Do you need to open an account for the first time? The basic payment account

30/08/2022

If you do not have an account with any bank and you want to open an account for the first time, you may be interested in the option of the so-called basic payment account.

On this portal you can find a specific section on the "Basic payment account" in the "Current accounts, demand deposits and savings accounts" section.

It contains information on the conditions for signing up to them, such as, for example, that you are not the holder of a current account in Spain, and it also details the characteristics of these accounts, such as the fees that you can be charged, currently limited to a maximum of three euros per month, although for certain groups it is totally free.

For more information on this last aspect, i.e. who the account is aimed at, click on the link Who can open a basic payment account without fees?

And you can also use our comparison tool to compare banks’ different offers.

In case you missed it, check out the link to online and youth accounts that we published in the past and the video on the basic payment account in our Financial Universe series.