Tips on Corporate Banking in Spain

Starting a Business in Spain - Corporate Banking

If you're frequently outside Spain, then you're going to need a good online banking service. La Caixa probably has the best online banking, and is available in the major European languages. Bankinter is designed for internet banking. Note that the Bank of Spain requires your signature to clear an incoming transfer of over 12,500 euros, so make sure you either work near a branch office or that your bank accepts a signature by fax. Some bank branches focus on companies; others focus on personal banking. Finding someone knowledgeable in the branch you choose can make all the difference in whether that money you've wired to your Spanish account arrives quickly and smoothly or gets tied up for weeks.

Checks are not used often in Spain. Bank transfers are easy. If you charge clients on a periodic basis, ask your bank for software to do this automatically.

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