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. Open Bank is a member of Santander Group.
Account opening procedure is usually completed within a few minutes.
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.
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.