5 Local Banks
As of today, you’ll find 5 banking institutions within the borders of Andorra.
Each of them are available to the general public and are accepting new individual accounts along with business banking clients. You can choose from the following banks:
Banc Sabadell d’Andorra
Every bank listed above is national and domestically owned. They mainly serve private and consumer banking needs for the Andorran population and local businesses.
In the years prior, offshore banking was very important to the Andorran economy. However, with the exchange of information treaties, those offshore positions have reduced.
Some banks are more “digitised” than others, but all feature internet banking. All offer debit and credit card facilities, typically with Visa and Mastercard.
Payment processing is available through RedSys and mortgages for real estate in Andorra are available as well.