Santander Bank announced on Friday the launch of Santander One, which is a new simple banking account with service plans through subscription. The banking group revealed it customized the account for individuals and companies with free essential services for loyal customers and offers the possibility to subscribe to special plans for a fixed monthly fee.
Santander also reported that it has entered into a strategic partnership with Iberia to attract and create loyalty amount its customers with Santander One Iberia Plus, which is a program through which customers may earn Avios and redeem them for flights, experiences, and other benefits.
“Loyal customers will be able to carry out their usual transactions through digital channels and at the 40,000 Santander network ATMs worldwide and will not pay fees for basic services (debit and credit cards, domestic online transfers and Bizum), being able to add the personalised services they choose via a subscription.”
Santander further noted that the Santander One Iberia Plus program has three levels, which are Basic (free), Premium, and Elite, under the benefits increase depending on transactions and the products taken out. The Premium plan, for only four euros per month, offers 250 Avios per month for having a salary paid into the account and 250 more for having direct debits, with the possibility of earning Avios for every three euros spent with a credit card. The Santander One Iberia Plus Plan, the bank offers four other available plans for a fixed monthly fee of three euros for individuals and six euros for companies:
- Plan Santander One Viajes (travel): allows users to withdraw unlimited money at any ATM in the world with the Santander One Debit card and there are no fees for purchases in currencies other than euros. In addition, it includes a system to provide customers with emergency cash worldwide.
- Plan Santander One Atención VIP (VIP service): offers a personalized service 24 hours a day any day of the week to deal with problems with passwords, cards, or for any other reason.
- Plan Santander One Pagos (payments): allows users to make immediate and unlimited domestic and international transfers and pay in unlimited domestic cheques in euros at any branch.
- Plan Santander Seguridad Digital (digital security): provides customers with a 24-hour family protection legal service and offers the possibility to store passwords and valuable documents with the bank.