Is Openbank a part of Santander Bank? I've heard that it's actually European.

It’s both. Since relaunching in Spain in 2017 – where it’s operated by a separate affiliate entity within the Santander Group – Openbank has grown to become Europe’s largest digital bank by deposit volume. But in the United States, Openbank operates exclusively as a part of Santander Bank, N.A., which is a federally chartered and FDIC insured institution. While Openbank’s U.S. platform uses similar technology to the European edition, it’s tailored to meet U.S. regulations – and, just as importantly, to meet the needs of U.S. customers.