Four Local Banks
As of today, you’ll find four banking institutions within the borders of Andorra. At one point Andorra had five banks, but Vall Banc (previously known as Banca Privada d’Andorra, which closed shop following accusations of money laundering) has since been absorbed by Crèdit Andorrà.
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 Andorra banks:
Andbank
Banc Sabadell d'Andorre
Crèdit Andorrà
Morabanc
Chacune des banques citées ci-dessus est nationale et appartient à l'Andorre. Elles répondent principalement aux besoins bancaires privés et de consommation de la population andorrane et des entreprises locales.
While offshore banking was once important to the Andorran economy, the exchange of information treaties has resulted in a drop in this area.
Certaines banques sont plus "numérisées" que d'autres, mais toutes proposent des services bancaires sur Internet. Toutes offrent des services de cartes de retrait et de recharge, généralement avec Visa et Mastercard.
Payment processing is available through RedSys, although you’ll probably need help setting it up as it’s not a straightforward process. Mortgages for les biens immobiliers andorrans sont également disponibles.
