If your Spanish bank doesn’t have a digital copy of your identification on file, your bank account is likely to be blocked from the 1st May 2015.
You may have noticed the queues lengthening in the local banks recently as worried residents pop into their branches to check if they will be affected by this legislation. The deadline for banks to collect and digitalise current identification documents for all account holders is the 30th April 2015.
This is all part of the money laundering legislation Ley 10/2010 de 28 abril which was introduced back in 2010, lenders had five years in which to contact their clients and request an up to date copy of their identification documents. For company bank accounts additional paperwork is required regarding your commercial activities to prove you are not funding terrorism or money laundering.
This situation is a potential problem for any non-residents with a Spanish bank account who aren’t due to visit Spain within the next three months and read more »