Spain: Open a bank account and insure your home and car for a future student in Spain!

• Your identity card
• Your EIN
• Proof of income (salary slip or last tax notice).
• A proof of address.

NB: Not all banks accept to open accounts for non tax residents in Spain.

• Banks are generally open to the public from 8:30 a.m. to 2:30 p.m. Monday through Friday.
• It is not necessary to make an appointment with a counselor in advance.
• Checks are not widely used in Spain, very few businesses accept payment by check.
• Cash withdrawals are subject to a fee if you make a withdrawal from an ATM belonging to a network other than the one recommended by your bank.

Ask about your bank's network (4B Telebanco, Servired, EURO 6000).
At TARGOBANK you have access to 3,800 ATMs throughout Spain: List of ATMs

The costs can be very different from one bank to another.
Before anything else, find out about the different commissions, account management fees, bank card fees, transfer prices, etc.

TARGOBANK is the brand in Spain of the financial group Crédit Mutuel, leader in the European financial market.
The Crédit Mutuel Group is the only French bank with a retail banking network in Spain consisting of 125 branches spread throughout the country.

It is possible that students already in Spain will tell you that they don't have insurance because they are sharing a house and have never had a problem. Sometimes it is even the real estate agency or the landlord who will tell you that the insurance of your home is not mandatory.

We strongly advise you not to be negligent on this point.

• What will happen if you set the house on fire?
• What happens if you leave a faucet open and cause water damage?
• What happens if the upstairs neighbor causes a flood that damages your personal belongings?
• Without home insurance, you will be responsible for all costs incurred by these incidents.

Therefore, we really advise you to insure your student accommodation in Spain.

A simple number should help you decide: 183.

This is the number of days in Spain beyond which you cannot legally remain insured in France.

Once again: beware! In case of an accident in Spain with a French vehicle, great means can be deployed by insurance companies who suspect that you have defrauded on this point. If they prove that you have exceeded the 183 days, the insurance you had in France will not compensate you or your victims. Some insurers have even more restrictive clauses for the use abroad of the vehicles they insure.

To insure a vehicle in Spain, it must be registered in Spain.

• Either it was bought there,
• or it was bought in France and you will have to make administrative steps to register it in Spain.

• Home and vehicle insurance normally includes liability insurance.
• This will automatically cover you for the entirety of your studies in Spain, especially during your internships, which is never a waste of time, especially for students who are studying in the health field for example.

• online banking account in French for all your operations;
• free transfers between France and Spain;
• French-speaking consultants at your service;
• no obligation to deposit salary each month to open an account in Spain;
• Financing solutions for your real estate purchase anywhere in Spain with loans with fixed or variable rate;
• Preferential conditions to benefit from the full range of insurance products.

And above all, as a CONTIGO France client, we bring you the guarantee of security and reliability necessary to carry out all your operations, because the Crédit Mutuel Group is one of the 10 safest banks in Europe.

• For French-speaking customers in Spain, TARGOBANK offers a complete range of services available throughout Spain with its new direct branch CONTIGO France.
• This agency, which offers a service entirely in French, efficiently completes the TARGOBANK network, and is available online from Monday to Thursday from 8:30 am to 6:30 pm and on Friday from 8:30 am to 2 pm.
• It offers a complete response with banking and insurance solutions for the whole family (car, home, health...).

You can contact us from Monday to Thursday from 8:30 am to 6:30 pm and on Friday from 8:30 am to 2 pm.