The banking system is well established and modern and compares favourably with those of northern European countries in terms of facilities offered. The variety of different banking organisation is staggering, including some familiar international names, but all banking activity is controlled by the Bank of Spain (Banco de España), which has its central office in Madrid and branches in all provincial capitals.

Choosing a bank can be difficult. New members of a community would be wise to ask the advice of local residents before making a choice. Also talk to the Manager, (most speak good English), and ask detailed questions about the facilities available and the bank charges. Another important factor for Internet users is the quality of online services provided by the bank.

Different types of Banks

Different types of Bank Accounts

Opening an Account

International Bank Code

Transfers of Funds

Standing Orders

Bank Statements


Bank Cards

Online Banking


Investment Advice

Bank Charges

Choosing a Bank