Opening a Spanish bank account as a non-resident: step-by-step guide

Some banks (notably BBVA and Bankinter) allow temporary non-resident accounts with just a passport, valid for 30-60 days while you obtain the NIE. Once you have the NIE you convert it to a full non-resident account. Most banks, however, require the NIE upfront.

Yes. Under the Common Reporting Standard (CRS), Spanish banks share account information with the tax authority of your country of fiscal residence. US citizens additionally face FATCA reporting (Form W-9 at account opening, IRS Form 8938 if foreign assets >$50k). This is normal and does not affect your eligibility — it just means your home tax authority will know about the account.

Yes, joint accounts are common for couples buying property together. Both holders need their own NIE and certificate of non-residency. Joint accounts simplify mortgage payments, IBI direct debits and inheritance planning (Spanish accounts can be held in joint tenancy with right of survivorship under most banks' standard contracts).

Notify the bank within 30 days of becoming Spanish fiscal resident (typically when you reach 183 days in Spain). The bank converts your non-resident account into a standard resident account, removes the €16 fee for the certificate of non-residency, and changes the tax reporting category. The IBAN stays the same.

Yes, but plan ahead. Most banks require a written request and proof that no direct debits are pending (IBI, community fees may have lagged charges months after sale). Allow 30-60 days for full closure. The bank may charge a small closure fee (€10-€30) if the account is closed in the first year.