Openbank is a mobile banking platform known for offering users a convenient and streamlined digital banking experience. As a branchless bank, it operates exclusively online, allowing customers to manage their finances directly from their smartphones or other mobile devices. Openbank often provides a range of financial services, including checking and savings accounts, personal loans, and investment options, all accessible through an intuitive user interface. Security features, such as multi-factor authentication and real-time notifications, are typically integrated to protect users' information and transactions. The mobile bank may also leverage artificial intelligence to provide personalized financial advice and support. With its focus on technology and user experience, Openbank aims to cater to tech-savvy individuals looking for a modern approach to managing their money.
24/7 availability- anytime, anywhere
No matter where you are, at home or abroad, you can access your Openbank account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Get approved fast
Opening an account with Openbank is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. Openbank doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Lower fees
Another main reason to use Openbank is the low (or no!) fees. Openbank has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, Openbank offers zero fees on all transactions, including purchases made overseas!
Makes traveling easier
Openbank = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With Openbank everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.
New 8 comparisons for Openbank
