Best Banks in Spain

Most Trusted Banks in Spain

The List of Top Banks in Spain

Bank Rating APY Bonus Monthly Fee Link
Banco Santander
Largest Spanish Bank		 4.7/5 Up to 1.5% €100 welcome bonus €0–€3 Visit Santander
CaixaBank
Best ATM Network		 4.6/5 Up to 1.2% N/A €0–€2.5 Visit CaixaBank
BBVA
Best Online Services		 4.8/5 Up to 1.5% €50 bonus for payroll €0–€2 Visit BBVA
Banco Sabadell
Great for Expats		 4.4/5 Up to 1.3% €75 promo bonus €0–€2 Visit Sabadell
Bankinter
High-Interest Savings		 4.5/5 Up to 5.0% €340 savings promo €0 Visit Bankinter
Unicaja Banco
Regional Strength		 4.2/5 Up to 1.1% N/A €0–€1.5 Visit Unicaja
Abanca
Popular in Galicia		 4.3/5 Up to 1.0% €300 for direct deposit €0–€1.5 Visit Abanca
Kutxabank
Strong Regional Option		 4.1/5 Up to 0.9% N/A €0–€2 Visit Kutxabank
ING España
Best for No-Fee Accounts		 4.6/5 Up to 1.0% N/A €0 Visit ING
Openbank
Best Digital-Only Option		 4.7/5 Up to 2.3% €40 welcome bonus €0 Visit Openbank

Banco Santander

Banco Santander
Rating: ★★★★☆
  • Largest retail branch network in Spain
  • Comprehensive mobile banking
  • Global presence and services
  • Monthly fees apply without direct deposit
  • Low deposit rates on savings
Read more ↓
APYUp to 1.5%
CurrencyEUR
Account OpeningOnline & In-branch
Monthly Fee€0–€3 (with conditions)
U.S. CitizensYes (some restrictions)
Non-EUAllowed with documentation
Annual InterestPaid annually
Banco Santander is Spain’s largest bank, offering a full suite of banking products across Europe and the Americas. It’s ideal for those needing global reach and a strong digital platform, though banking fees may apply if eligibility requirements aren’t met.

CaixaBank

CaixaBank
Rating: ★★★★☆
  • Extensive ATM and branch network
  • Strong mobile app and security features
  • Good rewards for debit card use
  • Slightly lower interest rates
  • Fees apply without certain conditions
Read more ↓
APYUp to 1.2%
CurrencyEUR
Account OpeningOnline & In-branch
Monthly Fee€0–€2.50
U.S. CitizensNo
Non-EUPossible with documentation
Annual InterestPaid annually
CaixaBank offers one of Spain’s best domestic networks, with strong digital services and card rewards. Suitable for everyday banking, though savings rates remain low.

BBVA (Banco Bilbao Vizcaya Argentaria)

BBVA
Rating: ★★★★☆
  • Feature-rich mobile/app experience
  • Innovative fintech partnerships
  • Competitive bonuses for payroll setup
  • Fees apply without meeting criteria
  • Low savings APY
Read more ↓
APYUp to 1.5%
CurrencyEUR
Account OpeningOnline
Monthly Fee€0–€2
U.S. CitizensYes (with conditions)
Non-EUAllowed
Annual InterestPaid annually
BBVA is known for its advanced online banking, strong UX, and fintech integrations. Offers attractive bonuses for direct deposit customers and easy international services.

Banco Sabadell

Banco Sabadell
Rating: ★★★☆☆
  • User‑friendly accounts for expats
  • English‑friendly services
  • Decent interest rates with conditions
  • Monthly fee unless salary is deposited
  • Lower APY than some competitors
Read more ↓
APYUp to 1.3%
CurrencyEUR
Account OpeningOnline & In‑branch
Monthly Fee€0–€2
U.S. CitizensNo
Non‑EUAllowed
Annual InterestPaid annually
Sabadell is a strong option for expats in Spain, offering multilingual support and straightforward online account opening, though some fees and low interest rates remain.

Bankinter

Bankinter
Rating: ★★★★☆
  • High-yield savings promo
  • No monthly maintenance fee
  • Promo limited duration
Read more ↓
APYUp to 5.0%
CurrencyEUR
Account OpeningOnline
Monthly Fee€0
U.S. CitizensNo
Non‑EUYes
Annual InterestPaid monthly
Bankinter regularly offers one of the highest promotional interest rates in Spain, making it a great choice for savers looking to park funds for the short term.

Unicaja Banco

Unicaja Banco
Rating: ★★★☆☆
  • Strong presence in Andalusia
  • Personal service at local branches
  • Lower nationwide APY
  • Limited digital banking tools
Read more ↓
APYUp to 1.1%
CurrencyEUR
Account OpeningIn-branch
Monthly Fee€0–€1.50
U.S. CitizensNo
Non‑EUYes
Annual InterestPaid annually
Unicaja Banco is a reliable regional bank focused on customer service in southern Spain. Good for traditional banking needs but not ideal for digital-focused users.

Abanca

Abanca
Rating: ★★★★☆
  • Strong regional presence in Galicia
  • Attractive welcome bonuses
  • Fees unless you set up payroll
  • Standard APY rates
Read more ↓
APYUp to 1.0%
CurrencyEUR
Account OpeningOnline & In‑branch
Monthly Fee€0–€1.50
U.S. CitizensNo
Non‑EUYes
Annual InterestPaid annually
Abanca excels in Galicia with strong customer care and decent incentives, but conditions apply for no-fee usage.

Kutxabank

Kutxabank
Rating: ★★★☆☆
  • Strong Basque regional focus
  • Personal in-branch service
  • Fees if conditions aren’t met
  • Weaker digital banking experience
Read more ↓
APYUp to 0.9%
CurrencyEUR
Account OpeningIn-branch
Monthly Fee€0–€2
U.S. CitizensNo
Non‑EUYes
Annual InterestPaid annually
Kutxabank is a community-focused Basque bank with good local support but limited digital reach.

ING España

ING España
Rating: ★★★★☆
  • No maintenance fees
  • Clean, intuitive digital banking
  • Few physical branches
  • Low savings interest
Read more ↓
APYUp to 1.0%
CurrencyEUR
Account OpeningOnline only
Monthly Fee€0
U.S. CitizensNo
Non‑EUYes
Annual InterestPaid annually
ING España is a straightforward, digital-first bank with no fees, great for tech-savvy users, though it lacks in-person support.

Openbank

Openbank
Rating: ★★★★☆
  • Fully digital bank (Santander subsidiary)
  • Competitive savings rates
  • No maintenance fees
  • No physical branches
  • Requires tech competence
Read more ↓
APYUp to 2.3%
CurrencyEUR
Account OpeningOnline only
Monthly Fee€0
U.S. CitizensNo
Non‑EUYes
Annual InterestPaid monthly/annually
Openbank, backed by Santander, is an excellent digital option with no fees and solid savings offers, ideal for those entirely comfortable online.

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