Updated on 23 January 2020
ING Bank is a member of ING Group, a financial company specializing in insurance and banking. ING Bank is a universal bank offering a wide range of products and services to individuals, families, small businesses, large corporations, financial institutions, governments, public and private institutions and supranational bodies. ING Bank is a market leader in "Benelux" countries (the Netherlands, Belgium and Luxembourg) where it currently has strong market positions in retail and commercial banking. ING Bank, N.V. S.E operates as a branch of ING Bank NV (Netherlands).
CaixaBank is a financial services company, member of La Caixa group. CaixaBank, one of the largest banks in Spain, provides universal banking and insurance products and services.
Deutsche Bank, S.A.E. is a member of Deutsche Bank group. Deutsche Bank, S.A.E. specializes in providing retail and corporate banking products and services. Deutsche Bank, S.A.E. also offers online brokerage and insurance products.
Banco Bilbao Vizcaya Argentaria (BBVA) is one of the largest Spanish banks, operating as a global universal bank and offering retail, private, corporate and investment banking products and services to its customers.
Abanca Corporación Bancaria (ABANCA) is a Spanish bank, established in 2011. The bank provides retail and corporate banking services.
Banco Mediolanum provides retail banking products and rervices to natural persons in Spain. Banco Mediolanum assigns a consultant to every customer, so its customers enjoy personalized service and easy access to the bank available 24 hours a day, 365 days a year.
Established in 1994, Open Bank was the first bank in Spain offering telephone and Internet banking and thus significantly reducing costs of the daily operations. Open Bank is a member of Santander Group.
Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.
Current accounts are usually non-interest bearing deposit accounts which are designated to perform day-to-day banking transactions and are often offered with a payment card (a debit card and/or a credit card). Also current accounts may include overdraft possibility.
The table above shows selected current accounts offered to retail customers by the banks in Spain. The interest rates (per annum) are within the range 0.00 - 0.00 %, the overdraft rates (per annum) - 0.00 - 11.39 %, the annual costs - 0.00 - 80.00 EUR.
Deposit Guarantee. Current accounts made with credit institutions in Spain are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on current accounts by non-residents of Spain is not taxed. Interest gained on current accounts by residents of Spain is taxed at 21.00% rate. When the interest is paid, this tax is automatically withhold from the current account by the bank.