Spanish IBAN providers (local ES IBANs)
6 verified providers with documented local ES IBAN issuance (5 European-origin), ranked European-origin first. Local IBANs are the practical answer to IBAN discrimination.
6 providers issuing ES IBANs
Local IBANs: ES
Cecabank (Madrid, Spain) - wholesale bank offering BaaS to FIs, fintechs and corporates: payments, securities services, treasury and digital solutions; a settlement/agency bank enabling fintech payments and IBANs.
Local IBANs: ES GB BE
EMI FCA (Ebury Partners UK) + Ebury Partners Belgium (EEA) + Spain branch (Bank of Spain reg 6889); own-IBAN accounts; majority Santander.
Local IBANs: ES
Pecunpay (Pecunia Cards EDE SL, Spain; est. 2015) - card issuing and BIN sponsorship; Visa/Mastercard and the first Spanish issuer of UnionPay cards. Spanish EMI (Banco de Espana). First EMI with direct access to the Spanish payment system (Iberpay) and its own IBAN codes.
Local IBANs: FR DE ES IT NL BE
Swan (France) - embedded banking, accounts and card issuing; Mastercard Principal Member sponsoring embedded card programmes. EMI, ACPR (ref 86245).
Local IBANs: ES
Unnax (Unnax Regulatory Services EDE SL, Spain) - triple AISP/PISP/EMI licence with Spanish IBANs; part of Powens. EMI, Bank of Spain (reg 6719).
Local IBANs: GB NL ES FR IE
Modulr (UK + Netherlands) - payments and accounts-as-a-service; EMI FCA (UK) + EMI DNB (Netherlands), passported across the EEA, with branches in IE/ES/FR.
FAQ
Why do I need a local ES IBAN in Spain?
Employers, billers and direct-debit originators in Spain sometimes reject foreign IBANs - so-called IBAN discrimination - even though SEPA rules forbid it. An account with a native ES country code removes that friction for salaries, direct debits and recurring payments.
Can a provider from another country issue Spanish IBANs?
Yes. What matters is the IBAN country code the provider can technically issue, not where its headquarters sit. Every provider on this page has documented ES IBAN issuance - some are domestic institutions, others EEA-passported EMIs or banks issuing ES IBANs cross-border.
Bank or EMI for a Spanish IBAN - does it matter?
With a bank your balance is a deposit covered by a deposit guarantee scheme (up to EUR 100,000). With an EMI or payment institution the funds are safeguarded - segregated at a credit institution - but not deposit-guaranteed. The licence badge on each card shows which regime applies.