Openbank offers direct shares and ETFs through its Spanish investment app. Its low fixed brokerage suits small orders, but currency conversion, dividends and securities transfers have their own charges. The current Open Bank, S.A. is the successor formed through the Santander-group merger completed on 12 May 2026.[1][2][5]
Broker essentials01
Openbank Spain at a glance
| Measure | Value | Context |
|---|---|---|
| Published service | Spanish bank-operated self-directed shares and ETF brokerage | Source 1 |
| Primary operating jurisdiction | Spain | Source 1 |
| Firm named in account and regulatory context | Open Bank, S.A. | Source 2 |
| Type of broker | Bank-operated shares and ETF brokerage | Source 1 |
| Service website | https://www.openbank.es/inversiones/invertir-bolsa-valores | Source 1 |
Account types and onboarding
Sections ↑Account comparison02
Spanish securities account and service pathways
| Item | Terms | Scope |
|---|---|---|
| Self-directed investment | Direct shares and ETFs purchased through the bank investment app | A security holding is different from a leveraged CFD positionSource 1 |
| Bank relationship | Operator is Open Bank, S.A., Spanish credit institution within Santander | Contract identity should match the May 2026 corporate reorganisationSource 2 |
| Automated portfolios | Separately marketed discretionary or automated-management service | Do not treat a robo-advised portfolio as the same execution-only share accountSource 4 |
| Other investment funds | Fund selection offered on the wider bank investments menu | Charges and redemption procedures follow their own fund documentationSource 4 |
Account comparison03
Onboarding, order access and investor scope
| Item | Terms | Scope |
|---|---|---|
| Digital entry | App > Inversiones > select share > choose quantity and buy | Workflow is different from an API/institutional dealing facilitySource 1 |
| Account activity | Bank advertises ordering and portfolio monitoring at any time | An order entered out of hours still relies on the exchange trading sessionSource 1 |
| Payroll condition | Advertised €1 commission does not require salary paid into Openbank | The dealing offer is not tied to bank salary migrationSource 1 |
| Client residence | Price claim is framed for the Spanish retail offer | Do not assume the same service or tax treatment is available worldwideSource 1Source 2 |
Markets, instruments and ownership
Sections ↑At a glance04
Direct investment universe
| Item | Terms | Scope |
|---|---|---|
| Shares | More than 4,000 equities advertised | Catalogue figure is the bank's own current marketing count, not all worldwide listingsSource 1 |
| ETFs | More than 1,200 exchange-traded funds advertised | ETFs carry issuer-level ongoing expenses beyond brokerageSource 1 |
| Spanish exchange | Spain shares among supported markets | Spanish settlement, local market levies and trading session matterSource 1 |
| United States | U.S. stocks within advertised cross-border access | EUR-to-USD conversion and U.S. market hours affect realised costsSource 1 |
| European exchanges | European equities and ETFs within service scope | Local taxes or market fees can vary by exchangeSource 1 |
At a glance05
Distinct economic risks for two investments
| Item | Terms | Scope |
|---|---|---|
| Direct share | Equity price and dividend exposure; ownership through the securities account | Investor bears issuer/market risk even if bank is supervisedSource 1 |
| ETF | Listed fund unit, subject to market price and underlying index/assets | Fund management charge and tracking difference sit outside €1 dealing commissionSource 1 |
| Foreign equity | Share traded in a non-euro currency | Currency changes can raise or reduce EUR returns independent of stock priceSource 1 |
| Risk indicator | Openbank labels this equity product category 6 out of 6 | Not a regulator rating of broker solvency or a prediction of returnsSource 1 |
Brokerage, FX, financing and other charges
Sections ↑Pricing & charges06
Share and ETF brokerage
| Item | Terms | Scope |
|---|---|---|
| Shares and ETFs | €1 per execution | Different prices or execution days can create separate charges.Source 5 |
| Custody | €0 | Fund expenses remain payable within ETFs.Source 1 |
| Unexecuted cancellation | €0 | Cancellation before execution.Source 5 |
| Subscription condition | No payroll or paid membership required for the advertised offer | The bank’s securities account is required.Source 1 |
Pricing & charges07
Illustrative brokerage for completed orders
| Item | Terms | Scope |
|---|---|---|
| €250 purchase and sale | €1 + €1 = €2 | Assumes one chargeable execution on each side; excludes taxes and conversion.Source 1Source 5 |
| €10,000 purchase and sale | €1 + €1 = €2 | The fixed commission is a smaller percentage of a larger position.Source 1 |
| Four purchases | 4 × €1 = €4 | Assumes one chargeable execution per purchase.Source 1Source 5 |
Pricing & charges08
Additional tariff charges
| Item | Terms | Scope |
|---|---|---|
| Currency conversion through 9 November 2026 | ±0.70% adjustment to Santander Treasury’s daily fixing | EUR settlement unless the settlement account matches the security’s currency.Source 5 |
| Currency conversion from 10 November 2026 | ±1% adjustment | The Treasury fixing can differ from the official exchange rate.Source 5 |
| Outgoing securities transfer | 0.30%; maximum €150 per operation | Separate from cash withdrawals.Source 5 |
| Dividends and coupons | 0.25%; minimum €1.50 | Collection fee.Source 5 |
| Securities conversion or exchange | 0.25%; minimum €3 | Corporate-action processing.Source 5 |
| Taxes | Additional where applicable | The abbreviated tariff is effective from 10 September 2026.Source 5 |
