Banking in Spain is regulated by the Bank of Spain, which oversees financial institutions and ensures stability in the banking system. The country has a mix of domestic and international banks, offering services such as savings accounts, loans, and investment products. Most banks in Spain provide online banking services, making it easy for customers to manage their accounts. Additionally, ATMs are widely available, allowing for convenient cash withdrawals. Foreign residents can open bank accounts, but they may need to provide identification and proof of residency.