Opening a basic payment bank account
Basic accounts in Spain are provided free of charge. You don’t need to purchase other services from us to have a Basic account. In Spain, this is called a basic payment account (cuenta de pago básica).
You can open a Basic account if:
You legally reside in the European Union, including if you don’t have a fixed address
You’re an asylum seeker
You don’t have a residence permit, but your expulsion is impossible for legal or factual reasons
You don’t already have another payment account in Spain that lets you use the same core services, unless that account is closing
What’s included:
Monzo debit card and IBAN
Standing Orders
Pots to set money aside
Unlimited free ATM withdrawals
Unlimited free card replacements
What’s not included:
Joint accounts
Business accounts
If you want access to products that aren’t available on a Basic account, you’ll need to upgrade to a regular Spain Personal Account. To upgrade, you’ll need to self-declare Spain tax residency and provide a Spanish tax identifier (NIF).
How to open a Basic account
Download and open the Monzo app.
Start signing up and follow the steps in the app.
If you’re eligible, we’ll open a Basic account for you and show this in your account details.
