Open a business account in Spain

With a local Spanish IBAN in your company name, you can collect, send and exchange high-value business payments.

Collect, send, and exchange international business payments in 190+ countries and 100+ currencies including EUR, USD, AUD and HKD
No Spanish residency requirements
100% online application
Simple account opening within 24 hours
Get Started

Why use Banq Global?

An instant Spanish (ES) IBAN in your company name

Enjoy all the benefits of a Spanish business bank account without the paperwork. Your unique ES IBAN will give you the tools to operate as a local business in Spain.

Account features:

Suitable for:

Make global payments and currency conversions at preferential rates

Banq Global offers a highly competitive pricing model, providing customers access to exchange rates with as low as a 0.2% FX mark-up. Send and receive payments from 190+ countries worldwide.

Premium service

Access all our services, from business account setup to global payments and FX conversions, through a single, easy-to-use platform. Plus, get human support whenever you need it with a dedicated phone number and email for prompt assistance. No more waiting times, just complete peace of mind.

Our business account in Spain opens opportunities for many sectors

Non-Residents

Banq Global empowers non-resident directors and shareholders from over 190 countries to seamlessly open business accounts worldwide through a single application. This opens doors to create more international opportunities for your business.

Marketplaces

If you do business via online marketplaces such as Amazon, eBay, and Alibaba, you could benefit from opening a EUR merchant account in Spain. With Banq Global, you’ll have better management and control over your finances when selling online.

Alternative Investment Funds

We offer tailored financial solutions for investment managers, corporate service providers, and fund administrators, designed to cater to their industry's unique needs and intricacies.

Managing Payroll

Looking to pay employees in Spain? With a business account in Spain, you can efficiently compensate local employees in a more timely and cost-effective manner.

Pricing

Standard
International

Business Account

Suitable for:
Importers, exporters, manufacturers, professional service providers and e-commerce businesses

$100
Monthly account fee
$300
Minimum account balance
Get Started

Suitable for:
Businesses with complex structures, high-risk businesses, holding companies, family offices, and investment funds.

Bespoke
Monthly account fee
Bespoke
Minimum account balance
Get Started

How it works

Click below to see how our platform works

One registration process to open business accounts in all 20 countries.
Everything you need in one easy-to-use dashboard.
Simply inform us where you wish to open business accounts, and we'll do the rest.
Instantly receive money from your customers in their preferred currency and country.
Easily convert currencies at highly competitive foreign exchange rates.
Effortlessly send payments globally with low fees.

Setting a new standard

Traditional
Providers
Open local business accounts in 20 countries
100% online application
Manage all business accounts through one platform
Non-resident shareholders and directors accepted
Access to 100+ currencies
Preferential FX rates as low as 0.2% mark-up
Low international payment fee model
Security of client funds
Human support and quick response times
(Institutional clients only)
Get Started
Personal Client Manager

Average response time

Credit line

Up to $10m

Shareholders and directors from 190+ countries
Pay and receive money in 65+ currencies
100% online
application
100% online
application
Personal Client Manager

Average response time

Credit line

Up to $10m

Shareholders and directors from 190+ countries
Pay and receive money in 65+ currencies
100% online
application
100% online
application

Applying for your account only takes 15 minutes. Get started today.

Start with a quick application that helps us understand your business needs. Once pre-approved, our friendly onboarding team will guide you through the rest of the process of opening your business account.

1
Submit your details
2
Complete application
3
Compliance review
4
Confirmation
Get Started

Your questions, answered

Is Banq Global a bank?

Banq Global is an international business account specialist, not a bank. We partner with Financial Conduct Authority-regulated Electronic Money Institutions and your money is always held securely in segregated safeguarding bank accounts with leading providers. By law, your funds will always be kept separate from operational funds.

What makes Banq Global different from other payment providers and traditional banks?

While most providers offer a limited number of local IBANs, you will have access to 20 local business accounts in your company’s name, all from a single, easy-to-use dashboard. You will be onboarded within 24 hours of receiving the correct documentation, meaning you can spend your time on your business, not your business banking. Then, you’ll benefit from exceptionally competitive exchange rates with as low as 0.2% mark-up.

What is a local business account and how is it different from a bank account?

Local business accounts and bank accounts share common functionalities, allowing users to manage money through sending, receiving, and converting funds. However, they have distinct cost structures and payment mechanisms. Unlike conventional bank accounts with limited international capabilities and inflated charges, local business accounts are integrated with a global payment network linked to regional payment systems. In essence, a standard bank account holds funds within a specific country, but local business accounts empower customers to initiate local transactions seamlessly, regardless of their geographical location.

Who is eligible to open a business account?

We work with ambitious companies looking to take their growth to the next level. If your company has an annual turnover of at least $1 million, we’re the international partner you’re looking for.

And, since we believe that everyone has a right to access the best business accounts available, we accept company directors and those authorised to act on their behalf from over 190 countries.

Companies we can’t do business with include those subject to sanctions, trading in jurisdictions that are subject to sanctions, or that trade with other entities that might be subject to sanctions.

If you’re unsure whether you’re eligible, get in touch with us, and our knowledgeable team will be able to give you a clear, straightforward answer.

I am a non-resident director, will I be accepted to open a business account?

We celebrate the ambition of non-resident directors everywhere. That’s why we accept non-resident directors from every country except where we’re prevented by law. That’s over 190 countries.

My company is not registered in the country I need a business account in. Will I be accepted to open a business account?

Yes. Banq Global is designed for non-resident directors who need local business banking capabilities in 20 countries of choice. The onboarding process is fully online, meaning there’s no need to travel and you’ll be able to do business like a local in 20 countries from a single platform.

Which currencies does Banq Global work with? 

Your business can send and receive payments in over 130 currencies.  Popular currencies include USD, CNY, EUR, CAD, CHF and GBP. You can find the full list of supported currencies here.

If you don’t see the currency your business needs to grow, let us know, and we’ll consider how we can make it part of our offering in the future.

How is my money protected?

All client funds are held in segregated accounts with Tier-1 banks, via our FCA-regulated partners, and client money is fully safeguarded and ring-fenced.

How is my data protected?

At Banq Global, safeguarding your data is our utmost priority. We employ state-of-the-art encryption and advanced security measures to ensure the confidentiality and integrity of your information. Our robust cybersecurity protocols are designed to prevent unauthorised access, data breaches, and any form of data compromise. We adhere to strict industry standards and regulations to maintain a secure environment for your sensitive data, fostering trust and peace of mind as you engage with our services.

What is your pricing?

When you join Banq Global, you’ll pay no onboarding fee whatsoever. For our standard plan, the monthly fee is $100. We also offer bespoke plans specific to your needs. If you decide a bespoke plan is right for your business, the costs will be completely transparent, just like our standard plan.

Whichever plan you choose, you’ll have access to highly competitive foreign exchange rates with as low as 0.2% mark-up. Collecting or receiving money is free, and sending payments anywhere in the world costs just $10.