Openbank, Grupo Santander’s fully digital bank, has officially entered the Mexican market, offering a cutting-edge, fee-free banking experience with competitive savings rates. With the launch of its website and app, Openbank brings its globally recognized digital banking model to a new audience, combining advanced technology with a customer-first approach.
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Competitive offerings for everyday banking
The flagship offering, the Open Debit Account, provides a standout 12.5% annual return on savings. Customers can also benefit from debit and credit cards, free cash withdrawals at Santander's extensive ATM network, and seamless SPEI transfers—all with no hidden fees or minimum balance requirements.
Backed by innovation and trust
Openbank Mexico CEO Matías Núñez described the launch as a significant milestone: “Our fully digital platform offers a secure, streamlined way for Mexicans to manage their finances, backed by the trust and expertise of Santander. We’re confident customers will embrace this innovative approach.”
Global CEO Petri Nikkila emphasized Mexico’s potential, stating, “Openbank’s model is central to Santander’s digital transformation. Mexico presents an exciting opportunity to deliver competitive, tech-forward solutions to customers seeking a superior banking experience.”
A growing global presence
Already a leader in Europe, Openbank has established itself as the largest digital bank by deposit volume, doubling its customer base in five years. Having expanded into the U.S., Openbank now brings its digital expertise to Mexico, where features like enhanced card security by transaction type and location aim to set a new standard for convenience and safety.
In the coming months, Openbank plans to expand its product offerings in Mexico, delivering on its promise to redefine the banking experience. With deposits insured by IPAB and top ratings from Moody’s and Fitch, Openbank ensures customers enjoy both innovation and financial security.
