Banco Santander's Official Announcement: This Opportunity Is Unique and Will Be Within Your Reach

Banco Santander has decided to make a shift in its Select personal banking model. This will bring a pleasant surprise for many of its clients.

Starting in the coming months, the financial institution will open the doors of its exclusive Select club to any client. Regardless of whether they meet the asset or income requirements that were previously necessary. This change represents a unique opportunity that will allow more people to enjoy exclusive privileges.

Previously, they were reserved only for high-net-worth clients.

What Is Banco Santander Select?

The Select personal banking service was launched by Banco Santander in 2010 with the aim of serving clients with a high financial profile. Originally, it was aimed at users with assets exceeding 100,000 euros or a salary over 3,000 euros per month. Additionally, it was also intended for company executives or individuals with high financial potential.

However, with the newly announced measure, the bank will expand this service to a larger number of clients. The catalog of privileges of the Select personal banking has always attracted those who have had the opportunity to access this service.

Among the new benefits are the use of VIP lounges at airports, fast-track access to flights, and other exclusive travel services. Additionally, Select club members can also enjoy up to five hours of handyman service or a chef at home. This demonstrates the level of comfort and exclusivity offered to them.

How Will Access to the Select Club Work?

What stands out most about the announcement is that, in the coming months, Banco Santander will open this exclusive service under a subscription model. That is, any client who wishes to access the benefits of Select will be able to do so through a periodic fee. This decision represents a significant change for the institution.

This way, it adapts to the new trends of neobanks. Which have popularized this model of relationship with users.

This model will no longer depend solely on the high income or assets of the users. Banco Santander will allow more clients to enjoy exclusive services through a monthly or annual subscription. This will provide a new opportunity for those who wish to access a more personalized banking experience with a range of unique benefits.

This change reflects a trend that is becoming increasingly common in the banking industry. More and more banks are offering services under the subscription model. This allows clients to access a series of privileges without needing to meet the strict financial requirements of the past.

With this new measure, Banco Santander seeks to adapt to the expectations of today's consumers. They increasingly demand greater flexibility and added value in exchange for a regular fee. Thus, the institution positions itself as a modern bank, at the forefront of trends and in line with the needs of clients.