To open a banking account in Andorra banks often require client to be resident of Andorra or owner of some property in Andorra. The procedure usually takes twenty-thirty minutes. Banks commonly request 100 Euros of initial balance on the account and provide passbook a week later.

Andorra does not have restrictions on transferring funds to any country in any currency. However suspicious activities that may be linked to money laundering activities are carefully monitored by Andorran banks.

Below are the list of banks providing offshore banking services in Andorra:

andbanc – Grup Agricol Reig – 120 years of experience in asset management worldwide;

Banc Internacional d’Andorra – Banca Mora (BIBM) – providing asset management service; also offers a personalized solution to customers with a significant volume of assets, requiring active and professional management for their financial assets;

Banca Privada d’Andorra – personal and corporate commercial banking;

Banc de Sabadell d’Andorra – provides private and commercial banking, has also online banking and additional services;

Banking System Of Andorra – provides full commercial banking services in Andorra;

Barclays International – Structured Deposits – investments that protect your capital;

British Capital Group – A Globla Financial Power-House Offshore Company Formation;

Crèdit Andorrà – Commercial & Private Banking;

Patrimoine Assegurances – Bank has five branches. Operating since 1935;