Trusted Partners

02 / BANKING IN SPAIN

BBVA online banking

Keep your everyday banking simple.

Opening a Spanish bank account is one of those practical steps that makes a new home feel closer. Many accounts charge maintenance fees, sometimes unless you meet income or account-use conditions. Choosing the exact account carefully can save you money.

BBVA’s Fee-Free Online Account has no account administration or maintenance fees, and includes a debit card with no issuance or maintenance fee for each holder. That makes it an attractive option to explore for everyday banking. Other services, such as certain cash withdrawals, currency conversion or overdrafts, may still cost extra.

BBVA provides an English-language online banking website, and its app offers English-language use. The application includes identity verification: check with BBVA that your documents are accepted and that English is available for your particular verification route before starting. Account opening is subject to BBVA’s eligibility and identity checks; being able to buy a property does not automatically make you eligible for every online account.

Use our code during sign-up where BBVA asks for a referral or invitation code, if the offer is available to you. BBVA’s current promotion rules decide eligibility and any reward; we do not promise a bonus or a particular benefit. Using a qualifying referral may help support this site at no extra cost to you.

How do Spanish bank account fees compare?

Compare products, rather than assuming that every account at a bank has the same charges. Several large Spanish banks also offer online accounts with no maintenance fee.

These are selected account examples, not a comparison of every bank or a promise that all banking is free. Fees depend on the contract, customer status and services used. Read the bank’s current fee document and terms before opening an account.

03 / SAVING IN THE UK

Monument Bank

Make more of the money you keep in the UK.

Keeping savings in pounds while you plan your next chapter in Spain? If you are still a UK resident, Monument Bank is an option to explore. Its Welcome Saver currently pays 4.56% AER variable (4.47% gross). That could help your UK savings work harder while you make your plans.

The Welcome Saver is for new Monument clients. Interest is calculated daily and paid monthly. You can make unlimited withdrawals. The rate is variable, so it can go up or down. After 12 months, the account moves to an Easy Access Tracker with a different variable rate.

You must be aged 18 or over, be a UK resident and have a personal UK bank account for transfers. The minimum balance is £25,000 across your Monument savings accounts. You must open the Welcome Saver within 14 days of becoming a Monument client. Holding money in the UK alone does not make you eligible if you live in Spain.

Receive £40 through our referral link

Use our link to start your application and receive £40 when you meet Monument’s referral conditions. Opening an account alone does not qualify.

1. Enter your phone number on the referral page before opening your account.
2. Open an eligible Monument savings account as a new client.
3. Deposit at least £10,000 into a Cash ISA, or £25,000 across your Monument savings accounts, before the offer ends.

Monument pays the £40 reward into your linked bank account once its conditions are met. Previous Monument savings clients are not eligible. Cash ISA eligibility and account terms apply separately. Check the offer deadline and full terms on the referral page before applying.

Referral link: the person referring you also receives £40 when the qualifying conditions are met.

Rate and offer checked 11 November 2026. The rate is from Monument’s Welcome Saver summary box, effective 10 September 2026. AER means Annual Equivalent Rate. Gross means before tax. Check Monument’s current rate and account terms and the referral offer and its terms before you apply.

04 / CURRENCY EXCHANGE & INTERNATIONAL PAYMENTS

Lumon Pay

Moving money, with a real person to help.

Planning a property purchase or a move to Spain? Lumon helps you exchange currencies and make international payments. It can help you plan the transfer of pounds into euros for your Spanish home.

You can talk to a real person. Lumon offers support from currency specialists and dedicated account managers. You can discuss your plans, ask questions and talk through exchange rates and payment timings before you decide.

Buying a house in Spain? Check where your money goes.

Always make sure your house purchase funds are sent to your independent lawyer’s verified client account, following the payment arrangements agreed with your lawyer. Confirm the account name, IBAN and payment reference directly with the law firm before transferring any money.

Call your lawyer on a number you already know and trust. Check any request to change bank details by phone before acting. Your lawyer should confirm receipt and explain how the funds will be used for your purchase.

Referral link · We may receive a referral fee if you use this link and meet the partner’s qualifying conditions.

Exchange rates move. Ask for a quote and check the rate, any fees, the amount the recipient will receive and expected arrival time before confirming a transfer. Service information checked 11 November 2026. Meet Lumon’s team. How to check payment instructions.