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Openbank review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Openbank suits anyone in Spain who wants a plain Mastercard debit card with a monthly fee of €0. Currency conversion is 0%, and the card lists multi-currency and travel features. Spending earns nothing back, so the value here sits in low running costs rather than rewards.

Key facts

Best for
A low-cost Mastercard debit card for spending at home and abroad.
Monthly fee
€0 (Source, checked September 26, 2026)
Currency conversion fee
0% (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Card network
Mastercard (Source, checked September 26, 2026)
Legal entity
OPEN BANK S.A. (Source, checked September 26, 2026)
Headquarters
Spain (Source, checked September 26, 2026)
Founded
1995 (Source, checked September 26, 2026)
Features
Travel, Multi-currency
Official website
openbank.es

Credit cards

Annual fee
€0 (Source, checked September 26, 2026)
APR
0% (Source, checked September 26, 2026)
Currency conversion fee
0% (Source, checked September 26, 2026)
Rewards type
None (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
OPEN BANK S.A. (Source, checked September 26, 2026)
Headquarters
Spain (Source, checked September 26, 2026)
Founded
1995 (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Travel, Multi-currency

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • Monthly fee of €0 on the debit card and an annual fee of €0 on the credit card
  • Currency conversion priced at 0%, under the 2.5% site upper quartile
  • Multi-currency and travel features listed for the debit card
  • Runs on the mastercard network, and the same provider covers credit borrowing

Cons

  • The rewards type is none, so everyday spending earns nothing back
  • An annual fee of €0 against a €4.89 site upper quartile keeps the card at the cheap end of the range
  • The monthly fee of €0 matches the £0 at Wise, the $0 at Varo Believe Secured Credit Card and the $0 at Chime Card, so price alone will not separate them
Openbank

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Scored 9.4 / 10 by DebitCue.

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Who it suits

  • People in Spain who want a Mastercard debit card for everyday spending
  • Travellers who want multi-currency and travel features without a monthly charge
  • Readers weighing cost above rewards, since the rewards type is none

Who should look elsewhere

  • Reward seekers, since the rewards type is none; Chime Card (Secured Visa Credit Card) and Varo Believe Secured Credit Card cover the credit side instead
  • Anyone after a spread of fee levels, since the monthly fee of €0 and the conversion fee of 0% leave little to negotiate

Fees and currency costs

The monthly fee is €0, so the debit account costs nothing to hold from month to month. Currency conversion runs at 0% on the same card. With travel and multi-currency listed as features, a trip abroad adds nothing on top of what you spend, which is the figure that matters most for a traveller.

Who runs it

Openbank trades as OPEN BANK S.A., headquartered in Spain and founded in 1995. The Spanish register lists it under the MiCA CASP 5493000LM0MZ4JPMGM90, with the Comision Nacional del Mercado de Valores (CNMV) as the regulator named for Spain. A registered legal name and a listed registration make the entity behind the card traceable.

How Openbank compares

Where Openbank is available

Available
Spain
Licence in Spain
Comision Nacional del Mercado de Valores (CNMV) (MiCA CASP 5493000LM0MZ4JPMGM90), checked September 26, 2026, also valid in Spain, Germany

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Does Openbank charge a monthly fee?+

The monthly fee is €0, and the model is a no-annual-fee one. Nothing comes out of the account for keeping it open, which matches the €0 median across the cards compared here. The credit card on the same site lists an annual fee of €0.

Is there a fee for spending in another currency?+

Currency conversion is charged at 0%. The debit card lists multi-currency and travel among its features, so paying in another currency adds no percentage on top of the amount. For comparison, the upper quartile of conversion fees across the site is 2.5%.

What kind of card is it?+

The card is a debit card on the mastercard network, so spending comes straight from your own balance. The credit card from the same provider is a credit card, which means the name covers borrowing as well as everyday spending.

Who runs Openbank and how is it regulated?+

The account is held with OPEN BANK S.A., a legal entity based in Spain. It appears on the Spanish register under the MiCA CASP 5493000LM0MZ4JPMGM90, with the Comision Nacional del Mercado de Valores (CNMV) named as the regulator for Spain. A named entity and a listed registration make the provider traceable.

Does the card earn rewards?+

The rewards type is none, so nothing comes back from what you spend on the credit card. Compare that with a cashback card if earning is the point, and check the annual fee of €0 and the APR of 0% before switching to a borrowing product.

Where is Openbank available?+

The provider is based in Spain and was founded in 1995, trading as OPEN BANK S.A.. It is a Spanish operation, so the account and its fees are aimed at customers in that market rather than at a worldwide traveller base.

How does it compare with the alternatives on price?+

The monthly fee of €0 is the same as the $0 at Varo Believe Secured Credit Card, the £0 at Wise and the $0 at Chime Card. The differences sit elsewhere: a 0% conversion fee, a mastercard network and no rewards.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

Openbank

Openbank

A low-cost Mastercard debit card for spending at home and abroad.

9.4/10See alternatives