By Farah Mokrani • Published: 20 Sep 2025 • 16:01 • 4 minutes readSpain aligns with EU rules under its new banking regulations for 2025. Credit : An147yus, ShutterstockIf you’ve been living in Spain for a while, you’ll know that banking here already comes with its fair share of quirks. Since early 2025, euro transfers inside Spain and across much of the EU have been instant and free by law. Expats and property buyers: what to expectIf you’re about to buy a property in Spain, prepare for more paperwork than ever. The Spanish tax office will also have access to all this data, cross-checking it with your yearly declarations. Spanish banks and tax authorities can ask for proof up to five years back.