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.
Becoming a client of Open Bank, S.A. can be done in a few steps:
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.
In 2019 total assets of Open Bank, S.A. were 9 799,86 mln EUR. In 2019 the bank's net income was 1,15 mln EUR.
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.
Open Bank, S.A. is a member of Santander (Spain).
Open Bank, S.A. is headquartered in Madrid.