Orange Bank launches in Spain with 1% interest rate for deposits of up to 20,000 euros, one of the highest savings interest rates offered available in Spain.
Orange Bank in Spain will be 100% mobile based, offering Orange customers a choice of savings account, cheque account, Mastercard debit card, group management, as well as discounts on Orange phone bills.
Customers will be able to open a current account with a Spanish IBAN, without any registration fee required. Customers opening a new savings account will also benefit from 1% interest remuneration on savings deposits of up to 20,000 euros, the highest available rate in Spain.
Orange customers will be able to access all of their banking services, at any time of the day, via their mobile. An Orange Bank app with a native interface ensures the best mobile experience in the market. From this app, customers can perform day-to-day banking operations, such as checking their expenses, paying with Apple Pay, moving their money between their savings and cheque accounts, making free SEPA transfers, and managing their card, for example, to freeze a card temporarily in case of loss or to reactivate it again if found. The app’s chat functionality enables customers to easily interact with banking agents for help and assistance at a click of a button.
After the successful launch of its own bank in France, Spain becomes the second country in Orange’s global footprint to launch Orange Bank, reinforcing the Group’s multiservice strategy and diversification into mobile and financial services across its markets.
As Narciso Perales, GM of Orange Bank in Spain
Banking is accelerating towards an online model, concentrated around access via mobiles, and Orange wants to play a leading role by providing a competitive, simple and accessible offer at any time and place.
Paul de Leusse, CEO, Orange Bank
Orange Bank, now strongly established in France with 500,000 customers after two years’ of existence, is proud to expand its footprint with its Spanish branch.
