In its debut, Openbank makes available to its first clients the Open Debit Account that rewards savings at 12.5% annual return
This new business completes the Spanish giant’s offer for day-to-day finances with debit and credit cards, SPEI transfers and the possibility of having commission-free cash at the more than 10,000 ATMs in the Santander network.
“Our proposal combines one of the most advanced digital banking experiences with the best of the Fintech world and the trust and support of a large international financial group. We are confident that it will be highly valued by clients in Mexico,” said Matías Núñez, general director of Openbank México, in a statement.
Santander explained that Openbank offers an experience digital-firstwhich has been successfully tested in Spain, Germany, Portugal and the Netherlands. Currently, it is the largest digital bank in Europe by deposit volume.
“The banking model developed by Openbank is a key piece for Santander’s digital transformation. Mexico is a market with great potential for a next-generation digital bank like Openbank. We hope to become a reference for Mexican clients who want competitive products through a first-class experience,” said Petri Nikkilä, CEO of Openbank globally.
Openbank México customer deposits are insured by the Institute for the Protection of Bank Savings (IPAB).
