The financial group Santander has announced the launch of its Openbank digital bank in the United States, scheduled for the second half of 2024.
Openbank, which is the largest 100% digital entity in Europe in terms of investments, offers a completely online platform that combines advanced technology, security and an intuitive user experience.
What is Openbank and how does it benefit users?
Openbank, which already has more than two million customers in Europe, stands out for its digital approach and competitive fintech-style pricing, all backed by the trust of a global banking institution such as Santander . The platform is designed to provide a modern, secure and easy-to-use banking experience, adapted to the needs of clients who want to do their financial work flexibly and from anywhere.
Consumers in the United States will be able to open accounts entirely digitally, without going to a physical branch. In addition, Openbank promises to offer attractive and competitive rates compared to traditional banks, making it a good choice for those who want to manage their money more efficiently and with better conditions.
The Openbank platform was developed by the Santander group itself, using modern technology that works in the cloud, which guarantees security and a fluid user experience. This launch not only reinforces Santander’s presence in the US market, but also accelerates the bank’s growth strategy, supporting its goal of increasing investments to increase its portfolio finance their car.
Is Openbank available to everyone, including the undocumented?
Although Openbank facilitates the process of opening digital accounts, it has not yet been revealed whether it will allow undocumented people in the United States to open accounts. In general, most banks in the country require a social security number or taxpayer identification number (ITIN) to open an account.
It is recommended that prospective users meet with Openbank once it is available to find out the specific requirements for opening an account, especially if they do not have complete immigration documents.
Global expansion of Openbank
Openbank is already working successfully in countries such as Spain, Portugal, Germany and the Netherlands, and in 2024 it also plans to launch in Mexico. The expansion in the United States will mark the first use of all of Openbank’s core technology in a new market, underscoring Santander’s commitment to growth and innovation in the digital banking sector.
With this initiative, Santander aims to attract a wide customer base in the world’s largest financial market, offering an advanced banking solution that promises to facilitate the financial life of its users and to give them access to a strong, modern and secure banking system. .
