Protecion discovered the ideal solution for unforeseen

Overdraft Protection

The ideal solution for the unexpected

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Peace of mind

Additional money to handle the unexpected.

No fees or charges

No arrangement or application fees.

Pay only when you use it

You only pay interest on the money you need and for the days you have used it.

Instant1 and paperless

If your salary is paid in directly or you have savings, funds or investments at Openbank.

Instant money to cover the unexpected1

  • You can apply for between €300 and €12,000 to be added to your account balance.

  • No arrangement or application fees.

  • Easy access to extra money. The amount approved will depend on your salary, savings and investments at Openbank.

Only pay for what you use

  • Only pay interest on the amount drawn and for the days you have used it. If you don’t use it in the end, it won't cost you anything! For example, if you use €500 for 10 days, you will only pay €1.06 for the month.

  • Annual NIR of 7.72% (8.00% APR2) will be charged at the time of the monthly settlement of your account, provided you have used it.

Easy and convenient

  • Apply for it online and it will be available immediately1.

  • It will be available for one year and renews automatically, provided that your conditions do not change.

No contract will be signed. The line of credit is subject to analysis and approval by Openbank, provided that the following requirements are met: To be the holder of an Open Current Account or an Open Payroll Account and that at least one of the following two requirements is met:
- Salary is paid directly into an Openbank account; and/or
- Have positions in deposits, funds or securities at Openbank.

2 The annual nominal interest rate (NIR) is 7.72% (8.00% APR). We will settle it in your current account each month at the same time as the monthly account settlement. For example, if you use €500 over 10 days to pay for your car insurance, when your account is settled, you will only pay €1.06 for the interests; therefore, the total amount of the loan would be €501.06.


Open an account in just three steps, no matter where you are


Fill out your details

To open an account, we need to know a few things about you. Fill out the online form and choose your passcode. Have your DNI or NIE at hand.


Verify your identity

From the comfort of your own home. By video identification or via transfer.


Sign electronically

We will send you an SMS text with a security code to access your contract so that you can sign it online.