Russian
English
Cost of account opening
от 900 EUR
General information
Name
Credit Andorra SA
Country
Andorra
Official web-site
https://www.creditandorragroup.com
Bank history
History of the Credit Andorra Bank, founded in 1949, has more than 60 years. In January 2007, it merged with CaixaBank SA. Currently Credit Andorra Andorra is a leading bank of Andorra in terms of aggregated assets (12 270 million EUR at the end of 2010). There is the largest network of offices in the country: 17 regular branches of the Bank and three automated offices. Four entities were created in the structure, which are located outside of the country («Private Investment Management» in Geneva; two «SICAV» in Luxembourg; Banque de Patrimoines Privés, «Valira Capital Asset Management» in Madrid) and operating offices outside Europe (representative office in Montevideo (Uruguay); «Banco Credit Andorra (Panamá)»; entity of «Credit Andorra Panamá Securities»). Thus, geographical spread of the Bank includes Spain, Luxembourg, Switzerland, the USA, Mexico, Panama and Uruguay. In the near future offices will also opened in Paraguay and other South American countries.
World rating
1283
Country Rating
1
Founding date
1949
Account Opening Terms
Recommendations
Required
Description of activity
Exhaustive and comprehensive
Account type
Savings
Minimal turnover
0
Accounts types
Personal; Corporate; Savings
Required documents
In order to open an account you must provide the following set of documents: a set of statutory corporate documents, letters of recommendation from a bank (any bank); data of ultimate beneficial owner (beneficiaries), copy of passport, proof of residence (registration), proof of the origin of funds (varies depending on the source: certificate of inheritance, the documents confirming the sale of real estate and others).
Minimum balance
500000
Limit of transfers (per month)
5
Initial founding fee
500000
Account opening nuances
Opening an account is possible without visiting the country of the bank
Account opening, possibility
Calculated and perceived
Cost and nuances of account maintenance
Translation cost
The standard tariff for transfer is 0.56% of the transferred amount. Upon arrangement with the personal manager, the client may be provided with a discount in the amount of 50% of the specified rate. Minimum rate for transfer is 120 EUR.
Enrollment fees
There is no fee for crediting funds to the account
Account maintenance cost
Standard of Rates for Banks in Andorra was developed to be applied to the banking system of Andorra, and all banks must follow the foregoing standard and apply the appropriate rates. The tariff for maintaining the account is 600 EUR per year. For customers contributing substantial investments, the rate may be reduced upon agreement with the personal manager. Fixed rate may be 0.50 - 1% of the amount (fixed rate is not included in the Standard of rates)
