Openbank Review
Comprehensive review and analysis of Openbank's digital banking services
Quick Facts
- Founded
- 1995
- Head Office
- Spain
- Active Customers
- 1.5+ million
- Total Funding
- Santander Group subsidiary
- Employees
- 600+
- App Store Rating
- 4.5/5
Pros & Cons
Pros
- Santander Group backing
- Comprehensive investment platform
- Competitive mortgage rates
- Advanced security features
- Multi-currency accounts
- Robo-advisor service
Cons
- Limited availability outside Spain
- Some features require premium
- Complex fee structure
- Limited crypto services
Supported Countries
- Spain
- Netherlands
- Portugal
- Germany
Fees
- Basic Account Free
- Premium Account €8/month
- Investment Platform From 0.20% annually
- Foreign Transactions Free with Premium
- Robo-advisor 0.55% annually
Overview
Openbank, established in 1995 as part of the Santander Group, has evolved into a leading digital bank combining traditional banking stability with modern innovation. Their platform offers comprehensive banking, investment, and mortgage services with the security of a major banking group.
Key Features
Banking Services
- Current accounts
- Savings accounts
- Multi-currency accounts
- Mortgages
- Personal loans
- Credit cards
Investment Platform
- Stock trading
- ETF investments
- Mutual funds
- Robo-advisor
- Investment advisory
- Portfolio management
Digital Features
- Mobile banking
- Real-time notifications
- Spending analytics
- Budgeting tools
- Bill payments
- International transfers
Additional Services
- Mortgage lending
- Insurance products
- Pension plans
- Wealth management
- Financial advisory
- Market analysis
Security Features
- Advanced encryption
- Two-factor authentication
- Biometric login
- Transaction monitoring
- Fraud detection
- 24/7 security team
Customer Support
- 24/7 phone support
- Video banking
- Email assistance
- Chat support
- Help center
- Branch access
Verdict
Openbank excels in providing a comprehensive digital banking experience backed by the stability of Santander Group. Their combination of traditional banking services with modern digital features makes them particularly attractive for customers seeking both innovation and reliability.
While some features require premium subscriptions and availability is limited outside Spain, the platform offers excellent value through its investment options and competitive mortgage rates. For customers seeking a full-service digital bank with strong traditional banking backing, Openbank provides an excellent solution.