Banking in Andorra

[liroyb]

How safe Andorra as banking jurisdiction nowadays? Which bank would you recommend for non-resident, CreAnd or Andbank?

 

[pomegranate]

Non-resident accounts are under special scrutiny nowadays. I looked at all this a while ago so I might not be the most up-to-date. From what I hear you can still open an account but the best chance is through connections. You need to have a compelling rationale for opening a bank account in Andorra as a non-resident. It will take time....

Safety is an elusive concept. Which risks are you most concerned about?

 

[Martin Everson]

AndBank has a Fitch rating of BBB

https://www.fitchratings.com/research/banks/fitch-revises-andbank-outlook-to-stable-affirms-idr-at-bbb-28-09-2022

Credit Andorra has Fitch rating of BBB-

https://www.fitchratings.com/research/banks/fitch-affirms-credit-andorra-at-bbb-outlook-stable-15-09-2023

 

[Martin Everson]

@liroyb You could also consider MoraBanc as a non-resident.

Abrir cuenta - #tensunbanc - MoraBanc

Hazte cliente de MoraBanc y disfruta de nuestros productos y servicios. Rellena este formulario y nos pondremos en contacto contigo lo antes posible.

www.morabanc.ad

MoraBanc Group has Fitch Rating of BBB-

https://www.fitchratings.com/research/banks/fitch-affirms-mora-banc-grup-at-bbb-outlook-stable-08-10-2021

 

[kilor]

personal visit is required to open an account in Andorra bank right ?