OPENBANK- Open Current Account
| 1/6 | This number is indicative of the risk of the product, being 1/6 indicative on lower risk and 6/6 of higher risk. | Entity attached to the Spanish Deposit Guarantee Fund. The fund guarantees deposits on money up to 100.000€ per owner and entity. |
Join OpenBank by Santander and enjoy the new Open Account: Manage your money, set up direct debits and access our full range of products.
MAIN FEATURES:
- Current Account
- No fees /commissions
- No paycheck required
- Free Debit Card
- 100% online
- Customer Service in English
- Conditions: Online application and use of digital channel (ex. App, web)
EXTRA FEATURES:
- No management or maintenance fees.
- Free to open, maintain or close the account.
- Open an account and get a debit card for free if you are the main holder.
- Add your Openbank cards to your mobile or smart watch and pay at any contactless reader.
- No issue or maintenance fee for the debit card.
- Free transfers in € within Spain and the EU.
- No paycheck. You do not need to have your paycheck paid in to enjoy the benefits.
- No permanency
- Invite up to 4 co-holders or authorised users with whom you want to share your account.
- With the Openbanking® Financial Aggregator, you can add your accounts at other banks to keep an eye on them all at once at Openbank.
- Total security for your cards with Card Control. You can turn your cards on and off at any time or limit their use at ATMs, online shopping and by location.
- You control the devices you use to access your account and choose whether you want to block or log out of them.
BASICS
Account type | Current Account – Personal |
Customer Service in English | Yes |
Fees | 0€/month |
Currency | Euro |
Credit/Debit Card | Free Debit Card |
Online Management | Yes |
ATM withdrawals | No fees for debit card cash withdrawals at more than 7,500 Banco Santander ATMs in Spain |
International ATM withdrawals | 4.5%, minimum 3.50€ (Outside the EU) |
ATMs | 7.500 ATMs available |
RATES AND FEES
Maintenance fee | Free |
Management fee | Free |
Foreign transaction Fee in Eurozone | Free |
REQUIREMENTS
Contract method | Online |
Minimum age | 18 |
Required documentation | NIE/Passport |
Commitments | To be over 18 years of age |
Openbank is an online bank, headquartered in Madrid, Spain. Since its foundation in 1995, it has been a subsidiary of Grupo Santander. They claim to be Europe’s largest digital bank and work to be one of the best in the world.
Backed by the Santander Group: €1,5 Trillion in total assets in 2019.
Openbank offers a 24×7 service to all its customers. This allows them to be in permanent contact with the branch, by telephone, email or chat.
In addition, it allows them to deposit or withdraw cash, commission-free, at more than 4,500 ATMs in the Santander network in Spain.
Open Wealth has been created as its new investment platform. With this platform customers can invest, in real time from a computer or mobile phone, in more than twenty-five markets available to them through the professional trading tool.
The bank also offers a family plan, Open Young, which has a prepaid card for use by children who can even request payment from their own app.
It also has a function that allows customers to activate or deactivate their cards whenever they want, from anywhere, or to defer payments from their mobile.
In addition, Open Mortgage customers can obtain a mortgage with a nominal interest rate of Euribor + 0.99%.
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