The only 3 banks in Andorra

Andbank es uno de los únicos tres bancos en Andorra
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If you are going to live in Andorra, then you need to open a bank account. We tell you your options because there are only three banks in Andorra, but their services are quality. They have a wide network of branches and ATMs that you can find in all the parishes of the Principality.

Which are the banks in Andorra?

When it comes to financial services in Andorra, there are only three banks that offer everything you need. Their opening hours are from Monday to Friday, but it is necessary to consult in detail at each branch of these banks in Andorra.

Andorran banks allow cash withdrawals using all major cards, including Visa, Mastercard, American Express, etcetera. Payment by card is available in many establishments: stores, accommodations, leisure activities, supermarkets, restaurants, etc. To consult more information about the banks in Andorra, it is necessary to enter directly the Association of Andorran Banks website.

Morabanc es el resultado de múltiples fusiones

On the other hand, the official currency of Andorra is the euro, which has been in force in the Principality since 2002. Before the euro, the Spanish peseta and the French franc were used simultaneously in Andorra. It was not until 2011 that the Andorran government signed a monetary agreement with the European Union to issue Andorran euros from 2014. It should be noted that Andorra is the only country with minted euros following four designs. These are:

  • Coat of arms of the Principality (two euro coins).
  • Casa de la Vall (one euro coins).
  • Romanesque church of Santa Coloma (coins of 50, 20, and 10 cents).
  • Chamois and bearded vulture (5, 2, and 1 cent coins).

Andorran financial system

The country’s financial and banking sector is a key element to consider if you want to invest in the Principality or establish your economic activity here. Beyond the low taxes, which are a great attraction, we tell you that the banking system is one of the pillars of the country’s economic activity. Until not many years ago, the Principality had five banks; however, today, it is possible to find only three banks in Andorra. These financial institutions have more than 90 years of experience.

Generally speaking, these entities focus on commercial banking, private banking, and asset management but also have room for insurance. These entities have everything necessary for future residents who want to open current accounts in Andorra. However, it is important to comply with specific requirements, as banking in the Principality is regulated and supervised by the Andorran Financial Authority.

Moreover, for the past few years and following the entry into force of numerous information exchange agreements, the Principality is no longer a tax haven, and there is no longer banking secrecy. And what are the banks in Andorra?


Andbank is a bank resulting from the merger of Banc Agrícol i Comercial d’Andorra SA. and Banca Reig, SA. in 2000. However, this financial entity defines itself on its website as “private bankers for 90 years”. Its main objective is to work for its clients and offer quality financial products in Andorran territory and other countries, including Spain.

This bank is in 12 countries, has five banking licenses, three asset managers, six fund managers, four brokerage firms, one representative office, and 44 branches. This bank has different fees that vary depending on the type of account. For example, the account maintenance fee has a bimonthly payment of 18.00 euros, while the account opening study fee for business models is 5,000 euros. It is important to approach the entity to know the different interest rates in Andorra.nterés en Andorra.


Digital banking in Andorra? Creand offers you all the services of a traditional bank but now also allows Bizum to and from Spain. Undoubtedly, it is an unbeatable solution for Spanish immigrants. Creand has more than 70 years of experience and is a benchmark sustainability bank that seeks to promote digitalization. It is an expert bank in international private banking and wealth management.

Creand es uno de los tres bancos en Andorra

This is one of the banks in Andorra with a presence in Spain and Luxembourg. In America, the financial entity has expanded to Panama and the United States (Miami).


Morabanc is another bank in Andorra with a family tradition. Bonaventura Mora opened 1938 the Comptoir Andorra de Change, a currency exchange office that served as the root of this bank expert in private banking. Morabanc’s history is linked to various mergers and share purchases dating back to 1962 with the purchase of the former Banco Coma.

In the 1970s, Morabanc opened its doors to BBVA, but in 2006, the founding partners bought 51% of the shares owned by BBVA to become a fully Andorran group.

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