Openbank review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Openbank suits people in Spain who want an everyday debit card with no standing charge, at €0 a month. It runs on mastercard and its listed features are travel and multi currency, so it is a straight bank card for travel and daily spending rather than a crypto spending account.
Pros and cons
Pros
- No standing charge, with a monthly fee of €0.
- Its stated features are travel and multi currency, covering travel and multi-currency use.
- It runs on mastercard, so it is accepted wherever that network is taken.
- Supervised by the Comision Nacional del Mercado de Valores (CNMV) in Spain, with MiCA registration MiCA CASP 5493000LM0MZ4JPMGM90.
Cons
- It is a debit card, so spending draws on the bank balance rather than a crypto balance.
- The listed features are travel and multi currency, and nothing describes rewards or earn on the balance.
- Acceptance is tied to mastercard alone, so there is no second network to fall back on.
Who it suits
- People in ES who pay day to day and want no standing charge on a debit card.
- Anyone who splits spending across currencies, which is what the travel and multi currency features cover.
- Customers who would rather bank with a listed regulated entity, since the MiCA registration MiCA CASP 5493000LM0MZ4JPMGM90 sits with the same legal name.
Who should look elsewhere
- Monzo Flex, whose monthly fee of £0 makes cost a wash, so the account type has to decide instead.
- Wise, for readers who want card cost weighed against a multi-currency account, since its monthly fee is £0.
- BMW Card von American Express, whose monthly fee of $0 is the same, leaving card type as the deciding factor.
Who runs it
Openbank is operated by OPEN BANK S.A., based in Spain, and has been running since 1995. It is supervised by the Comision Nacional del Mercado de Valores (CNMV), and its crypto asset service provider registration is MiCA CASP 5493000LM0MZ4JPMGM90. That registration sits with the same legal entity, not a separate card issuer.
How Openbank compares
9.3 vs 9.4
9.3 vs 9.0
9.3 vs 8.2
9.3 vs 9.5
9.3 vs 9.6
9.3 vs 9.0
9.3 vs 9.1
9.3 vs 8.9
9.3 vs 8.1
9.3 vs 8.2
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 8.9- 9.3 vs 8.8
9.3 vs 8.8
9.3 vs 8.6
9.3 vs 8.5
9.3 vs 8.3
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
What does the card cost each month?+
There is no standing charge, so the monthly fee is €0. That matches the site median of €0 for monthly fees, and Openbank sits at 1 among 379 brands ranked on that figure.
Is this a debit card or a credit card?+
It is a debit card, so spending draws on the balance in the Openbank account rather than a credit line. The card runs on mastercard, which means it is accepted wherever that network is taken.
Who regulates Openbank, and is it licensed for crypto?+
Openbank is based in Spain and is supervised by the Comision Nacional del Mercado de Valores (CNMV). Its MiCA crypto asset service provider registration is MiCA CASP 5493000LM0MZ4JPMGM90, listed against the legal entity OPEN BANK S.A..
What does the card do when I travel or pay in another currency?+
Its listed features are travel and multi currency, so travel spending and holding more than one currency are the two stated strengths. As a debit card it draws on the bank balance wherever it is used, which keeps multi-currency use simple.
Who is this card for?+
It suits people in ES who pay day to day and want no standing charge, with a monthly fee of €0. It also suits anyone splitting spending across currencies, covered by the travel and multi currency features. As a debit card, crypto balances sit outside its scope.
How old is the bank behind the card?+
Openbank has been running since 1995, and the legal entity behind the card is OPEN BANK S.A., headquartered in Spain. The bank account and the card sit under that one name rather than separate issuers.
How does the cost compare with other cards here?+
Openbank's monthly fee is €0, and so is £0 at Wise, £0 at Monzo Flex, and $0 on the BMW Card von American Express. On price alone the options are level, so the account and the card type decide it.
Sources
- esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“ae_homeMemberState=ES”
- financeads.com/programs/openbank_pt checked September 26, 2026
Backs: Founded
“Founded in 1995”
- openbank.es checked September 26, 2026
Backs: Monthly fee
- openbank.es/tarjeta-debito-open-debit checked September 26, 2026
Backs: Card type, Features, Card network
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.