Open a Bank Account in Luxembourg
Who can open a bank account in Luxembourg, the documents needed for personal and company accounts, and whether it can be done remotely. Contact our agents.
If you would like to open a bank account in Luxembourg for personal or corporate purposes in 2026, we kindly invite you to get in touch with our team of company formation agents and ask for details and assistance.
| Quick Facts | |
|---|---|
| Who can open a bank account in Luxembourg | Both natural persons and companies, local or foreign |
Formalities to open a bank account | – natural persons: employment contract or proof of income for expats; – legal persons: company documents, certificate of registration for shareholders |
Required documents | – Articles of Association for companies; – Valid passport, residence certificate, utility bills for expats |
| Types of bank accounts | – current, – for savings, – offshore accounts |
| Debit or credit card issued with a bank account | Yes, depending on the financial purposes |
| Cash deposit to open a bank account (YES/NO) | Some banks require a small deposit to open the account |
| Fees to open a bank account | For issuance of a debit or credit card |
| Banking services offered (YES/NO) | Yes |
| Possibility to open a bank account online (YES/NO) | Yes |
| Possibility to pay the utility bills (YES/NO) | Yes |
| Overseas money transfers accepted (YES/NO) | Yes |
| Formalities for student bank account | Letter from the university, proof of courses in Luxembourg |
| Loans option available (YES/NO) | Yes |
| Offshore bank accounts (YES/NO) | Yes |
| We provide support to open a bank account | We can manage the formalities |
Who can open a bank account in Luxembourg?
Bank account opening in Luxembourg is available for:
- natural persons: Luxembourg citizens, residents, and non-residents;
- companies: domestic and foreign businesses.
What are the steps to open a bank account in Luxembourg?
- choose a bank;
- prepare the documents in accordance with your status (employee, business owner, company director);
- submit the documents for the due diligence checks;
- activate the account/ get your card.
Is it possible to open a bank account remotely in Luxembourg?
Yes, many banks now offer this option.
What are the documents I need to supply when opening a bank account in Luxembourg?
The following papers/ acts need to be submitted:
- ID or valid passport, depending on your legal status (the residence permit can also be used if you are a foreign citizen living in Luxembourg);
- proof of address: a recent utility bill is usually used; however, Luxembourg banks also accept the home insurance certificate;
- income proof: pay slip, work contract, etc.;
- tax identification code, no matter if you are a resident or non-resident.
Below, you can discover an infographic on this topic:
What are the documents required to open a bank account for a company in Luxembourg?
The following need to be prepared and filed:
- the company’s Articles of Association;
- the business permit/ commercial license;
- ID/ passports of the shareholders and directors;
- proof of the registered address.
IMPORTANT! For both personal and corporate bank accounts, financial institutions could ask for additional documents as proof of source of funds.
What is the most important aspect to consider when I am a foreigner and want to open a bank account in Luxembourg?
Make sure to translate and certify foreign-issued documents, no matter if you want to open the account for personal use, or most importantly, for corporate use.
Can I open a bank account from overseas?
Yes, it is possible to open a bank account in Luxembourg from overseas, on the internet. Opening a bank account online is quite a simple procedure if all the documents are provided. However, you still need to present the documents to the bank at the time you need to collect the credit card. To simplify things even more, you can appoint our consultants with a power of attorney and let us represent you with the financial institutions in Luxembourg, in order for you to skip traveling to this country.
How long does it take to open a bank account in Luxembourg in 2026?
Personal bank accounts take between 3 and 10 business days to open, depending on the chosen bank.
Corporate accounts take longer, usually about a month, due to the Anti-Money Laundering and Know-Your-Client verifications to be completed.
Here is a video presentation about bank accounts in Luxembourg:
What are the types of banks I can set up accounts in Luxembourg?
You can choose between national and international banks with branches in Luxembourg, depending on your preferences.
Do Luxembourg banks request minimum deposits when opening accounts?
Some banks do, while others don’t. However, it often depends on the bank’s policies, as well as on the type of account you want to create.
Can a bank refuse my application for opening an account?
Private banks in Luxembourg impose specific conditions for opening a bank account as a non-resident, so if the criteria aren’t met, then the institution has the right to refuse potential clients. Instead of dealing with such problems, you can talk to our company formation agents in Luxembourg and find out how you can open a bank account as a non-resident in this country, as a natural person or businessman.
Can I close a bank account and open a new one in Luxembourg?
Yes, you need to open a new bank account, transfer the money, and then close the old one. Our agents can help you.
You are invited to contact our company formation agents in Luxembourg for extra information about how to open a bank account in Luxembourg as a non-resident.
Daniel Milano, Financial Consultant, Sigtax · 2 October 2026