Opening a bank account in Luxembourg


Wondering how to open a bank account in Luxembourg? Find some guidelines in this article.

If you are moving to Luxembourg to work, you will probably want to open a bank account. This will allow you to receive your salary and perform many other transactions, whether or not you are a resident in Luxembourg. Procedures regarding the opening of a bank account in the country are quite simple. But you are advised to inquire on the banking system and on particular aspects before choosing your bank.

Banking system

Thanks to its successful economy, having attracted a large number of foreign investors over the years, Luxembourg hosts many private banks as well as big banking groups. Among these, you have the BGL BNP Paribas, the Banque et Caisse d'Epargne de l'État, the Kredietbank, the Crédit Européen, the Banque de Luxembourg and the Crédit Agricole Indosuez Luxembourg. Many banks are also part of the Association des Banques et Banquiers du Luxembourg (ABBL). You will find a list of these banks in the ABBL's online directory.

 Good to know:

In general, fees related to the opening and management of a bank account, tax discounts, interest rates, etc., vary from one bank to another.

As regards border workers and regular travelers, they can opt for the remote bank account management service.


To open a bank account in Luxembourg, the following documents have to be produced:

  • a valid identity card or passport
  • proof of address
  • a certificate of legal capacity (inquire with the District Court)
  • proof of income (pay clip, allowances, rents, etc.)
  • copies of any loan contract in progress.

The bank will inform you on all fees related to the opening of the account. Moreover, Luxembourg banks are likely to question you regarding the origin of your bank deposit in accordance with the anti money laundering and terrorism struggle.


Non-residents, including border workers, are also entitled to some facilities. In fact, they are eligible to a local V-Pay credit card. They can also obtain a Mastercard or Visa according to the nature and source of their revenue in Luxembourg.

Debit and credit cards are also entitled to credit lines of up to 2,000 according to the holder's regular income. Finally, it is very easy and quick to open a savings account, especially as your funds are available immediately. However, it is compulsory to declare the source of all income coming from outside of their home or residence country.

 Useful links:

Association of Bankers of Luxembourg (ABBL)
ABBL – Member banks

We do our best to provide accurate and up to date information. However, if you have noticed any inaccuracies in this article, please let us know in the comments section below.
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