{"id":26684,"date":"2021-02-18T08:00:00","date_gmt":"2021-02-18T07:00:00","guid":{"rendered":"https:\/\/www.confianz.be\/?p=26684"},"modified":"2023-07-24T10:37:52","modified_gmt":"2023-07-24T08:37:52","slug":"spanish-bank-account-needed","status":"publish","type":"post","link":"https:\/\/www.confianz.be\/en\/spaanse-bankrekening-nodig\/","title":{"rendered":"Second residence in Spain. Is a Spanish bank account necessary?"},"content":{"rendered":"

We are often asked whether a Spanish bank account is necessary for the purchase of a second residence. After all, periodic bank charges can add up. In this post, we explain when a Spanish account is and is not necessary.<\/p>\n\n\n\n

Why is a Spanish bank account necessary?<\/h4>\n\n\n\n

A Spanish bank account when buying a property is basically needed for two reasons. <\/p>\n\n\n\n

    \n
  1. The final payment by deed should be made from a Spanish bank account. This way, anti-money laundering checks can take place and you can pay by bank cheque.<\/li>\n\n\n\n
  2. For direct debit\/automatic collection of fixed charges after purchase. Think utilities and municipal taxes. However, automatic payments can be made in most Spanish provinces via a Belgian or Dutch bank account.<\/li>\n<\/ol>\n\n\n\n

    <\/p>\n\n\n\n

    If you work with our firm, payment of the purchase price can also be made through our third-party account. That way, you won't need a Spanish bank account.<\/strong><\/p>\n\n\n\n

    In Spain, payment at the notary is made by bank cheque. Find more information on paying for a property in Spain here.<\/a><\/strong><\/p>\n\n\n\n

    Payment of fixed costs<\/h4>\n\n\n\n

    You can have the payment of certain fixed costs made by direct debit. Think of water, electricity, municipal tax, urbanisation, internet, television, etc. Traditionally, a Spanish bank account is also used for this purpose. <\/p>\n\n\n\n

    Read more about the cost of second residence in Spain.<\/a><\/strong><\/p>\n\n\n\n

    Depending on region to region, these payments can also be made through a Belgian bank account. In Costa Blanca, for example, utilities and SUMA may deal directly with a Belgian bank.<\/p>\n\n\n\n

    Foreign bank account registration requirement<\/h4>\n\n\n\n

    Forget your Spanish bank account not to be registered<\/strong><\/a> at the National Bank and to indicate this in the personal income tax return. After all, this is required by law.<\/p>","protected":false},"excerpt":{"rendered":"

    We often get the question whether a Spanish bank account is necessary for the purchase of a second residence. You can find more info in this entry. <\/p>","protected":false},"author":2,"featured_media":26693,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[138,150,155],"tags":[580,274,275,276,581,277],"class_list":["post-26684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aankoop-in-spanje","category-praktisch","category-spanje","tag-kosten-spaanse-bankrekening","tag-spaanse-bankcheque","tag-spaanse-bankrekening","tag-spaanse-bankrekening-openen","tag-spaanse-bankrekening-openen-nodig","tag-spaanse-hypotheek"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/26684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/comments?post=26684"}],"version-history":[{"count":2,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/26684\/revisions"}],"predecessor-version":[{"id":30178,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/26684\/revisions\/30178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media\/26693"}],"wp:attachment":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media?parent=26684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/categories?post=26684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/tags?post=26684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}