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Self Bank (Selfbank by Singular Bank) review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Selfbank, the savings account from Singular Bank, suits savers in Spain who want easy access to their money and a monthly fee of €0. The variable rate of 1% to 1.5% is modest, and savings sit under the EU deposit guarantee of EU DGS up to EUR 100,000.

Key facts

Best for
Spanish savers who want an easy-access euro account paying interest with a €0 monthly fee.
Monthly fee
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Currency conversion fee
2%↗
Transfer fee
National and euro zone ordinary and instant transfers from personal accounts are free; non-SEPA or other-currency transfers cost 0.10%, minimum 10 EUR, maximum 200 EUR↗
Legal entity
Singular Bank, S.A.U.↗
Headquarters
Spain↗
Founded
2009↗
Support channels
Email, Phone, Help-centre↗
Pricing model
No monthly fee
Features
Free ATM withdrawals
Official website
selfbank.es

Savings

Headline rate
1% to 1.5%↗
Rate type
Variable↗
Minimum deposit
€0↗
Access terms
Total availability of funds, interest credited monthly on the 3rd business day↗
Account kind
Easy access↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Elsewhere
WikidataXLinkedInyoutube.comt.me

Pros and cons

Pros

  • The monthly fee is €0 on both the savings account and the everyday account.
  • EU deposit guarantee of EU DGS up to EUR 100,000 covers the savings, and the bank is licensed by Banco de España.
  • Interest is credited monthly with total availability of funds, so the balance stays reachable.
  • Help is available by email, phone and help centre.

Cons

  • Currency conversion costs 2%, above the 0.5% site median and the 0% charged by AXI Card.
  • The variable rate of 1% to 1.5% sits under the 3% site median for headline rates.
  • Non-SEPA and other-currency transfers are charged a percentage of the amount, with a minimum and a maximum.

Ready to try Self Bank (Selfbank by Singular Bank)?

Scored 8.9 / 10 by VaultCue.

See alternatives

Who it suits

  • Spanish residents saving in euros who want easy access, with an easy access account and a €0 monthly fee.
  • People who want a named bank behind the money, since support runs on email, phone and help centre.
  • Anyone building a small euro buffer, because the minimum deposit is €0.

Who should look elsewhere

  • Regular converters: AXI Card converts at 0% against 2% here, so currency use carries more cost.
  • Traders and frequent travellers: XTB converts at 0.5%, well below 2%, so cross-border use costs less there.

Deposit protection

Deposits are covered by the EU deposit guarantee, EU DGS up to EUR 100,000. The account belongs to a licensed Spanish bank supervised by Banco de España under licence 1490, which is what places savings inside that guarantee rather than an investment wrapper. The group also appears as a linked insurance operator with the Direccion General de Seguros, OV0091.

How Self Bank (Selfbank by Singular Bank) compares

Where Self Bank (Selfbank by Singular Bank) is available

Available
Spain
Licence in Spain
Banco de España (1490), checked September 26, 2026
Licence in Spain
CNMV, checked September 26, 2026
Licence in Spain
Direccion General de Seguros (linked insurance operator) (OV0091), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to hold the account?+

The monthly fee is €0, and the account is set up as no monthly fee. The minimum deposit is €0, so there is no threshold to clear before the account works, and interest is credited monthly once money is in.

How much interest will I earn, and can the rate change?+

The rate is 1% to 1.5% and it is variable, so it can move with the wider market rather than being locked in. That sits under the 3% site median for headline rates, which matters if you are shopping mainly for return.

Can I get at my money whenever I want?+

It is an easy access account with total availability of funds, so withdrawals and transfers are not held for a term. Interest is credited to the account monthly, which keeps the earning cycle short for anyone treating the balance as an accessible pot.

Is my money protected if the bank fails?+

Savings sit under the EU deposit guarantee, EU DGS up to EUR 100,000. The account belongs to a licensed Spanish bank supervised by Banco de España, licence 1490, so the guarantee covers bank deposits rather than investments. It is also listed as a linked insurance operator with the Direccion General de Seguros, OV0091.

What does it cost to convert currency?+

Conversion is charged at 2%, above the 0.5% site median, which places the brand around 214 out of 312 on this measure. Anyone living and spending in euros never triggers it, while travellers and freelancers paid in other currencies feel it quickly.

Is there a minimum deposit?+

The minimum deposit is €0, so you can open and use the account from the first euro. Interest accrues on the balance held and is paid monthly, which makes it easy to test the account with a small amount before committing more.

How do I get help if something goes wrong?+

Support runs on email, phone and help centre, so the bank is reachable by email, by phone and through the help centre. With a Banco de España licence, 1490, questions about transfers, interest and the deposit guarantee go to the institution that holds the money.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Currencies.

Self Bank (Selfbank by Singular Bank)

Spanish savers who want an easy-access euro account paying interest with a €0 monthly fee.

8.9/10See alternatives