What is the best way to bring money to Spain from the USA?

Last Updated on April 17, 2026 by Bruno Bianchi

Question

What is the best way to bring money to Spain from the USA? We will be coming to Spain to open a bank account but will not return to the USA after.

Answers

These are the answers of some Facebook group members:

First answer: “Use WISE we purchased our house using their transfer system and saved a fortune on exchange rates plus bank charges. Best to contact them online and discuss with them.”

Second answer: “Wise“

Third answer: “I’ve found Wise to be pretty good for normal transfers. Had a frustrating issue with larger amount for a purchase, but I still use them. My bank in Spain allows accounts with passport only. If you are in Barcelona area I’m happy to connect via DM”

Fourth answer: “You should be able to open a non-resident account with your passport. But the maximum cash deposit is €2,500.”

Fifth answer: “Spain is a modern grown-up country. If you can prove its providence, it can happen electronically. If you can’t prove where it came from, you have a problem.”

Sixth answer: “You should be able to open a non-resident account with your passport. But the maximum cash you can take with you without being interrogated is usually EUR 9999”

Seventh anser: “Use Wise, you can set up a dollar account then transfer from U.S. bank to Wise, then to any other currency you may need later.”

Eighth answer: “You can take out of the USA as much cash as you want BUT if it is more than $10,000, you will need to report it to CBP. plus also need to prove to the Spanish bank where the money came from ie sale of a property. You must prove the money is Kosher and not illegally obtained or part of money laundering.”

Related reads:

• First-hand experience: Opening a non-resident Spanish bank account with only a passport
• Is it possible to open a Spanish bank account without an NIE number?
• Can I open a Spanish bank account without payslips?
• Do you have any recommendations for reputable money transfer companies that offer good exchange rates?

In conclusion, it is possible to open a bank account in Spain using a passport, however, it is best to check with your specific bank for their requirements. It is also suggested to use a currency exchange broker such as TorFX or Wise to transfer money and save on exchange rates and bank charges. It’s important to keep in mind that it might be necessary to prove the source of the money, and that some banks may require a NIE or residence papers.

Bruno Bianchi CEO & Spain Immigration Expert

Bruno Bianchi is the founder and CEO of Spainguru, Spain's largest expat immigration community with 150,000+ members. Since 2014 he has helped thousands of people relocate to Spain through expert guides, webinars and vetted professional services covering visas, residency, taxes and life in Spain.

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