Banks

Is it necessary to open a bank account in Spain?

Students are not obligated to open an account, and Spanish legislation makes doing so time-consuming. Study abroad students are encouraged to use an ATM card or credit card to access funds in their home country. 

Students who plan to receive money through a check or bank draft must open a bank account.


Where do I open an account?

The University works with the following bank which is located close to campus.

BANCO SANTANDER CENTRAL HISPANO
Paseo de San Francisco de Sales, 35
T: 91 533 32 01


How do I withdraw money from my Spanish account?

You write a personal check and cash it at any branch of your bank. Please note that you must present official documentation (ie. passport) in order to cash any check.  Remember that a photocopy of your passport is not valid identification.

In Spain, personal checks are only used to access bank funds and are seldom used outside of the bank.

To make purchases in stores, you use cash or credit cards.


What is the best way for loved ones to send money if I have a bank account?

By bank draft made out to you in euros. Checks in foreign currency are usually accepted, but take a longer time to clear. Your bank at home can also transfer money directly to your bank account here. The transfer will usually take a few days, depending on your home bank’s connections with your bank in Spain.