Open Bank, S.A.

Business Focus
direct retail banking

Established in 1994, Open Bank was the first bank in Spain offering telephone and Internet banking and thus significantly reducing costs of the daily operations. In 1999 Open Bank became first Spanish online broker that allows real-time operation in both domestic and international markets. In 2019 Open Bank started its international expansion: the bank launched its services in Germany, the Netherlands and Portugal. Open Bank is a member of Santander Group.

Services

retail banking

Clients

natural persons

Area Served

ESSpain
DEGermany
NLNetherlands
PTPortugal

Products

current accounts
salary accounts
debit cards
credit cards
prepaid cards
virtual cards
savings accounts
time deposit accounts
investment funds
consumer loans
mortgage loans
insurance

Account Currencies

EUEUR (Euro)

Card Providers

VisaMasterCard

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of Open Bank, S.A. can be done in a few steps:

1.
Completely online
2.
Account is ready within a few minutes

Open Bank, S.A. performs client's identity verification via one of the following methods: video call, bank account. Account opening procedure is usually completed within a few minutes.

Ways to Bank

Open Bank, S.A. delivers its products and services via direct (online) channels only, namely:
online banking
mobile app

Financials

Total Assets of Open Bank, S.A.
Net_income of Open Bank, S.A.
Total Assets (2018)
8,596.09 mln EUR  (+17.16%)
Net Income (2018)
10.34 mln EUR  (+595.03%)

In 2018 total assets of Open Bank, S.A. were 8 596,09 mln EUR. In 2018 the bank's net income was 10,34 mln EUR.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Fondo de Garantía de Depósitos de Entidades de Crédito (FGD)
Covered Depositors
natural persons
legal entities
Covered Accounts
credit balances on accounts

Open Bank, S.A. participates in the deposit guarantee scheme of Spain. This deposit guarantee scheme applies to credit balances on accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Open Bank, S.A. is a member of Fondo de Garantía de Depósitos de Entidades de Crédito (FGD) and makes its contributions into it.

Member of Group

 Santander (Spain)

Open Bank, S.A. is a member of Santander (Spain).

Contacts

Ps de la Castellana, 24, 28046, Madrid, Spain
0913421000
0913421043
Website Languages
ESSpanish
DEGerman
PTPortuguese
GBEnglish

Open Bank, S.A. is headquartered in Madrid.

Bank Identifiers

BIC (SWIFT)
OPENESMM
Bank Sort Code
0073
LEI
95980020140006024944
Company Number
A28021079
MFI ID
ES0073

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See Also

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