The cost of opening an account: From 1200 USD
The cost of opening an account: From1200 USD

General information

Name:Andbank
Country:

Andorra

Official site:http://www.andbank.com
Faunded:1 930
History:Andbank established in Andorra in 1930 is the oldest private bankers' firm in Andorra. It belongs to the private ownership of the third generation of Cerqueda family and Ribas family and is managed by the group of independent specialists; it has a network of more than 16 offices on three continents. The powerful banking family of Alexander in the 1900s helped create the bank with a large number of their assets and a significant level of political influence in the region.
Employees:English-speaking and Russian-speaking staff
Shareholders:Andorra La Vella, Andorra
Security:High
Presentation:

https://www.andbank.com/en/about-us/andbank-group/

Account

Terms of opening for admission (days):10
Opening terms for cancellation (days):10
Recommendations:Not required
Description of activity:Comprehensive and detailed
Account type:Personal accounts: investment / savings accounts
Departure to the bank:Not required
Required documents:For natural person the following are required: (1) passport, (2) proof of the address of residence. For companies standard package of constituent documents in copies is required.
Account opening, probability:Calculated and perceived
Particularities during account opening:It makes sense to open an account starting from the amonunt of 1 million euros. The Bank does not recommend clients to work with structures from "island" jurisdictions (Panama, Belize, BVI, Seychelles, etc.).

Terms

Annual turnover (minimum):1 000 000 €

Services and costs

Cost of account maintenance:800 EUR per year
Access to the account:Internet banking (е-andbank)
Bank services:Investment / savings personal accounts, corporate accounts for clients with personal account
Bank cards:Visa