»
»
8 Factors To Consider When Choosing a Bank in Spain

8 Factors To Consider When Choosing a Bank in Spain

[post-views]
Top 4 Banks in Spain for International Students

Now that you’ve decided to study in Spain, there are other things you must do. One of which is opening a bank account.

Spain is home to some of the most reputable banks in the world. There are also various online banking options for international students. Knowing this, it’s vital to pick the right bank that can deliver what you need.

Here are eight factors to consider when choosing a bank in Spain:

Know What Type of Bank is Better for You

In Spain, you can choose to open an account from a traditional bank or a mobile bank. Usually, mobile banks are the more convenient options for international students. 

But if you’re staying in Spain for a long time, look into traditional banks as well. Regardless of what banking option you choose, match it with the lifestyle you have. Assess your needs too to find which one is best for you.

Look Into Charges and Other Fees

It’s common for most banking transactions to incur fees. For instance, you may have to pay ATM fees for withdrawals you make. 

Various banks in Spain offer zero charges for these transactions. Make sure to consider them among your options.

Consider Convenience and Security

Security must be a top priority when choosing a bank. Opt for a bank that has been serving its clients for a reputable number of years. Make sure that all these services are convenient to you as well.

Availability of Worldwide Money Transfers

You may need to transfer money while in Spain so look into this matter too. Some bank accounts serve up to 30 countries for worldwide money transfers. Find out if a bank serves transfers to and from your home country.

Cost of Exchange Rates for Transfers

When you send or receive money internationally, you’ll have to pay certain fees. You can look for a bank that doesn’t charge for these international transfers. Alternatively, you can pick a bank where the exchange rate is lower than usual.

Mobile Banking Features

Mobile banks should allow you to maximize and support your banking needs. For instance, mobile bank N26 has a budget manager in its app. Consider these features too before committing to a mobile bank.

Customer Service and Available Languages

If you don’t speak Spanish, availability in other languages will truly help. Most banks offer banking services in English and Spanish, while others serve up to 10 languages. This makes the customer service experience more memorable and better for you.

Ease of Application and Other Perks

No one likes going through complex processes to open a bank account. The easiest applications are through mobile banks though traditional banks make it easy too. 

Once you get into the application, look through the perks and see if they benefit you. They’re great extras that could give you a banking advantage in Spain.

Before you commit to a bank in Spain, there are various factors to consider. To expand your banking knowledge, scan through our other articles on banking in Spain here at MSM Unify.

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp

Recent posts

Filter by Categories
8 Factors To Consider When Choosing a Bank in Spain | MSM Unify
Inquire Now

Thank You

You are already subscribed for MSM Newsletter

Thank You

You have been registered to our newsletter successfully

Are you sure, you want to logout?

Yes, I am sure! No

Write for Us

Do you have a story to tell that will get students excited about learning? Are you an institution eager to reach out to students and share insights about the latest in edtech? Or are you an agent armed with useful information that can help students prepare and become successful with their international education? Do you handle a student organization and want to share your thoughts about pressing issues?

We want to hear from you!

MSM Unify welcomes pitches about every topic you can think about international education, professional learning, comprehensive assessments, technology integration, and everything in between.

Send us a message through our Contact Us page, and be sure to include the following details:

  • A few details about your post and an outline.
  • Links to any graphics or images you want to use.
  • Your target audience.
  • A short author bio with details about your role.

Note: Please make your submissions at least 800 to 1,000 words. We only accept original articles. Posts that have been published on other platforms will not be accepted.

MSM Unify Editorial Process

Your submitted pitch will be discussed by our editorial team. Once we decide to accept it, one of our editors will contact you for further discussions.

All articles submitted to MSM Unify will be subject to our Terms of Use.

Error!

An internal error occurred during your request.

OK