Santander eyes US operations through Verizon partnership, WSJ reports

, Reuters -  7:32 PM ET 3/17/2025 Company News

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print

(Reuters) - Spanish banking giant Banco Santander is pushing to expand its U.S. operations through a partnership that taps into Verizon's vast customer base, the Wall Street Journal reported on Monday.

The partnership will allow some Verizon customers to earn bill credits by opening high-yield savings accounts with Santander's new digital bank platform, the report added.

Santander will also consider other partnerships as it aims to become a full-service digital bank in the U.S., Ana Botín, Santander's executive chair, told WSJ in an interview.

Santander and Verizon did not immediately respond to Reuters' requests for a comment.

Last month, the Spanish bank announced various investments amounting to over $2 billion in Mexico over the next three years.

(Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Alan Barona)

(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print
close
Please enter a valid e-mail address
Please enter a valid e-mail address
Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "

Your e-mail has been sent.
close

Your e-mail has been sent.