Did you know all the Banco Santander account open requirements secrets? What do you need to open an account at Banco Santander? Requirements, documentation and how to avoid commissions.

Banco Santander is one of the best options available to you to open an account.

It is one of the main banking companies worldwide, and in Spain it has a network of 7,000 cash machines, which greatly facilitates the procedures to be carried out by the user.

To open an account at Banco Santander you need to submit the required documentation, something that changes depending on the account time you want.

In any case, your ID and phone number are always essential. In addition, if you prefer to avoid paying commissions, you will have to meet certain requirements.

Banco Santander account open requirements

You can open an account with Santander online or at one of the company's bank branches.

Below, everything you need to know to open each type of Banco Santander account is detailed.

This is the main account of Banco Santander, and therefore it is also the one with the most demands in certain aspects.

To hire it, it is necessary to provide your ID, phone number, proof of income (for example, payroll or pension) and an account number of another bank in which you are the holder.

This account will mean the payment of an annual commission of 240 euros if you do not meet certain requirements. This is what you need to gather in order not to:

-Direct debit a payroll of at least six hundred euros per month or a pension of three hundred euros per month. It also serves the payment of self-employed Social Security.
-Direct debit at least three receipts that have been paid in the previous 3 months or use a minimum of six times any of the cards provided by the bank.
-You will also not pay commissions if you have Banco Santander shares worth 1,000 euros or more.

In addition, if you maintain a balance in pension plans, investment funds or savings insurance of between 5,000 euros and 25,000 euros you will pay a reduced commission of 120 euros per year even if you do not meet the above conditions.

Banco Santander account open requirements checklist

You can create this account by going to the Banco Santander website and clicking on the Join One option. It is the fastest and most convenient way for this process.

Banco Santander Online Account

The Santander Online Account is the most interesting alternative if you do not meet the conditions to have a Santander One Account.

It is a 100% digital account that has no commissions, and it is not necessary to fulfil any requirement to get rid of these surcharges.

In addition, it offers a Santander One debit card with no issuance or maintenance fees.

Of course, it is an exclusive product for new customers.

You can open it in this section of the Santander website, by clicking on the option Become a customer. You will have to provide your ID and phone number.

Banco Santander account open requirements types

Santander account for young people

This product is called a Smart Account and is available for people between the ages of 18 and 31.

The main advantage is that it has no commissions, and it is not necessary to meet specific requirements for this.

It also offers a free debit card, as well as discounts on concerts, trips, and adventures. All transfers in euros are free of charge.

You can request it in this section of the website, providing your ID and phone number.