Orders, execution and dealing technology
Sections ↑At a glance09
App dealing and analytics workflow
| Item | Terms | Scope |
|---|---|---|
| Security discovery | Search a share in Inversiones before buy/sell | Instrument eligibility follows bank catalogueSource 1 |
| Quote feed | Real-time prices are specified for the Spanish market | The product-page footnote does not promise real-time foreign-market quotes.Source 1 |
| Portfolio observation | Buy, sell and monitor investment holdings through app | 24/7 visibility is not 24/7 exchange executionSource 1 |
| OpenTrader | Bank markets an advanced trading/analysis interface | Extra indicators and platform features should not be confused with order fillsSource 3 |
At a glance10
What “real-time” does and does not establish
| Item | Terms | Scope |
|---|---|---|
| National-market feed | Real-time Spanish-market information | Foreign-market data availability is outside that footnote.Source 1 |
| AI price targets | Free 1-, 3- and 6-month estimates for over 1,000 US and European shares | Forecasts are separate from executable order prices.Source 1 |
| Chart indicators | OpenTrader site advertises technical analysis tools | Charts are informational; order rules and exchange availability remain separateSource 3 |
| Market closure | Orders can be entered outside dealing sessions | Venue opening, auction procedure and potential gaps determine executionSource 1 |
Cash, currencies and asset transfers
Sections ↑At a glance11
Securities transfers and investment account money
| Item | Terms | Scope |
|---|---|---|
| Incoming portfolio | Specialist team offers to help transfer shares or ETFs in | Transfer process is not a same-day cash deposit or a guaranteed free transferSource 1 |
| Transfer assistance | 91 177 33 16 or 900 10 29 38 | Numbers specifically published for investment transfersSource 1 |
| Assistance hours | Monday–Friday, 08:00–20:00 as printed on Spanish page | Office contact window is distinct from online ordering availabilitySource 1 |
| Cash versus securities | Settlement money and beneficial securities holding differ | Do not describe the share portfolio as a protected cash depositSource 2Source 1 |
Legal entity, supervision and client protections
Sections ↑Entities & regulation12
Operator, register and supervision
| Item | Terms | Scope |
|---|---|---|
| Contracting name | Open Bank, S.A. | Legal operator changed after Santander-group merger; older PDFs may retain superseded entity namesSource 2 |
| Bank of Spain entry | Spanish bank registration code 0073 published | Banking supervision covers a different risk scope from equity-market performanceSource 2 |
| Spanish market conduct | CNMV has relevant investment-services oversight | Licensing does not ensure profitable orders or eliminate market riskSource 2 |
| Owner group | Openbank identifies the Santander group | Group ownership must not be treated as a trading-loss guaranteeSource 2 |
Entities & regulation13
Bank cash and securities claims
| Item | Terms | Scope |
|---|---|---|
| Bank deposit scheme | Deposit Guarantee Fund is referenced for qualifying bank deposits | Check eligible cash product, depositor and coverage; stocks are not bank depositsSource 2 |
| Stock ownership | Securities are investments with possible loss of principal | Do not borrow the bank deposit protection limit as coverage of stock price declinesSource 1Source 2 |
| Legal restructure | 12 May 2026 merger absorbed the prior Open Bank company into Santander Consumer Finance and renamed the successor | Review counterparties on any pre-2026 account paperworkSource 2 |
| Complaints | Santander group complaint channel described on legal page | Operational error complaint differs from market price lossSource 2 |
- Headquarters
- Spain
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Open Bank, S.A.
SpainSource 2
No separate licence entry is recorded in this panel.
Support, complaints and records
Sections ↑At a glance14
Incidents and formal complaints
| Item | Terms | Scope |
|---|---|---|
| Incident support | +34 91 276 21 54 or 900 22 32 42; [email protected] | The legal page describes an incident-status response within 48 business hours.Source 2 |
| Formal complaint | [email protected] | Santander’s Customer Care and Claims Service handles the formal process.Source 2 |
| External escalation | Banco de España for banking matters; CNMV Investor Assistance for investment-services matters | An internal complaint is required first.Source 2 |
| Waiting periods | One month generally; 15 business days for payment-service complaints | Escalation also follows an unsatisfactory internal response, under the relevant authority’s rules.Source 2 |
Research, tools and additional services
Sections ↑At a glance15
Research and portfolio tools
| Item | Terms | Scope |
|---|---|---|
| Financial analysis | “Invierte con Inteligencia Artificial” tool | The bank presents target estimates as decision support, not execution instructionsSource 1 |
| Forecast horizons | One, three and six months | Different horizons can produce inconsistent price estimatesSource 1 |
| Pricing of bank tool | Advertised free for Openbank customers | Free access to tool does not imply its forecast accuracy has been demonstratedSource 1 |
| Additional platform | OpenTrader technical-analysis interface | Platform access and market-data licence conditions separate from trade commissionSource 3 |
Sources & further reading
- Openbank: shares and ETFs, current €1 dealing proposition Openbank · Accessed 29 Oct 2026
- Openbank legal information and corporate identity Openbank · Accessed 29 Oct 2026
- Openbank: abbreviated securities tariff effective 10 September 2026 Openbank · Accessed 29 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.