Banking in Andorra: a guide to the main Andorran banks (MoraBanc, Andbank, Crèdit Andorra), how to open an account and the Principality's financial system.
The bank in liquidation had been without a controller for two years, and now a person considered close to Andbank has been selected, according to a report published by Altaveu. The appointment raises questions about the role's functions, its independence, and the future of the proceedings. What has happened with the failed BPA in Andorra? The news… Read more
According to the referenced news report, Andorran banks manage more than three times as many assets within the European Union as they did five years ago. This figure points to increased international activity, although it does not, on its own, allow us to conclude that profits have grown proportionally. Key data: Assets managed in… Read more
Complaints filed with the Andorran Financial Authority (AFA) increased in 2025, rising from 18 to 31 in a single year. This data reveals which financial disputes most frequently reached the Andorran regulator. Key data: 31 complaints received by the AFA during 2025; 18 complaints registered during 2024; 8 complaints related to insurance and policies; 10 complaints… Read more
Andorra is moving towards a financial system with greater control over digital transactions. On August 12, 2026, the government approved two bills that extend anti-money laundering obligations to virtual asset transfers and update rules on market abuse. The measure does not yet amount to a… Read more
A return of 31% APR on up to €70,000 can be attractive for those who keep cash in their accounts. Myandbank has announced a new savings campaign valid until December 31, 2026, with different conditions for new customers and those already using the service. Key details: Promotional return: 31% APR. Limit… Read more
Last updated: June 2026. Banks in Andorra 2026: MoraBanc, Creand, and BancSabadell d'Andorra compared. Andorra has four main 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 company, or simply want to open an Andorran account, this guide compares each one… Read more
Discover how the current Andorran financial system works, its strict anti-money laundering controls, and the tax advantages of operating completely legally.
