What Openbank Actually Charges You
Openbank runs one of the cleanest fee schedules in Spain, then claws money back at the edges: 4.5% on ATM withdrawals outside the EU and 33 euros the moment your balance dips into the red.
Last checked: June 11, 2026 • Official website
The fee schedule, decoded
| Fee | What they take | The fine print |
|---|---|---|
| Account maintenance | €0 | The Cuenta Corriente Open has no maintenance or administration fee and no conditions attached. |
| Cards | €0 | The main debit card is free to issue, maintain and renew. |
| ATM withdrawals | €0 in Spain (Santander network) | Free debit withdrawals at Openbank and Banco Santander ATMs in Spain, over 5,000 machines. At other banks in Spain and the EU you pay the ATM owner's surcharge; outside the EU Openbank charges 4.5% with a €3 minimum on top. |
| Transfers | €0 | Standard and instant SEPA transfers are free, and standard non-SEPA international transfers are listed at €0 in the official fee document. |
| Foreign exchange | €0 on card purchases | Openbank adds no fee of its own on card purchases in non-euro currencies, though Visa or Mastercard may apply a margin on the ECB exchange rate. Cash is where it charges: 4.5% (min €3) at ATMs outside the EU. |
| Overdraft | €33 claim fee | Debt claim fee charged 14 days after the account goes into the red, plus debtor interest at 7.25% TIN on tacit overdrafts and 7.72% TIN on arranged ones. |
Questions people actually ask
No. The Cuenta Corriente Open has no maintenance or administration fee and requires no salary deposit, direct debits or minimum balance.
At more than 5,000 Banco Santander and Openbank ATMs across Spain, on debit. At other banks' ATMs the owner's surcharge applies, and outside the EU Openbank adds its own 4.5% fee with a €3 minimum.
Nothing of its own on purchases in foreign currency; only the card network's exchange rate margin applies. ATM withdrawals outside the EU are the trap: 4.5% with a €3 minimum.
Openbank sells a travel benefits subscription on the Tarjeta Viajera for €2.99 per month that includes up to 5 free withdrawals monthly at any ATM worldwide. Otherwise, withdraw inside the EU or pay by card instead.
After 14 days overdrawn, Openbank charges a €33 debt claim fee, plus debtor interest at 7.25% TIN. The free bank stops being free the moment your balance goes negative.
Sources
Every number above comes from the bank's own documents.
Think your bank treats you better?
Upload a statement. Two minutes. Every fee they charged you, dragged into the light.
Analyze My Statement