Opening a bank account in Spain
Many foreigners, whose stay in Spain goes beyond the usual tourist trip, are faced with the need to establish relationships with local banks in Spain. The reason is obvious: having your own account, opened in the country of your current residence, is often a prerequisite for the provision of various kinds of services, as well as a way to confirm your solvency when carrying out large transactions or registering a residence. In addition, having a Spanish bank card, a foreigner gets the opportunity to save on commissions associated with withdrawing cash abroad, and generally feels more comfortable. But what should be considered when carrying out this type of operation in the first place? Based on the general rules, Spanish banks have, however, the authority to set their own requirements for the set and type of documents that must be provided to the applicant when opening a bank account, especially when it comes to non-residents of Spain. To avoid confusion and wasted time, contact Rusol Prime. Our consultants will help you choose a bank in Spain that best suits the purposes for which you need to open an account, give explanations on tariffs, help you create the necessary package of documents and act as accompanying persons when signing a service contract. Also, when choosing a bank, the location and number of its branches, the convenience of functional systems for remote account management and, of course, the level of service will be taken into account.
Documents for opening a bank account in Spain
The main documents for opening an account in a Spanish bank are: a certificate from the place of work (depending on whether you are employed or a self-employed person), an extract from the resident's account (where the money will come from) and a passport. All documents must be translated into Spanish.
Getting a loan from Spanish banks
Taking money on credit is a practice that is very common in Spain, both among individuals and legal entities. According to current statistics, small loans for short periods of time are especially in demand among local consumers and entrepreneurs, where a high interest rate is compensated by a minimum of paperwork. If your goal is a large loan for a long time period, you should be ready to meet a number of requirements that certain financial institutions present to their potential borrowers. First of all, this applies to documents confirming the status and stability of income. The bank pays no less attention to credit history (including the presence or absence of current obligations to other banks) and the results of an interview with a loan officer. On average, it takes two weeks for the risk departments of Spanish banks to check and analyze the data. In case of a positive decision, the borrower is also given time to carefully study the loan conditions. The latter can be done independently, but it is even better to use the help of specialists. Rusol Service provides professional advice on obtaining all types of loans for both individuals and legal entities. The service package includes: individual selection of the bank and the optimal credit program, the formation of a package of documents, a preliminary assessment of the client's creditworthiness and support at all stages of obtaining a loan.
