Openbank is a direct bank headquartered in Madrid, Spain.[2] Since its foundation in 1995, it has been a subsidiary of Grupo Santander. According to the Spanish Banking Association, nearly 1,350,000 accounts had been registered with the bank as of 2016[update]. Openbank currently operates in Spain, Portugal, Germany, the Netherlands and the United States.
 | |
 Openbank branch, Barcelona | |
| Company type | Sociedad Anónima |
|---|---|
| Industry | Financial services |
| Founded | 1995 |
| Headquarters | , |
Area served | Spain, Portugal, Germany, The Netherlands and United States |
Key people | Petri Nikkilä (CEO)[1] |
| Products | Banking services, loans, Mortgages and Investments |
| Parent | Grupo Santander |
| Website | www |
History
editSantander created Openbank in 1995, and launched its website in 1996. In 2000, after buying the Argentine portal Patagon.com for $540 million, Openbank changed its name to Patagon Internet Bank S.A.,[3] a financial portal[clarification needed] that combined traditional banking with digital features such as chatrooms and internet forums. In 2001, Patagon Internet Bank S.A. opened commercial offices in Zaragoza, Madrid, Pamplona, Valencia, and Barcelona. In 2005 the name was changed back to Openbank.
In 2011 Openbank released a banking app for iOS and Android. In March 2011, after its integration in the Commercial Banking Spain division, it closed 20 of its 21 remaining branches. Only the Azca branch, in Madrid, remained.[4] In February 2013, it launched mobile applications for Android[contradictory] and Windows 8.[5]
In May 2017, the company carried out a rebranding and opened a new branch on Paseo de la Castellana in Madrid, with the aim of creating an exclusive space for its clients.[6] In June 2017, it launched a redesigned web platform and app.[7] In 2019, Openbank began its international expansion in Germany, the Netherlands and Portugal.[8]
Features
editOpenbank offers a 24/7 service to all customers. Customers can deposit or withdraw cash, commission-free, at the more than 4,500 ATMs in the Santander network in Spain. It is also possible for customers to activate or deactivate cards or to defer payments from their mobile.
The bank also has other financial products available to customers. Open Wealth is an online platform where customers can invest in real time in the various markets available on its trading tool. The bank also offers a family plan, Open Young, which has a prepaid card for use by children who can request payment from their own app. It also offers the Open Mortgage product to customers.
External links
editReferences
edit
- ^ "Santander appoints Petri Nikkilä as new global CEO of Openbank and head of the consumer non-auto business of Digital Consumer Bank". www.santander.com. Retrieved 2024-10-02.
- ^ Zuloaga, Jorge. "Santander estrena el nuevo Openbank en su oficina insignia de Castellana". Vozpópuli (in Spanish). Retrieved 2017-07-26.
- ^ Patagon y SCH, historia de un desencuentro
- ^ "Openbank cierra todas sus oficinas, salvo la sucursal madrileña de Azca, Banca. Expansión.com". www.expansion.com. Retrieved 2019-06-06.
- ^ "Openbank lanza aplicaciones móviles para Android y Windows 8 (Only available in Spanish)". www.santander.com. Retrieved 2019-06-06.
- ^ "Openbank trasladará su antigua oficina de Azca al Paseo de la Castellana". Europa Press. 2017-05-02. Retrieved 2019-06-06.
- ^ Palacín, José Tomás (2017-06-19). "Ni app ni web; Openbank se convierte en el primer banco digital - innovación en español". innovaspain (in Spanish). Retrieved 2019-06-06.
- ^ Alconada, Ángeles Gonzalo (2019-04-03). "Openbank operará en Alemania en los próximos días". Cinco Días (in Spanish). Retrieved 2019-06-06.