Santander España
Pros & Cons
Pros
- Deposit protection: DGS €100k (ES — Fondo de Garantía de Depósitos)
- Local Spanish IBAN
- large branch & ATM network
- full-service incumbent
Cons
- —
Rating breakdown
Why this score
Good fit for
- you receive international wires (SWIFT)
- you receive SEPA transfers
May not fit if
- you need to hold USD
- you need crypto in or out
This is a licensed bank, so eligible deposits are protected by the deposit guarantee scheme (DGS) up to €100,000 per customer. That's a key safety factor when choosing.
- Licence
- Bank · Banco de España
- IBAN
- ES
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Deposit & savings rates
Compare all deposits →DGS €100k protected DGS €100k (ES — Fondo de Garantía de Depósitos)
| Product | Currency | TAE / APY | Term | Conditions | Source |
|---|---|---|---|---|---|
| Cuenta Online | EUR | 0% | On demand | Cuenta Online: 0% TAE. Sin depósito a plazo público. | Sourceas of 2026-06-23 |
Editorial review
Data reviewed by Ilya ChernetskiyFounder and editor, nomonedaUpdated: 2026-08-15
Santander España is a licensed bank (Banco de España), so eligible deposits carry DGS €100k (ES — Fondo de Garantía de Depósitos).
It is a local bank licensed in ES supporting EUR. FX model: Card-network rate + bank markup.
It tends to suit spanish residents, full-service banking, branch network.
Fees & terms
- Exchange rate
- Card-network rate + bank markup
- Card cost
- Paid; waived with conditions
- Local-currency withdrawal
- Not disclosed
- USD withdrawal
- Not disclosed
- Withdrawal fees
- Not disclosed
- Limits
- Not disclosed
- USD yield
- Not disclosed
- Cashback
- Not disclosed
- Currencies
- EUR
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out, SWIFT in/out
- Payments
- Apple Pay, Google Pay
- Licence
- Bank — Banco de España
- IBAN
- ES
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- Card-network rate + bank markup
- Opening requirements
- Non-Resident Account opens 100% online in English on passport + video ID (27 countries of residence)
- English support
- Yes
- Remote opening
- Yes
- Headquarters
- Spain
Transfer routes
One row per direction, rail and currency — with what we hold on fees, speed and limits. A blank fee is not a free transfer; it is a fee we have not collected.
| Route | Fee | Speed | Limits |
|---|---|---|---|
| SWIFTincoming | 0.5%25 EURConditional: min 25 EUR | Not published | — |
| SWIFToutgoing | FreeStated, not pricedConditional: individuals via app or web since Nov 2025; FX cost may apply | Not published | — |
| SEPAincomingEUR | 0.2%3 EURConditional: min 3 EUR; tariff max, typically waived per account terms | Not published | — |
| SEPAoutgoingEUR | Free | Not published | — |
| SEPA InstantincomingEUR | Not published | Instant | — |
| SEPA InstantoutgoingEUR | Not published | Instant | — |
Who holds your money
The name on the app is not always the company holding the balance, and deposit protection follows the licence rather than the brand.
| Role | Organization | Answerable for | Applies to |
|---|---|---|---|
| Licence holder | Santander EspañaBanco de España | Operating under regulatory permission | All currenciesDGS €100k (ES — Fondo de Garantía de Depósitos) |
| Deposit guarantee | DGS €100k (ES — Fondo de Garantía de Depósitos)Banco de España | Paying out if the deposit holder fails | EURDGS €100k (ES — Fondo de Garantía de Depósitos) |
What to know before you move money
Nothing flagged — Nothing we track is flagged on this service.
- Medium3 route(s) state a fee we could not turn into a number.
Read from: transfer_routes.fee_components
Recent updates
- 2026-08-15checked15 facts about Santander España re-checked against their sources
- 2026-06-23checked1 deposit rate at Santander España re-checked
3 similar services
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| Service | Score | Documents | Head-to-head |
|---|---|---|---|
| BoursoBank | 74/100 | Needs French address; remote opening with French docs | Compare → |
| BBVA | 69/100 | TIE holders fully online; NIE starts online, finishes in branch; passport branch-only | Compare → |
| DKB | 66/100 | Needs Anmeldung/German address; remote opening with German docs | Compare → |
User reviews
User score
No reviews yet.
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FAQ
- Is my money protected?
- Yes. Santander España holds a full bank licence (Banco de España), so eligible deposits are protected by DGS €100k (ES — Fondo de Garantía de Depósitos).
- What IBAN and transfers?
- Santander España issues a ES IBAN. SEPA Instant: send + receive.
- Can I open remotely, in English?
- Opening is remote. English support is available. Requirements: Non-Resident Account opens 100% online in English on passport + video ID (27 countries of residence).
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Independently corroborated, rated on the full model and checked within the year. This service can appear in our ranked picks.