Self Bank

What Self Bank does

Self Bank is a Madrid-headquartered, digital-first Spanish retail bank operating as the consumer-facing brand of Singular Bank S.A.U., a private credit institution supervised by Banco de España (registration no. 1490) and CNMV. Founded in 1999 as Self Trade Bank S.A.U. and rebranded in 2020 under the Singular Bank group, the platform has offered online investment and savings services to Spanish retail customers for over 25 years, with no physical branch network.

The platform's product suite spans daily banking (Cuenta Self checking account with free SEPA transfers and Visa debit/credit cards), savings (Cuenta Ahorro up to 1.5% TAE, 12-month deposits at 2.75% TAE, and a 3-month deposit up to 3.00% TAE tied to fund purchases), and a broad investment universe (over 10,000 mutual funds from 250+ managers, 2,700+ ETFs, and stock trading across Spanish, European, and American markets). The technology stack includes a web and mobile app secured by SSL 2048-bit encryption, virtual keyboard login, browser device registration, and app-based transaction authorization, with PSD2-compliant open banking APIs delivered via Redsys for third-party providers. Leveraged products (Quintuplica 5x / Tentuplica 10x margin accounts, CFDs on equities/indices/commodities/FX), a pledge-backed credit facility up to €250,000 (Crédito Pignorado), pension plans, a securities-lending service (Alquila tus Acciones), and a CASER-distributed life insurance product round out the offering.

The business model combines transaction-based fees (tiered trading commissions on Spanish, European, and American markets, €3 per fund operation, FX spread), recurring fees (monthly custody at €4.95+VAT per market waived when securities are lent above €5,000, subscription-based credit cards), and net interest margin on customer deposits and credit balances. Customer acquisition is product-led-growth via self-serve onboarding at clientes.selfbank.es, supported by phone advisory (Mon-Fri 8:00-22:00) and a content marketing engine spanning blog, podcast, Instagram, LinkedIn, X, Telegram, and YouTube. Self Bank serves Spanish retail investors and digital-first banking customers exclusively, with explicit restrictions excluding US persons and US territories.

Name

Self Bank

Legal name

Singular Bank S.A.U.

Website

https://selfbank.es

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Self Bank is the digital retail banking brand of Madrid-based Singular Bank S.A.U., offering Spanish consumers online savings accounts, term deposits, investment funds, ETFs, stock trading, margin, CFDs, and advisory through web and mobile, supervised by Banco de España.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Retail-focused Neobanks (Mass Market) (FSABAFAA)

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Online retail banking
• Investment brokerage
• Savings accounts
• Financial advisory
• Digital banking platform

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Trading commissions: Commissions charged for buying/selling securities including stocks, ETFs, warrants, and other financial instruments on various markets (Spanish, European, American). Tiered commission structure based on transaction amount and market.
2. Custody fees: Monthly custody fees for holding securities in investment accounts. Spanish market custody is free if securities are offered for lending above €5,000 and borrowed during the month. International values charged at 0.10% annually.
3. Deposit interest: Interest earned on customer deposits including savings accounts and term deposits. Offers competitive rates (e.g., 1.5% TAE on savings accounts with €20,000+ in funds).
4. Credit margin: Interest charged on credit facilities including margin accounts (Quintuplica/Tentuplica) and pledged loans (crédito pignorado). Variable rates based on Euribor plus spread.
5. Currency conversion: Spread applied on currency conversion operations for trading in different currency denominations, typically +/-0.50% from prevailing rate.
6. Alquila tus Acciones (Securities lending): Revenue share from securities lending program where customers lend shares and Self Bank takes 50% of interest with minimum 2% TAE.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Self Bank is a digital-first Spanish online bank (operated by Singular Bank S.A.U.) that offers retail customers checking and savings accounts, fixed-term deposits, investment funds (10,000+), ETFs (2,700+), stock and margin trading, CFDs, pension plans, securities lending, pledge-backed credit, debit/credit cards, and qualified financial advisory services through web and mobile channels.

Product overview

Self Bank operates as a digital banking platform offering savings, investment, financing, and advisory services. The core banking products include the Cuenta Self (checking account) and Cuenta Ahorro (savings account with up to 1.5% TAE), supplemented by fixed-term deposits with terms from 3 to 12 months offering rates up to 3.00% TAE. The investment platform provides access to over 10,000 mutual funds from 250+ managers, 2,700+ ETFs, and stock trading across Spanish, European, and American markets through both standard custody and fee-free Sin Custodia accounts. Leveraged investment products include margin accounts (Quintuplica/Tentuplica with 5x/10x leverage) and CFDs on stocks, indices, commodities, and forex. Financing options include pledge-backed credit (Crédito Pignorado) up to 250,000 EUR. The platform also offers a securities lending service (Alquila tus Acciones), pension plans, financial advisory, and a mobile app for secure banking operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Cuenta Self Primary checking account for daily banking operations with free maintenance and national/SEPA transfers for individual clients.
• Cuenta Ahorro Remunerated savings account offering up to 1.5% TAE (1.489% TIN) when holding a minimum of 20,000 EUR in funds, ETFs, or pension plans.
• Depósito 12 meses 12-month fixed-term deposit for new clients offering 2.72% TIN / 2.75% TAE with quarterly interest payments and no conditions.
• Depósito Especial 3 meses 3-month special deposit offering up to 3.00% TAE (2.967% TIN) when combined with at least 30% investment in linked funds.
• Fondos de Inversión Investment funds platform providing access to over 10,000 funds from 250+ national and international managers, with no custody fees for non-indexed funds.
• ETFs ETF trading with access to over 2,700 instruments and 0 EUR commission on purchases of 250+ selected ETFs.
• Bolsa Sin Custodia Stock trading account with 0 EUR custody fees, enabling trading across Spanish, European, and American markets.
• Cuenta de Bolsa Investment account for buying and selling stocks and ETFs with tiered commission structure based on transaction amount and market.
• Quintuplica y Tentuplica Margin trading accounts providing 5x (Quintuplica, up to 25,000 EUR) or 10x (Tentuplica, up to 50,000 EUR) leverage for stock trading at Euribor 1M + 500 bps.
• CFDs sobre Acciones, Índices, Materias Primas y Divisas Contracts for difference enabling leveraged trading on stocks, indices, commodities, and foreign exchange with variable spreads.
• Tarjetas Visa Débito y Crédito Card offerings including Visa Débito (first issuance free), Visa Classic Crédito (free if used 3+ times in 6 months), Visa Platinum (10 EUR/month), and Visa Infinite (20 EUR/month).
• Crédito Pignorado Secured credit facility using investment funds as collateral, allowing up to 250,000 EUR for consumption or investment purposes.
• Asesoramiento Financiero Financial advisory services provided by qualified experts to assist clients with investment and savings decisions regardless of financial knowledge level.
• Plan de Pensiones Pension plans with risk levels from 1 to 7 for long-term retirement savings with potential tax benefits.
• Alquila tus Acciones Securities lending service allowing clients to earn returns by lending their shares to borrowers; Self Bank takes 50% of the interest with a minimum 2% TAE.
• App Self Bank Mobile application for iOS and Android providing secure access to accounts, push notifications, virtual keyboard login, and primary device authentication for operations.

