Openbank
Local bankDGS €100k protectedBest for: Online-only bankingBest for: EUR savingsBest for: No-fee account
Pros & Cons
Pros
- Deposit protection: DGS €100k (ES — Fondo de Garantía de Depósitos)
- Fully online bank (Santander group)
- no-fee current account
- competitive savings
Cons
- —
Rating breakdown
Foreigner onboarding67
USD handling20
Transfers75
Value & fees30
Licence & deposit protection
DGS €100k protectedDGS €100k (ES — Fondo de Garantía de Depósitos)
This is a licensed bank, so eligible deposits are protected by the deposit guarantee scheme (DGS) up to €100,000 per customer. That's a key safety factor when choosing.
- Licence
- Bank · Banco de España
- IBAN
- ES, DE, NL, PT
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Deposit & savings rates
Compare all deposits →DGS €100k protected DGS €100k (ES — Fondo de Garantía de Depósitos)
| Product | Currency | TAE / APY | Term | Conditions | Source |
|---|---|---|---|---|---|
| Cuenta de Ahorro Bienvenidapromo | EUR | 2.5% | On demand | Solo nuevos clientes; código TERENTA. Sin límite de saldo. Garantizado 12 meses. | Sourceas of 2026-06-23 |
Editorial review
Openbank is a licensed bank (Banco de España), so eligible deposits carry DGS €100k (ES — Fondo de Garantía de Depósitos).
It is a local bank licensed in ES supporting EUR. FX model: Card-network rate + bank markup.
It tends to suit online-only banking, eur savings, no-fee account.
Fees & terms
- Exchange rate
- Card-network rate + bank markup
- Card cost
- Free
- Currencies
- EUR
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out, SWIFT in/out
- Payments
- Apple Pay, Google Pay
- Licence
- Bank — Banco de España
- IBAN
- ES, DE, NL, PT
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- Card-network rate + bank markup
- Opening requirements
- Needs NIE/residency in supported market; fully remote
- English support
- Yes
- Remote opening
- Yes
- Headquarters
- Spain
Also consider
FAQ
- Is my money protected?
- Yes. Openbank holds a full bank licence (Banco de España), so eligible deposits are protected by DGS €100k (ES — Fondo de Garantía de Depósitos).
- What IBAN and transfers?
- Openbank issues a ES/DE/NL/PT IBAN. SEPA Instant: send + receive.
- Can I open remotely, in English?
- Opening is remote. English support is available. Requirements: Needs NIE/residency in supported market; fully remote.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Updated: Dataset compiled: