Banks in Andorra: you can go to these 4

If you want to live in Andorra, you should know that it is essential to know the country's 4 main banks.

If you want to live in Andorra, you should know that it is essential to know the country's 4 main banks. All of them offer high-quality services, have a consolidated network of offices and ATMs so you can count on cash at all times. from of ICOB we indicate you the banks in Andorra which you can access.

hand that inserts card automatic teller machine bank withdraw money business man mano hombres puts card credit atm

What currency is used in Andorra?

Andorra goes adopt the euro as the official currency in 2002, replacing the Spanish peseta and the French franc. In 2011, the Andorran government agreed with the European Union to issue Andorran euros from 2014. It is the only country that has four designs of the euro, highlighting the coat of arms of Andorra, the Romanesque church of Santa Coloma, the Casa de la Vall and the representations of local fauna such as the chamois and the trencalòs.

These are the 4 banks in Andorra that you have at your disposal

These are the 4 banks you have at your disposal in Andorra. Also, at ICOB we have a team of expert advisors to help you with any questions you may have regarding this.

Andbank

Andbank is a firm dedicated to the management of investment funds, committed to serving individuals, companies and institutions. Since its inception, it has demonstrated a constant commitment to the investment objectives of its clients, using their assets with professionalism and rigor.

The responsibility towards investors guides your decisions, focusing on preserving capital and maximizing investment potential with minimal risk. Thanks to its global experts, it provides a comprehensive view of the markets and the different investment strategies. Its services include discretionary management, global advice, real estate and investment instruments.

creating

creating is a very prominent financial group in Andorra since 1949. Some of its advantages are:

  • Specialized equipment. It has highly qualified and committed professionals who specialize in different areas to comprehensively manage clients' wealth.
  • Open architecture. It offers access to a variety of products and investments both domestically and internationally.
  • Personalization It promotes specialization in products and services to increase differentiation, adding value to the heritage of each client.
  • Unique and adaptable management model. It offers unique, stable and profitable investment solutions based on asset preservation and protection.
  • International solidity. Creand is part of a financial group with presence in Spain, Luxembourg, Miami, Mexico and Panama, among others.

morabanc

morabanc is a family-owned banking group, belonging to the Mora family. They are engaged in different activities such as insurance and asset management, among others.

business team present professional investor trabajando nuevo proyecto inicio meeting finanzas

In addition, they have international operations in locations such as Miami and Switzerland. Its origin dates back to 1958, when it was recognized with several awards, especially in the areas of digitization and solvency.

Currently, they have services of personal management to offer more accessibility to the finances of companies and individuals. One of its main values is the transparency, so they make all the information available to the client in a clear way, guaranteeing reliability and security in all operations.

How do you open an account at one of the banks in Andorra?

The opening of a bank account in Andorra is available to both individuals and businesses, regardless of place of residence. The required documentation may vary depending on the personal circumstances, including the legal typology of the holder, the amounts of the transactions, the type of residence and the assets to be maintained.

close-up financial advisor pointing to place signing contract

Some of the documents that can be requested include the personal identification through the DNI, driver's license or passport, tax statements and banking In addition, it will be necessary to provide documentation that justifies the lawful origin of the funds, since Andorran banks have a firm policy against money laundering.

This means that the proof of solvency it is an additional step that involves the presentation of payrolls, tax returns or accounting results in the case of companies and businesses. For those with Andorran residence, specific documentation related to this status will be required, such as residence card, temporary residence number and tax or social security number.

In conclusion, choose one of the Andorran banks it is a fundamental step to establish your residence in the country. Andbank, Creand and Morabanc offer comprehensive financial services with a focus on transparency and international soundness. In addition, the adoption of the euro and the issuance of Andorran euros highlight the country's integration into the European economy. fromICOB we help you throughout the process, ensuring informed financial decisions.

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