Expats in Spain told to hand ID into banks

Thousands of expatriates living in Spain could see their bank accounts temporarily closed if they fail to present their bank with digital ID.

Spaniards in the Iberian country have been told to take a copy of their DNI national identity card into their bank, while foreigners must provide either their passport or residency card prior to 30 April.

A law brought into effect in 2010 gave banks five years to completely digitalise all their customers’ records.

Now, any accounts that are not in line with the new regulations will be blocked as on 1 May and will remain that way until the banks manage to successfully update their records.

Warnings have also been issued stating that if the required documents are not issued within the next three months, accounts could be difficult to recover which could, potentially, cause huge problems for a number of expatriates in Spain.

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