Money and Banks

Banco España

Banks in Spain are generally open from Monday to Friday between the hours of 8.00 to 14.00.

ATMs can be accessed at all hours of the day, though beware of entering your PIN number in an exposed cash machine.

Students do not need to open a separate Spanish account during their time in Madrid, though they may choose to if they study abroad for a year. Students with Bank of America may use Deutsche Bank and Barclays ATMs free of charge. Other banks may charge up to $5 in transaction fees.

Banks in Madrid:The addresses provided refer to the bank locations closest to the BU Madrid office at the International Institute.
Deutsche BankC/ Miguel Ángel, 9.Tel: 91.447.06.00
BarclaysPaseo de Eduarto Dato,12Tel: 91.336.16.16
SantanderC/ Miguel Ángel, 3Tel: 91.310.03.68
CitibankC/Miguel Ángel, 11Tel.: 91.319.32.38
Caixa CataluñaC/ Santa Engracia, 76Tel.: 91.593.02.76
La CaixaC/ Miguel Ángel, 33Tel.: 91.440.74
Caja MadridRafael Calvo, 31Tel: 91.391.30.08
Interchange Spain C/ Mayor, 15. Tel: 91.369.72.00

Some frequent money-related questions are answered here.