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How to Open a Bank Account in Luxembourg (2025 Guide)

Opening a bank account in Luxembourg is a straightforward process if you follow the right steps and have the correct documents. We develop an expertise after several years of opening bank account for our client.

Step 1: Choose the Right Bank

Luxembourg is home to many reputable banks, such as BGL BNP Paribas, Banque de Luxembourg, Spuerkeess, and ING Luxembourg. Compare banks based on services offered, fees, languages, online banking options, and international support.

Step 2: Gather the Required Documents

To open a bank account in Luxembourg, you will usually need:

  • Valid passport or national ID card
  • Proof of address in Luxembourg (utility bill, rental agreement, or residency certificate)
  • Proof of income or employment (employment contract, payslip, or company registration for entrepreneurs)
  • Residence permit (for non-EU nationals)
  • For companies: articles of association, shareholder list, business plan, certificate of registration, and identity documents for shareholders and directors

Step 3: Book an Appointment or Apply Online

Many banks allow you to start the application online, but a visit to a local branch or a video call may still be required for identity verification. Schedule an appointment and bring all necessary documents.

Step 4: Go Through Compliance Checks

Luxembourg banks have strict anti-money laundering (AML) and know-your-customer (KYC) policies. Be prepared to answer questions about your occupation, income, and the purpose of the account. For business accounts, you may need to explain your business activity and expected transactions.

Step 5: Account Approval & Activation

Once your documents are verified and compliance checks are complete, your account will be opened. You will receive your IBAN, bank cards, and online banking credentials. The process can take from a few days (for personal accounts) to a few weeks (for business accounts).


FAQ: Opening a Bank Account in Luxembourg

Can non-residents open a Luxembourg bank account?

Yes, many banks in Luxembourg welcome non-residents, but requirements and fees may differ.

Is it possible to open an account online?

Some banks offer online onboarding, especially for personal accounts. However, in-person or video identification may be necessary.

Do I need to deposit a minimum amount?

Some banks require a minimum initial deposit (especially for business accounts). Always check with your chosen bank.

What is the best bank for expats or international entrepreneurs?

Most major banks in Luxembourg have English-speaking staff and international account services. BGL BNP Paribas and Banque de Luxembourg are popular among expats.


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