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Banking in Luxembourg

Best banks in Luxembourg for expats & digital nomads

Opening a bank account is one of the first things you do after moving to Luxembourg. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.

How to open a bank account in Luxembourg

Both residents and non-residents (including cross-border workers) can open an account with a valid ID, proof of address and usually an employment contract or proof of income; you receive a Luxembourg (LU) IBAN and a free LuxTrust certificate. Opening typically takes one to two weeks.

Our top pick

Wise multi-currency account

Wise is the option we recommend for almost anyone moving to Luxembourg: hold and convert 40+ currencies, get local account details to be paid like a local, and send money at the real exchange rate with low, transparent fees. It works before you even arrive, so you can receive income and pay deposits while your local account is still being set up.

Open a free Wise account →

Affiliate link: we may earn a commission at no cost to you. Wise is a fintech, not a bank; balances are safeguarded, not covered by deposit insurance.

Top banks in Luxembourg

Spuerkeess (BCEE)

traditional
State bank, largest branch network, expat service

State-owned savings bank and the default for many residents; dedicated Expat Service lets you open before arrival, semi-operational until you sign in branch.

BGL BNP Paribas

traditional
Cross-border workers, digital tools

Part of BNP Paribas with an expat/cross-border desk; you can apply once you have an employment contract, including before arriving.

BIL (Banque Internationale a Luxembourg)

traditional
Oldest bank, retail to private range

The country's oldest bank; offers online opening via BILnet and packages for newcomers and young clients.

ING Luxembourg

traditional
International and tech-sector employees

Subsidiary of the Dutch ING group, popular with internationals; relatively low-friction onboarding.

POST Finance

traditional
Wide counter network, simple basic banking

Banking arm of the national postal operator with presence via post offices; the eboo app handles day-to-day banking.

Banque Raiffeisen

traditional
Cooperative model, strong outside the capital

Member-owned cooperative bank; branch visit usually required to open.

International accounts & neobanks

Revolut

Available to Luxembourg residents and now offers a Luxembourg (LU) IBAN, though employers and landlords sometimes still prefer a local bank.

N26

German-licensed mobile bank available in Luxembourg; opens in minutes from a phone.

bunq

Dutch mobile bank available across the EEA including Luxembourg; app-based opening with an ID.

Availability changes; confirm on each provider's site.

Next steps in Luxembourg

See the full Luxembourg tax, cost and visa profile, or compare Luxembourg with other destinations. Not sure where to go yet? Take the finder quiz.