Last updated: May 2026
Banks in Andorra 2026: MoraBanc, Creand and BancSabadell d'Andorra compared
Andorra has four major banks Supervised by the AFA (Autoritat Financera Andorrana): MoraBanc, Creand (formerly Crèdit Andorrà), BancSabadell d'Andorra, and Andbank. If you are applying for residency, setting up a business, or simply want to open an Andorran bank account, this guide compares each institution based on the criteria that truly matter: ease of opening an account for foreigners, fees, digital banking, and access to investment products.
Key data on the Andorran banking system (2025)
- Banking entities supervised by AFA: 4 banks + several specialized financial institutions
- Total assets of the banking system: ~€44 billion (2024)
- Average Tier 1 capital ratio: >15% (well above the Basel III minimum)
- Guaranteed deposits: up to €20,000 per holder and entity (ASGARD)
- Tax treaty with Spain: FATCA + CRS active since 2018
- SWIFT/IBAN: Andorra has an AD code; SEPA compatible since 2016
Source: AFA — Andorran Financial Authority / Annual Report 2024
Andorran banking system: what you should know before choosing
Andorran banks have a long-standing reputation for discretion and financial stability. Following the automatic exchange of information agreements (CRS/FATCA), this discretion is no longer a distinguishing factor compared to the EU—today all Andorran banks share data with the tax authorities of their clients' countries of residence. What remains a distinguishing feature is the financial strength, the wealth management services and the personalized attention for international clients.
To open an account, all Andorran banks require:
- Valid passport or national identity card
- Proof of income or activity (payslip, self-employed invoices, income tax return)
- Proof of address (in Andorra or in country of origin)
- Declaration of source of funds (AML/KYC)
Without Andorran residency, opening an account as a non-resident is possible in all banks but usually requires an in-person visit and may take longer (2–6 weeks).
Comparison: MoraBanc vs Creand vs BancSabadell d'Andorra vs Andbank
| Bank | Customer profile | Digital banking | Non-resident opening | Wealth management | Languages attention |
|---|---|---|---|---|---|
| MoraBanc | Retail + private | ⭐⭐⭐⭐⭐ | Half | Yes (>€100K) | CA / ES / EN / FR |
| Creand | Retail + company | ⭐⭐⭐⭐ | Half | Yes (>€50K) | CA / ES / EN / FR / PT |
| BancSabadell d'Andorra | Business + SMEs | ⭐⭐⭐⭐ | Easy (Sabadell group) | Limited | CA / ES / EN |
| Andbank | Private banking | ⭐⭐⭐ | Difficult (high minimums) | Yes (>€500K) | CA / ES / EN / FR / PT |
MoraBanc: the most technological
MoraBanc is the leading bank for digital and expatriate clients. Its mobile app is the highest-rated in the Andorran market, offering instant SEPA transfers, fixed-term deposit opening directly from the app, and fund portfolio management. It has a presence in 11 countries through its international branch and is the most active bank in acquiring non-resident Spanish-speaking clients.
- Current account: Maintenance fee from €0 (subject to payroll or minimum balance)
- VISA debit card: free first year
- Online banking: 24/7 in ES / EN / CA / FR
- Investment: Own funds + open architecture from €5,000
Creand (Crèdit Andorrà): the most oriented to companies
Rebranded as Creand after its international expansion, the historic Crèdit Andorrà is the largest financial institution in the country by assets under management. It stands out for its offerings for businesses and the self-employed: business current accounts, POS terminals, working capital financing, and access to ICF lines of credit for investment. For residents with Andorran businesses, it is often the first option recommended by local business consultancies.
- Company account: No maintenance fee if billing > €100K/year
- Opening a notary account (for share capital): streamlined process, 5–7 days
- Business debit and credit cardVISA Business
- Wealth managementFrom €50,000 in Creand Asset Management funds
BancSabadell d'Andorra: the gateway for Spanish customers
A subsidiary of Spain's Banco Sabadell, it is the institution that generates the least friction for customers who already have an account with Sabadell in Spain. Coordination between branches streamlines the opening and transfer of accounts. It is the bank most focused on... Companies with cross-border operations between Spain and Andorra and residents from Catalonia or the Valencian Community.
- Account opening coordinated with Sabadell offices in Spain
- Mortgage finance specialists in Andorra
- Good service for SMEs with suppliers or customers in Spain
- More limited wealth management than MoraBanc or Creand
Which bank should you choose based on your profile?
- Digital nomad / freelancerMoraBanc (better app, faster for non-residents)
- Andorran company / LLC: Creand (quick notary opening, complete business banking)
- From Spain / Catalonia: BancSabadell d'Andorra (coordination with Spanish account)
- Net worth > €500KAndbank (specialized private banking, global investment architecture)
In practice, many Andorran residents have accounts with two entities: one for daily operations (MoraBanc or BancSabadell) and another for business or investment (Creand or Andbank).
