Spain › Finance, Currency, Insurance & Taxes › Do I need a Spanish bank account to buy a property in Spain? › Reply To: Do I need a Spanish bank account to buy a property in Spain?
15/09/2022 at 12:25 AM
#121906
Geraint69
Hi Carley,
Officially there is no requirement to open a Spanish bank account when buying a proprety. However, it is highly recommended you open a Spanish bank account as early as possible.
A Spanish bank account will help you comply with Spain’s money laundering. Also, it will help with paying expenses, utility charges and local taxes.
Best