Financial Matters in Spain

Think of all the monetary concerns for someone moving to Spain. Does Spain have ATMs and what kinds of charges are there? How might I file my income taxes from abroad? Can I get a Spanish bank account? Are they on the peseta or the Euro? Just how much money am I going to have to make to live? We've tried to gather the answers to those questions and more.

See all 9 guides

Highlights

"Income taxes in Spain should be paid between May 1 and June 30 for the previous year’s income."
- Taxes in Spain

"But what might happen if the worst were to pass: the collapse of the Euro and a return to the peseta?"
- Spain Returns to the Peseta

"The expensive leg is converting your original currency into euros in the first place."
- Currency Exchange and Solutions for Expats

"Spanish income tax rates typically run higher than US rates once you add the regional scale, which is why the Foreign Tax Credit often beats the Foreign Earned Income Exclusion for people living in Spain."
- Filing Taxes as a US Expat in Spain

"In Spain, the average costs of buying, with a mortgage equal, are circa 10% of the purchase price."
- Spain, So Just How Much Are We Talking About?

"BDO's Eric Jové reported in June 2026 that more Modelo 149 filings were being refused almost automatically, particularly in Andalucía."
- Beckham Law Spain 2026: Who Qualifies and Modelo 149 Filing

"Only the entrepreneur and startup or R&D routes let you earn business income in Spain under the regime."
- Beckham Law Routes: Choosing Employee, Director or Founder