Quantifiable outcome

• 0€ commission on purchases of 250+ ETFs
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• CASER, Compañía de Seguros y Reaseguros, S.A.coreChannel Partner/ Reseller/ DistributorCASER is an insurance company with whom Self Bank maintains a distribution agreement as a Bancassurance linked operator (Operador de Banca Seguros Vinculado) registered with the Dirección General de Seguros (nr. OV0091). Self Bank distributes life insurance products under this partnership, with Coventia Legal S.L. as the underwriting agent.
• Redsys (Sistemes de Pagament)coreTechnology or IntegrationRedsys provides the PSD2 open banking infrastructure (sandbox and production APIs) enabling third-party provider access for account information services (AIS) and payment initiation services (PIS). They also provide 24/7 technical support for TPPs.
• Bolsas y Mercados Españoles (BME)coreTechnology or IntegrationBME is the Spanish stock exchange and clearing house. Self Bank executes trades through BME markets and charges applicable BME fees (canon de bolsa) and settlement fees (canon de compensación) as outlined in their fee schedule.
• OCU (Organización de Consumidores y Usuarios)minorChannel Partner/ Reseller/ DistributorOCU has a specific service contract with Self Bank for providing services to OCU members, with a dedicated contract document available (Contrato de Prestación de Servicios para Socios OCU).

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• MyInvestor: El Corte Inglés/Andbank-backed Spanish digital neobank offering similar investment-led retail banking (indexed funds, ETFs, brokerage, deposits, and credit). Closest direct peer to Self Bank: same geography, same core product mix, same digital-only distribution, very similar target customer.
• Openbank: Santander-owned Spanish digital bank offering checking accounts, deposits, broker-style investment products, and credit. Direct competitor in the same Spain-only digital retail banking/investing category as Self Bank, with corporate backing as a key difference.
• Renta 4 Banco: Spanish listed broker and online investment platform offering funds, ETFs, equities, and advisory services to retail investors. Highly comparable in product scope (multi-asset trading, custodial accounts, advisory) and in geographic focus on Spain.
• Indexa Capital: Spain's largest robo-advisor, offering automated indexed-fund portfolios to retail investors. Comparable as a digital-first Spanish investment platform; differs by specialising in discretionary portfolio management rather than Self Bank's broader brokerage/deposit catalogue.

Emerging players

• Trade Republic: Berlin-based European neobroker expanding aggressively in Spain with zero-commission equities/ETFs, savings products, and a regulated banking licence. Comparable in offering a digital investment-first retail account with low fees; differs by being a pan-European rollout funded by large VC rounds.
• Interactive Brokers (Spain): Global low-cost multi-asset broker serving self-directed Spanish retail investors with very low commissions and a wide product catalogue. Competes directly with Self Bank's Bolsa and ETFs offering on price and catalogue breadth, though without the deposit/lending overlay.
• Finizens: Spanish/Swiss indexed-investing robo-advisor for retail investors via passive fund portfolios. Comparable as a digital Spanish investment platform targeting self-directed savers; narrower scope (no deposits/credit/brokerage) than Self Bank.

Broad incumbents

• Bankinter: One of Spain's largest retail banks with a long-standing digital-first consumer franchise (Bankinter Inversión, Broker Bankinter). Overlaps with Self Bank on Spanish retail investment and savings but operates full branch banking, mortgages, and corporate banking at much larger scale.
• ING España: Dutch-headquartered direct bank operating in Spain with online savings, brokerage, and consumer credit products. Comparable digital-only retail banking model with similar savings/investment customer base, though backed by a large European incumbent.

Regional players

• Revolut: UK-headquartered global neobank with active Spanish customer base, offering multi-currency accounts, stock/ETF trading, and savings. Overlaps with Self Bank on digital retail investment for Spanish residents; differs by being a pan-EU platform rather than a Spain-regulated bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/selfbank
• YouTubeyoutube.com/@SelfBankESP
• Facebookfacebook.com/self.bank.esp
• LinkedInlinkedin.com/company/self-trade-bank
• Instagraminstagram.com/selfbank_es

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Self Bank