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Direct Accounts

Direct Accounts ("Cuentas Directas") are a service created by the Bank of Spain and the Treasury in order to make investment in Treasury Securities easier for individuals.
Direct Accounts constitute a way of investing in Treasury Securities which allows investors to bypass intermediaries in the subscription and custody of Treasury Securities, with the ensuing reduction in transaction costs.
Any investor resident in Spain, be it a private individual or firm, may open a Direct Account at the Bank of Spain. There is no minimum investment required to have access to Direct Accounts. It is sufficient to acquire one Obligación or Bono del Estado or a Letra del Tesoro (an investment of around EUR1,000).
Offices of the Bank of Spain