Documents, checks and timelines - explained clearly
Banks in Andorra - what to expect
Andorra has three retail banks: Andbank, Creand (formerly Crèdit Andorrà) and Morabanc. Account opening is documentation-driven, with strict identity and source-of-funds checks. If you are planning to move to Andorra, it helps to treat banking as an early step so your utilities, internet and day-to-day payments are not delayed.
Banks will run Know Your Customer (KYC) checks. This is their standard process to verify identity and confirm source of funds before opening an account.
If your move involves buying property in Andorra or following a specific residency in Andorra route, we align the bank process with your timeline so deposits, fees and direct debits are ready when you need them.
What you need to open an Andorran bank account
- ID and address: passport or national ID, plus recent proof of address.
- Tax residency self-certification: with your tax identification number.
- Source of funds: evidence of income and assets (statements, payslips, dividends, sale contracts or company accounts).
- Purpose and profile: expected usage (salary, savings, property purchase, family relocation).
- Company accounts: corporate registry documents and beneficial owner details, plus trading evidence where relevant.
Resident vs non-resident accounts
Non-resident accounts can be considered case by case and usually require a clear profile and strong documentation. If you are relocating, the cleanest route is to align your bank setup with your Andorra residency application and your practical move-to-Andorra setup, so the bank sees a consistent address and purpose.
Fees, minimums and what it really costs
Banks publish official fee schedules, so you can verify account costs and conditions before choosing. If you are budgeting for a purchase, pair this with property buying costs in Andorra. If you are moving for tax reasons, read income tax in Andorra alongside your residency plan.
“Open an account. Open possibilities.”
Timelines
There is no fixed public timeframe. Accounts are opened once compliance checks are complete, and more complex profiles can take longer. The best way to avoid delays is to submit a complete, consistent document pack from day one.
How INVICO helps
- Match your profile to the most suitable bank and account type.
- Prepare and pre-check the KYC pack so it is complete before the appointment.
- Coordinate meeting booking, follow-ups and any translation needs.
- Align banking with property, residency and practical setup so nothing blocks your move-in date.