accounting exports, while a traditional bank handles payroll, lending and direct debits to the AEAT and Social Security. Whether you need both depends on how the company operates. Confirm what each provider supports. As of 6 February 2026.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 6 February 2026. Confirm current terms with the provider before applying.