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A Guide to Opening a Bank Account in TenerifeOpening a bank account in Spain. What you need to take and how ling will it take? Opening a bank account in Tenerife is relatively straightforward nowadays and shouldn't take more than 10 minutes. You may want to consider what your account is for before heading off into the first bank you see. The mortgage rate and hence the savings rates are quite low on the island and so you may need to consider alternative options if you are looking for high interest accounts. Another obvious consideration may be the fact that you may need to open an account in a branch where you know they can speak English if you haven't yet mastered the Spanish language - so shop around until you can find the right branch. Other considerations may include internet banking if you want to manage your account via the internet perhaps if you return to the UK/Europe regularly. The actual opening process is very quick - we opened our first account in less than 10 minutes at our local branch of La Caixa in Las Americas way back in 1994. You will need to take with you your passport and NIE number if you have one. You can still open an account without your NIE but you won't be able to apply for a mortgage without one or at least without having put the application in process. Thats it! If you intend to open a business account - you will also need to take with you the CIF number Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHORProperty Abroad's directory Les Calvert writes interesting and useful articles on all subjects dealing with overseas property investment and buying property in Spain.
With over 400 company websites selling and renting property in almost
every country around the world Les is well placed too ffer advice on
existing and emerging property locations. Visit their flagship site
for more details on property for sale in Tenerife.
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