Orange Bank is a 100% mobile-based banking offer for Spanish consumers. 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.
Orange customers will be able to access all of their banking services, at any time of the day, via their mobile. With the Orange Bank 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.
In compliance with all banking regulation requirements, customers can also access these banking services using the biometric feature on their mobile phone, eliminating the need to remember complex passwords.
The service also offers a management functionality, which allows the sharing or transfer of monies and expenses among several people. Customers will be able to pay or manage subscriptions shared with multiple people, such as a water bill or a Netflix subscription).
At launch, Orange Bank in Spain offers the following services exclusively for Orange customers:
In addition, thanks to Orange Bank, Orange customers will have access to new consumer credit offers on the market. Orange Bank will make progressively available to its customers up to 10,000 euros, subject to prior evaluation of customers’ credit rating, which customers will be able to access with no need for further verification.
Lastly, as part of its exclusive launch promotion, Orange Bank in Spain will offer a discount of 30 euros to existing Orange customers on their next mobile or convergent service bill (eg. Go and Love subscribers).
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