Openbank, Grupo Santander’s fully digital bank, has officially launched in Mexico, bringing a full suite of everyday financial products to the market. With over 30,000 requests to join its waiting list, Openbank is now welcoming its first customers, who can sign up in just five minutes.
A Fintech-Like Experience with the Strength of a Global Bank
Openbank combines the innovation of a fintech with the stability and broad product range of a major bank. Customers benefit from:
- 24/7 customer support
- Access to 10,000+ Santander ATMs across Mexico
- A seamless digital experience with continuous technology enhancements
- Competitive savings and loan products backed by Santander’s reliability
Introducing the Débito Open Account
To kick off its presence in Mexico, Openbank is launching the Débito Open account, offering:
✔️ 10% annual yield (one of the highest in the market)
✔️ No minimum balance or fees
✔️ IPAB-backed protection up to MXN 3.35 million
✔️ Free SPEI transfers & cash withdrawals at Santander ATMs
✔️ A debit card & a credit card with 3% cashback on online purchases
✔️ 3-month, interest-free payments on purchases over MXN 1,500
A Proven Digital Model Expanding to Mexico
Openbank has already gained recognition in Europe, successfully operating in Germany, the Netherlands, Portugal, Spain, and the U.S. In the U.S. alone, it secured $2 billion in deposits within its first three months.
“The launch of Openbank marks a major milestone in our digital transformation journey. It’s an opportunity to provide an agile, secure, and intuitive banking experience for digital-first customers.”
— Ana Botín, Executive Chair of Santander
Enhanced Security & Future Expansion
Customers in Mexico will enjoy top-tier security features, allowing them to configure card usage based on:
✅ Location
✅ Transaction type
✅ Merchant type
This ensures greater control and security for everyday banking. Openbank also plans to expand its product offerings in Mexico in the coming months.
“Our goal is to provide a best-in-class digital banking experience that meets all financial needs, with some of the most competitive savings, payments, and credit options in the market.”
— Matías Núñez, CEO of Openbank Mexico
With Openbank’s entry, Santander now offers both a digital-first bank (Openbank) and a traditional branch network (Banco Santander), strengthening its market position and advancing financial inclusion in Mexico.
“Having both Openbank and Banco Santander allows us to enhance our competitiveness and reach more customers in Mexico.”
— Felipe García Ascencio, CEO of Santander Mexico
How to Get Started
Customers can explore Openbank’s features and sign up today via its website (openbank.mx) or mobile app.
As Europe’s largest fully digital bank by deposits, Openbank is well-positioned to revolutionize the digital banking landscape in Mexico with its high-yield savings, no-fee banking, and innovative technology.
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