Open Bank delisted from Bank of Spain registry: what your clients must do

Key data

If you have financial products at Open Bank, SA, this resolution directly affects you. As of May 14, 2026, Open Bank, SA has ceased to be registered in the official Registry of credit institutions of the Bank of Spain, which means it can no longer operate as a bank under that name and legal structure.

The publication in the BOE on May 26, 2026 (reference BOE-A-2026-11394) provides official publication and legal certainty to the process. What it does not provide is an automatic answer to the most urgent question for its clients: what happens to my money and my contracts?

What does this regulation establish?

The Bank of Spain resolution formalizes the delisting of Open Bank, SA from the official Registry of credit institutions. This registry is what authorizes an entity to accept deposits, grant loans and operate as a bank in Spain.

The resolution does not specify the specific reason for the delisting. The usual reasons in this type of process are:

• Merger with another entity
• Acquisition by another entity
• Corporate transformation (change of name or legal form)
• Liquidation of the entity

From a regulatory perspective, the publication in the BOE guarantees that the process has legal backing and that the effects are official as of May 14, 2026. However, the lack of detail about the reason requires clients to act proactively to learn the actual status of their products.

Economic and operational impact

The delisting of a credit institution has immediate practical consequences for those who operate with it. The main operational risks are:

• Contract continuity: Contracts for current accounts, deposits, loans or investments may have been transferred to another entity or be in liquidation. Without express confirmation, it cannot be assumed that they remain active under the same conditions.
• Deposit protection: Clients must verify whether their deposits remain covered by the Deposit Guarantee Fund, which in Spain covers up to 100,000 euros per depositor and entity. If deposits have been transferred to another entity, coverage is maintained, but the guarantee holder changes.
• Direct debits and automatic payments: Companies and self-employed individuals who have payroll, payments to suppliers or customer collections through accounts at Open Bank must verify whether these operations continue to be processed correctly.
• Active financing: Loans and credit lines granted by Open Bank may have been assigned to another entity. Contractual conditions should not change due to the assignment, but it is necessary to confirm the new counterparty.

Who does it affect?

This resolution directly affects:

• Individuals with current accounts, savings accounts or fixed-term deposits at Open Bank, SA
• Self-employed individuals operating with professional accounts or with active loans with the entity
• Companies and SMEs with business accounts, credit lines, loans or investment products contracted with Open Bank, SA
• CFOs and financial directors whose companies have treasury or financing linked to this entity
• Financial and accounting advisors who manage client products domiciled at Open Bank

Practical example

A company with an active current account at Open Bank, SA and several direct debits for supplier payments faces the following situation as of May 14, 2026:

1. The account may have been transferred to another entity without the company receiving formal notification. Direct debits could be processed from a new entity holder, or they could be blocked if the process has not been completed.
2. If the company also has an active loan with Open Bank, the creditor may have changed. Installments must continue to be paid under the same conditions, but the destination IBAN or the contact for management may be different.
3. The CFO of this company must contact Open Bank to obtain written confirmation of the status of each product and, if there is a transfer to another entity, request the new contract data and guarantee coverage.

This scenario applies equally to a self-employed individual with Social Security contributions domiciled or an individual with a fixed-term deposit approaching maturity.

What should companies do now?

1. Contact Open Bank immediately to obtain official information about the status of each financial product contracted (accounts, loans, deposits, investments).
2. Verify whether contracts have been transferred to another entity and, if so, identify the new contract holder and the new contact and operational details.
3. Confirm deposit protection: check whether balances remain covered by the Deposit Guarantee Fund and under which entity that coverage is registered.
4. Review all active direct debits (payroll, payments to suppliers, customer collections, loan installments) to ensure they continue to be processed correctly and from the correct IBAN.
5. Update banking details in all internal systems (ERP, accounting, contracts with third parties) if the entity or IBAN have changed as a result of the delisting.
6. Document all communications with the entity in writing, to have traceability in case of incidents or subsequent claims.