Santander Bank has announced the opening of its first Openbank location in the United States at Miami Worldcenter. This marks the third Openbank-branded physical site globally and highlights Santander's growing presence in the Miami market.
The new location, situated at 150 NE 8th Street, offers services typical of a Santander Bank branch. It provides information about Openbank’s digital-first banking products, including a High Yield Savings account with a rate significantly above the national average. The site also features investment services through Santander Investment Services, private meeting spaces, and a premium amenity bar available to both customers and community members.
Openbank aims to blend digital convenience with personalized service in retail spaces, allowing staff to focus more on customer guidance. "This opening reflects Santander’s aspiration of transforming into a leading national, digital bank with branches," according to their statement.
As part of its role as presenting sponsor for Miami Worldcenter's Grand Opening celebration on May 22, Openbank will host various activities including performances by DJ Irie, DJ Scotty B, Lee Greenwood, Flo Rida, Nicky Jam, and Shaggy. The event will conclude with a block party featuring DJ Alesso.
Santander's expansion in Miami includes this new Openbank location alongside existing facilities such as a Work Café and office in Coconut Grove and Banco Santander International headquarters. Additionally, they maintain an extensive ATM network at Target locations across South Florida.
Openbank was introduced to the U.S. market in late 2024 with its high yield savings account offering. Since then it has accumulated over $4 billion in deposits and attracted more than 100,000 customers by May 2025. Future plans include launching additional products like Certificates of Deposit (CDs) and Checking Accounts through this platform.
For further details about Openbank by Santander or eligibility criteria for their services, visit openbank.us.