Exchange Currency and Banks in Spain
If you are planning to learn Spanish, you need to know a few things about the banks in Spain
You’ll obviously need cash during your time in Madrid and it would be wise to take the following into account before your trip to Spain:
- Your bank at home may have partner banks in Spain that will provide you with cash without charging a fee. If you are with a big bank in your country, they may have branches in Spain. For example, Citibank, Chase, HSBC, ING, Barclay’s o Deutsche Bank all have lots of branches in Spain.
- Check with your bank to find out if they can offer you free cash abroad.
- Depending on how long you’ll be staying in Madrid (and on the service your bank is able to offer abroad) it may make sense to open a bank account here in Spain.
- Some banks will charge you a small fee or require you to put some money (no more than 50 euros) into your account in order to open it.