Santander España
Local bankDGS €100k protectedBest for: Spanish residentsBest for: Full-service bankingBest for: Branch network
Pros & Cons
Pros
- Deposit protection: DGS €100k (ES — Fondo de Garantía de Depósitos)
- Local Spanish IBAN
- large branch & ATM network
- full-service incumbent
Cons
- No fully remote opening
Rating breakdown
Foreigner onboarding33
USD handling20
Transfers75
Value & fees30
Licence & deposit protection
DGS €100k protectedDGS €100k (ES — Fondo de Garantía de Depósitos)
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
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
- 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
- Needs NIE/residency; branch may be required
- English support
- Yes
- Remote opening
- No
- Headquarters
- Spain
Also consider
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 may need a branch visit or local docs. English support is available. Requirements: Needs NIE/residency; branch may be required.
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.
Updated: Dataset compiled: