Freenance for Spanish Users 2026 — PFM App with BBVA, Santander, CaixaBank Sync and IRPF Savings Tax Tracking

Freenance for Spanish Users 2026 — A PFM App That Speaks BBVA, Santander and CaixaBank

Spain has one of the most concentrated retail banking markets in the EU. Three banks — BBVA, Santander, and CaixaBank — hold roughly two-thirds of household deposits. Add the merger of BBVA and Sabadell announced in 2024, the continuing growth of MyInvestor and Revolut Iberia, and the explosive 2024-2026 growth of Indexa Capital and Finizens robo-advisors, and the picture becomes more complex than headline numbers suggest.

The typical madrileño or catalán household in 2026 holds a cuenta corriente at one of the big banks, a high-yield neobank account at MyInvestor or Trade Republic, a DEGIRO Iberia broker account, a Plan de Pensiones, and possibly a Plan de Pensiones de Empleo via the employer. Freenance is the PFM app many Spanish users now use to keep all of that in one screen.

Why Spanish Banking Concentration Hides Real Fragmentation

The Big-Bank Surface, the Multi-App Reality

Most Spanish residents still keep their nómina at one of the big four:

• BBVA
• CaixaBank
• Banco Santander
• Banco Sabadell (in the process of being absorbed by BBVA)
• Bankinter (smaller but premium-positioned)

But below this surface, Spanish households increasingly hold:

• MyInvestor (online bank from Andbank) with high-yield savings and ETFs
• Openbank (Santander digital arm)
• Imagin (CaixaBank digital arm targeting under-30s)
• Revolut Iberia with Spanish IBAN
• N26 with Spanish IBAN
• Trade Republic for share dealing
• DEGIRO Iberia (Flatex Bank N.V., Spanish IBAN)
• Indexa Capital for managed indexed portfolios
• Finizens for indexed Plan de Pensiones
• Bit2Me or Binance for crypto

The median Spanish household in 2026 holds 4-7 financial relationships. Aggregation matters.

PSD2 in Spain: Bank of Spain Oversight

The Banco de España and the CNMV jointly supervise PSD2 access in Spain. Every Spanish bank operates a regulated XS2A interface that licensed AISPs can query with explicit user consent. Freenance connects to:

• BBVA
• Banco Santander and Openbank
• CaixaBank and Imagin
• Banco Sabadell
• Bankinter
• Unicaja
• Ibercaja
• Kutxabank
• Abanca
• MyInvestor
• EVO Banco
• Revolut Iberia
• N26

For brokerage data outside PSD2 (DEGIRO Iberia, Trade Republic, Interactive Brokers, MyInvestor brokerage), Freenance ingests structured CSV exports. Many Spanish users find this is the first time they have seen BBVA, MyInvestor, and Trade Republic in one screen.

IRPF Savings Tax: How Capital Income Is Taxed in 2026

The Spanish Savings Tax Rate Schedule

Capital income in Spain — dividends, interest, capital gains — falls under the base imponible del ahorro of IRPF, with a progressive schedule:

• 19% on the first 6,000 EUR
• 21% on the band 6,000-50,000 EUR
• 23% on the band 50,000-200,000 EUR
• 27% on the band 200,000-300,000 EUR
• 28% above 300,000 EUR

Salary income (rendimientos del trabajo) is taxed separately under the base general at higher rates (up to 47-54% depending on the Autonomous Community).

Why the Savings Tax Bands Matter

A Spanish investor with 60,000 EUR of realized capital gains in 2026 will pay:

• 6,000 × 19% = 1,140 EUR
• 44,000 × 21% = 9,240 EUR
• 10,000 × 23% = 2,300 EUR
• Total: 12,680 EUR (effective rate ~21.1%)

Realizing 5,000 EUR more might cost the household at the 23% band, not 21%. Knowing where you stand within the band schedule changes how Spanish investors think about year-end harvesting.

Freenance tags each transaction with the asset class and shows realized vs unrealized gains separately, so users can see exactly how much of the 19%, 21%, or 23% band they have already consumed. Many Spanish users find this is the most useful visualization in the app for tax-aware investing.

Form 720: Foreign Asset Declaration

Spanish residents holding more than 50,000 EUR in foreign accounts, securities, or real estate must declare them on Modelo 720 every March 31. Although the European Court of Justice struck down the most punitive aspects of the regime in 2022, the declaration obligation itself remains and non-filing triggers fines.

Many Spanish users hold DEGIRO Iberia (technically a Flatex Bank N.V. account in the Netherlands), Interactive Brokers (Ireland), or Trade Republic (Germany). Freenance maintains a per-account ledger of jurisdiction and IBAN country code so users have a clean list to copy onto Modelo 720.

Plus: Wealth Tax (Impuesto sobre el Patrimonio)

Most Autonomous Communities apply the Impuesto sobre el Patrimonio on residents with net wealth above 700,000 EUR (state minimum), with rates 0.2-3.5% depending on the region. Madrid has a 100% subsidy (effective 0%), while Andalucía, Galicia, and others have introduced similar relief. Catalonia, Valencia, and Aragón still levy the tax.

Freenance shows the running total of declarable wealth, so users in Catalonia or Valencia know whether they need to file Modelo 714.

Plan de Pensiones and Plan de Pensiones de Empleo

Individual Plan de Pensiones

A Plan de Pensiones is a tax-deductible retirement vehicle. Contributions reduce taxable income in the year they are made, up to 1,500 EUR per year (lowered from 2,000 EUR in 2022, and from 8,000 EUR before 2021). Withdrawals at retirement are taxed as labour income (rendimientos del trabajo) at the marginal rate.

The 1,500 EUR ceiling has made individual Plan de Pensiones less attractive than they were a decade ago. Many Spanish savers now use:

• Indexed Plan de Pensiones at Indexa Capital, Finizens, or Renta 4 Gestora
• ETFs in a CTO (brokerage account) for tax-efficient long-term growth
• Fondos de inversión via traspasos (which defer capital gains)

Plan de Pensiones de Empleo (Pillar 2)

The big change in 2023 was the launch of the Plan de Pensiones de Empleo Simplificado, a new employer-sponsored vehicle with a contribution ceiling of 8,500 EUR per year (employer + employee combined). This is now the most tax-efficient long-term saving vehicle for Spanish employees whose employers offer it.

Freenance lets users track both individual and employer Plan de Pensiones balances, with contribution tracking against the respective ceilings (1,500 EUR individual, 8,500 EUR employee Plan de Pensiones de Empleo).

Beckham Regime (Régimen de Impatriados)

Spain offers the Beckham regime (Ley 35/2006, Article 93) to qualifying foreign workers relocating to Spain. For up to 6 years, the worker pays a flat 24% IRPF on the first 600,000 EUR of Spanish-source labour income (47% above), and — crucially — pays no Spanish tax on most foreign-source income (foreign dividends, foreign rental income, foreign capital gains on non-Spanish assets).

Many tech workers relocating to Madrid or Barcelona qualify. Freenance flags accounts and income streams as Spanish-source vs foreign-source so Beckham-regime users can see at a glance what is taxable and what is not. Many Spanish users find this tagging useful when preparing Modelo 151 (the Beckham regime declaration).

DEGIRO Iberia, Trade Republic, and the Spanish Investor Stack

DEGIRO Iberia

DEGIRO operates in Spain under Flatex Bank N.V., with a Spanish IBAN and Spanish-language interface. It does not withhold Spanish IRPF on dividends or gains — the user must declare them via Modelo 100. This makes DEGIRO popular with cost-sensitive Spanish investors but adds reporting complexity.

Freenance imports DEGIRO Account Statement CSV files and tags each dividend with its source country so users can apply the appropriate withholding tax credit.

Trade Republic

Trade Republic entered Spain in 2022 and grew rapidly. It pays interest on cash balances (currently 2.0-3.0%) and offers commission-free share dealing. As a German broker, it withholds 19% Spanish IRPF on dividends paid into a Spanish-resident account, which simplifies declaration.

MyInvestor

MyInvestor (Andbank Spain) is positioned as a high-yield neobank with brokerage and a managed Plan de Pensiones offering. It is the fastest-growing Spanish-domiciled investment platform of 2024-2026. Freenance supports MyInvestor CSV imports.

How Spanish Users Typically Use Freenance

Persona 1: The Madrid Tech Worker

Lucía, 30, works as a data scientist for a Madrid-based fintech. She earns 62,000 EUR gross. Her nómina lands at BBVA, she saves at MyInvestor (3.0% remunerated cuenta), invests via DEGIRO Iberia and Trade Republic, and contributes 100 EUR/month to a Finizens indexed Plan de Pensiones.

She uses Freenance to:

• Track total net worth across BBVA, MyInvestor, DEGIRO, and Trade Republic
• Monitor her IRPF savings tax band utilization (still in the 19% band)
• Track her Plan de Pensiones contributions against the 1,500 EUR annual ceiling
• Estimate her Modelo 720 reporting threshold (DEGIRO + Trade Republic combined)

Persona 2: The Barcelona Autónomo

Marc, 42, is an autónomo software developer. He bills around 75,000 EUR per year. His business and personal flows go through Banco Sabadell (soon BBVA), his investments at DEGIRO Iberia, his Plan de Pensiones at Indexa Capital, and he runs a separate cuenta at MyInvestor for tax savings.

He uses Freenance to:

• Separate business invoicing flows from personal expenses
• Track quarterly IRPF and IVA obligations against revenue (Modelo 130, Modelo 303)
• Monitor wealth tax exposure (Catalonia levies the impuesto sobre el patrimonio)
• Project retirement runway combining Plan de Pensiones + DEGIRO + projected state pension

Persona 3: The Valencia Beckham-Regime Expat

Sebastian and Maria relocated from Munich to Valencia on Sebastian's Beckham regime in 2024. He earns 110,000 EUR gross in Spain, taxed at the flat 24% Beckham rate. They still hold a Sparkasse account in Germany with 25,000 EUR and a Trade Republic depot.

They use Freenance to:

• Display total household net worth in EUR with the Sparkasse balance via PSD2
• Separate Spanish-source from foreign-source income for Beckham regime declaration
• Track the 6-year Beckham window expiry (2030) so they can plan a return to ordinary IRPF
• Monitor Modelo 720 reporting threshold for German bank and Trade Republic balances

Compliance and Data Protection

Spanish users are increasingly conscious of data residency, especially under the AEPD (Spanish Data Protection Agency). Freenance addresses this directly:

• PSD2 access delegated to certified AISP infrastructure regulated under EU PSD2
• Data storage in EU-only data centres (Frankfurt and Warsaw)
• No credentials stored: read-only consent tokens, refreshed every 90 or 180 days per PSD2 SCA rules
• Full data export in CSV and JSON under GDPR Article 20
• AEPD-compliant privacy notices in Spanish

Many Spanish users find this regulatory clarity is what distinguishes Freenance from US-based apps.

Multi-Currency for the Cross-Border Spanish Household

Many Spanish households have cross-border exposure:

• Latin American expats with USD, MXN, ARS, or COP balances at home
• UK retirees with GBP pension income
• French and Portuguese cross-border workers
• Beckham regime tech workers from Germany, the US, or India

Freenance is EUR-native but displays multi-currency balances with daily ECB rates. The net worth tile supports EUR, USD, GBP, and other currencies — useful for households with international family or income streams.

Sign up for Freenance

If you live in Spain and hold more than three financial institutions in your household — and most do once you count BBVA, MyInvestor, Trade Republic, and a Plan de Pensiones — Freenance gives you one view across all of them, plus the IRPF savings tax band visibility that makes year-end planning meaningful. Sign up for Freenance today.

How Freenance Compares to Fintonic, Goin, and Excel

Fintonic

Fintonic is the historical Spanish PFM aggregator. Coverage is good for budgeting, but its investment tracking is shallow and it does not handle the IRPF savings tax band schedule or Modelo 720 preparation.

Goin

Goin is a Spanish app focused on micro-saving and round-ups. Useful for behavioural saving, not for wealth tracking.

Excel and Numbers

Many Spanish autónomos maintain a spreadsheet for IVA and IRPF. It works for invoicing but breaks down for multi-broker investment tracking.

Many Spanish users find Freenance fills the gap: PSD2 coverage plus IRPF band visibility plus Modelo 720 preparation plus Plan de Pensiones tracking in one product.

Frequently Asked Questions

Does Freenance work with the merged BBVA-Sabadell entity?

Yes. During the merger transition, customers retain their existing IBANs and bank codes. Freenance supports both legacy Banco Sabadell and BBVA connections via PSD2. When IBANs migrate after the operational merger, Freenance updates the connection seamlessly.

Will Freenance file my Declaración de la Renta?

No. Freenance is a data and analytics platform, not a tax preparation service. It surfaces dividend, interest, and capital gains data in a structured format that many users find useful when preparing Modelo 100 themselves or providing it to a gestoría.

Can I track my Plan de Pensiones de Empleo?

Yes. Most employer Plan de Pensiones de Empleo do not yet offer PSD2-style APIs, so users enter the current balance and monthly contribution manually. Freenance projects the future payout and tracks contributions against the 8,500 EUR annual ceiling.

Does Freenance handle Beckham regime tagging?

Yes. Each account and income stream can be tagged as Spanish-source or foreign-source. Many users on the Beckham regime find this is the cleanest way to prepare Modelo 151 and to anticipate the rolloff at year 6.

Is my data stored in Spain?

Freenance stores user data in EU data centres (Frankfurt and Warsaw). No financial data leaves the EU. The privacy policy details data residency and AEPD compliance.

Sign up for Freenance

Spanish personal finance involves four big banks, three neobanks, two brokers, a Plan de Pensiones, and a wealth tax declaration. Freenance is the simplest way to keep it all in one screen. Sign up for Freenance and connect your first Spanish bank in under five minutes.

Further Reading

• Freenance for expats — the cross-border household guide
• Freenance for investors — multi-broker portfolio aggregation
• Freenance for FIRE seekers — the ultimate financial independence tracker

Sign up for Freenance

The Spanish savings tax band schedule rewards careful planning. Knowing exactly where you sit on 19%, 21%, or 23% changes year-end decisions. Sign up for Freenance today.