Banco Santander launches Openbank in the US to offer individual customer services nationwide. Says full rollout will be completed throughout 2025 to offer US customers the same services it offers in Europe. Openbank will provide high yield savings "at a very competitive rate" as well as "one of the fastest onboarding processes on the market," Santander says.
Santander launches Openbank in the US
Chair Ana Botin comments: "The launch of Openbank in the US marks a significant milestone in our group’s transformation. Openbank reflects our belief that to be the best for both our customers and shareholders, deploying our own core and front-end cloud-based technology globally is essential and will deliver sustainable competitive advantage.
US is a key market for Santander
"The US is a key market for us, where we have been expanding our business over the past years. Openbank is banking made easy and will offer the best high yield savings accounts in America that is simple and fast with a competitive rate, and built by Santander, a bank that has the trust of 168 million customers."
