Does Santander Bank offer Stocks?
No, Santander Bank does not have a Stocks or Shares investing app built into their online banking platform. If Santander customers want to buy Stocks, they will need to sign up with a regulated stockbroker in their jurisdiction.
With this method, customers will be able to deposit fiat from the Santander online banking account via Bank Transfer or Bank Wire.
How to buy Stocks or Shares with Santander Online
The best way to buy Stocks, ETFs and other securities with a Santander Bank account is through the eToro stock brokerage platform. eToro is a globally regulated company with over 20 million users that offer over 7,000 stocks to buy, sell and trade for zero commissions and tight spreads.
To get started investing in Stocks with eToro, follow our simple guide:
- Open Brokerage Account: Sign up with eToro.
- Deposit Fiat: Connect your Santander Bank account to eToro and deposit GBP, EUR, USD or AUD from Santander via bank transfer.
- Find Shares: Search the eToro platform to find the Stock, Share or ETF you want to buy.
- Trade: Input the fiat amount of Stocks you want to buy and execute your trade.
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Santander Bank Stock Buying Fees
There are no fees to deposit or withdraw fiat from Santander Bank. When buying Stocks on eToro, there are no commission fees charged. Instead, eToro charges a small spread on each trade.
The buy and sell price of each Stock will be slightly different due to this spread. For example, if the current price of Apple Inc. (AAPL) is $500 and the spread is 0.5%, the buy price will be $502.50 and the sell price will be $497.50.
About Santander Bank
Santander Bank is a subsidiary of the Spanish Santander Group. It is one of the largest banks in the world by market value, and offers a wide range of financial products and services through more than 5,000 branches and 14,000 ATMs throughout Europe, Latin America, and the United States.
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Santander was founded in 1857 as Banco Santander, and is headquartered in Madrid, Spain. The bank has more than 102 million customers and employs over 140,000 people worldwide. Santander Bank's U.S. operations began in 2002 with the acquisition of Sovereign Bank.
The bank offers a wide range of financial products and services for both personal and business customers, including checking and savings accounts, credit cards, loans, and investment products. The bank also offers online and mobile banking services.
Santander Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and is subject to regulations set by the Office of the Comptroller of the Currency (OCC). Santander Bank is an equal opportunity lender.