Openbank is the fully digital bank of Santander, online since 1995 and one of Europe's longest-running internet banks.
Requires Spanish or EU residency; non-EU residents generally cannot apply.
These are stable, standing account benefits (not time-limited) — available as long as you qualify:
Partially. Openbank requires Spanish/EU residency and a tax ID; non-EU residents generally cannot apply.
No minimum deposit — the account can be opened at zero.
Have your Spanish/EU photo ID, address, local mobile number and tax ID (NIE/NIF) ready, then verify.
A few minutes in the app; review usually takes a few working days.
Common reasons: not a Spanish/EU resident, unverifiable address, mismatched details, or failed KYC.
Standing benefits: No Monthly Fee, No Min Deposit, Fully Online, Digital Bank, Fast Approval. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).
Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.