Banking in Andorra 2026: opening an account as a foreigner
Discreet, well-capitalised banks — geared to residents, with real substance checks.
Andorra's banks (Andbank, MoraBanc, Crèdit Andorrà) are well-capitalised and private-banking oriented, but geared to residents and clients with genuine ties; opening needs real substance and source-of-funds proof. It uses the euro by agreement. Andorra now exchanges information under CRS — its old secrecy is gone.
Opening a bank account in Andorra
Andorra's three main banks — Andbank, MoraBanc and Crèdit Andorrà — are solid and private-banking focused. They open accounts mainly for residents and clients with genuine local ties, with thorough due diligence; a simple non-resident account is hard without substance.
Multi-currency, crypto and moving money
Andorra uses the euro under a monetary agreement (it isn't in the EU, and SEPA access differs, though euro transfers work). It adopted CRS and tax-information exchange years ago, so the old image of secretive Andorran banking no longer applies — accounts are reported.
At a glance
| Item | Detail |
|---|---|
| Open as non-resident? | Hard — geared to residents |
| Typical documents | Residency/ties, passport, source of funds |
| Currency | EUR (by agreement) |
| Crypto | Cautious; emerging framework |
| CRS reporting | Yes (CRS; secrecy ended) |
Where it fits in a borderless plan
Andorra suits those taking genuine residence for its low taxes. Banking is one pillar of a borderless setup. Line it up with where you are tax-resident, your Bitcoin self-custody plan, and the rest of daily life — healthcare and schools. Compare countries in our banking-abroad guide.
Frequently asked questions
Can a foreigner open a bank account in Andorra?
Hard — geared to residents. Typical documents: Residency/ties, passport, source of funds. Requirements vary by bank and change over time, so confirm current rules before you rely on them.
Can I use Wise or Revolut and hold foreign currency in Andorra?
Currency options: EUR (by agreement). Most globally mobile people pair a local account with a multi-currency app for cheap FX. Check each provider's availability for your nationality.
Is Andorra crypto-friendly for banking?
Cautious; emerging framework. Banks and regulators treat crypto cautiously and rules move fast — verify the current position with your bank before moving funds.
Directories & official sources
Providers and rules change — these are the authoritative directories and regulators to check for current, complete listings:
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