If you are going to live in Spain, it is wise to open a Spanish bank account. This is handy for your monthly payments that requires a Spanish bank account. Think of:

  • payment rent
  • payment of water and electricity
  • payment health insurance
  • payment telephone & internet

In addition, you build up a history with a Spanish bank, so that it can be easier in the future if you want to apply for a loan or a mortgage.

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