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Opening an Account at Banque De Luxembourg

Banque Internationale à Luxembourg SA was founded over 150 years ago. Since 1999, the institution has been part of the large financial group Dexia. BIL is a leading bank in Luxembourg, with branches in Switzerland, Denmark, and the Middle East. Banque Internationale Luxembourg offers accounts for legal entities and personal accounts for non-residents. The bank provides services in insurance, investments, asset management, and issues bank cards of international standards.

Steps

01

Document Preparation

You need to prepare the company’s incorporation documents according to issuance and notarization requirements, personal documents of company participants, and complete bank forms. Proper form completion and accurate presentation of information are essential.

02

Application Submission

After preparing all documents, they must be submitted to the bank. During the review process, the bank may send additional questions and document requests. Timely and accurate responses are required.

03

Verification

Verification must be completed by visiting the bank’s office.

04

Receiving Access and Account Details

Once the account is successfully opened, the bank assigns the company account details and provides access credentials. Full activation may require a prompt minimum deposit, from which an account opening fee (if applicable) may be deducted.

Account at Banque De Luxembourg

Bank staff are ready to communicate with clients in English, Hungarian, French, Russian, or German. Thirteen currencies are available for account opening, and management is done through online banking in English, French, or German. Documents that may be required at BIL Luxembourg include:

  • Company registration and incorporation documents.
  • Documents verifying the identity and residence of the beneficiary.
  • Excerpt from the commercial register of the country where the legal entity is registered.
  • If the company has been operating for more than 12 months, a Certificate of Good Standing is required.
  • Correctly completed bank forms.
  • Documents confirming the legal origin of funds.

The entire package must be legalized — notarized, translated, and apostilled.

Fees at Banque Internationale Luxembourg

Those wishing to open an account at Banque De Luxembourg should familiarize themselves with the fees in advance.

  • Account opening is available to clients with a turnover of at least €300,000 — this amount is the minimum balance.
  • Initial deposit for account opening — from €75,000; the remaining amount is credited later.
  • Account maintenance — from €7.5 per month.
  • Outgoing transaction fee — from €0.5.
  • Incoming transfer fee — minimum 0.20% of the amount.

What to Consider Before Opening an Account at Banque Internationale à Luxembourg SA

  • Opening an account takes approximately 2 months.
  • Personal presence at the bank is recommended, but remote registration is possible.
  • The bank follows a “know your client” policy — if questions arise, the administration may request additional documents and extend the review period.

If your company is interested in opening an account at Banque De Luxembourg, our specialists are ready to provide detailed consultation and assist in preparing the document package.


Free initial consultation on legal issues, related to the daily activities of the business

Additional services

Frequently Asked Questions:

To open an account at Banque De Luxembourg, you need to complete and submit KYC and AML bank forms, company incorporation documents, and personal documents of directors and beneficiaries. The bank may additionally request contracts with partners and other information. Key persons must undergo verification for successful account opening.
An account at Banque De Luxembourg can be opened with the personal presence at the bank.
The current cost of maintaining an account at Banque De Luxembourg can be found on the bank’s website or by contacting our specialists.
The speed of account opening depends on the company’s specifics and the response time to bank inquiries. Typically, account opening takes about 2 months.

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