There are many different types of financial institution and it is worth understanding their main features and the differences between them.
Other entities exist that are supervised by other organisations such as the Directorate-General for Insurance and Pension Funds (responsible for insurance companies and pension funds) and the National Securities Market Commission (supervising investment services firms). However, these are not discussed here.
What does a financial institution need in order to operate?
Institutions supervised by the Banco de España and registered with it, particularly credit institutions, need official authorisation to operate.
Institutions that can take deposits from the public: monetary financial institutions
As only credit institutions are allowed to take deposits, it is worth knowing which institutions you can open an account or make a deposit with.
Types of institutions supervised by the Banco de España
FREQUENTLY ASKED QUESTIONS
Is the money in a deposit account or time deposit safe if the bank goes bankrupt?Read answerabout
Is the money in a deposit account or time deposit safe if the bank goes bankrupt?
Are all lenders supervised by the Banco de España?Read answerabout
Are all lenders supervised by the Banco de España?