One of the oldest banks in Luxembourg is the Banque de Luxembourg. The bank is an investment bank and has been offering its services since 1920. The main clients of the bank are successful individuals, businessmen, family offices and their businesses to which the bank provides professional wealth management and multiplication services.
Together with the development of Luxembourg as a financial sector, the Banque de Luxembourg has grown to be one of the players in the field of investment funds and other equally important areas, and now it is professionally managing the assets of its clients.
Throughout the bank’s long history of successful operation, the Banque de Luxembourg has always adhered to reasonable principles that allow it to develop a long-term and profitable strategy for the bank. The bank does not seek to develop or sell its own property, the main motivation of the Banque de Luxembourg is to achieve the goals and fulfill the tasks of its clients.
Success and long-term operation of the Banque de Luxembourg in the international market can also be attributed to the aptitude of bankers to predict the macroeconomic situation that affects the banking sector as a whole. Therefore, should any legislative amendments, regulatory and fiscal changes arise, the bank’s goal is to offer its clients the maximum possible level of stability and trust. Today, more than ever, the bank’s clients need professional support to make responsible and important decisions.
In order to provide the necessary service and deliver the best solutions, the Banque de Luxembourg does not only scrutinize the regulatory documents regarding the country of residence of its clients, but also analyzes intangible assets (values, vision, education, reputation, experience, and so on) which are often the heart of the success of a family or a business.
To date, the Banque de Luxembourg manages about 5 billion euro. Professional services and the multilingual client account maintenance are provided by more than 200 European and foreign independent asset managers and insurance companies.
Open a Private Account with the Banque de Luxembourg
Banque de Luxembourg offers its private clients to be attended by experienced private bankers only, as well as independent investment services (iiS) for flexible account structuring, and certainly the opportunity of using the services of private banking and asset management.
The minimum deposit to open an account with the Banque de Luxembourg is 500 thousand EUR.
|Annual account maintenance|
|Including Internet banking||25 EUR|
|Correspondence sent by mail (weekly/daily)||50 EUR/100 EUR|
|Keeping correspondence at the bank||100 EUR|
|Additional address||25 EUR per address|
|Annual account maintenance||Numbered account|
|Including Internet banking||125 EUR|
|Correspondence sent by mail (weekly/daily)||50 EUR/150 EUR|
|Keeping correspondence at the bank||200 EUR|
|Additional address||25 EUR per address|
|Annual account maintenance||Account for a non-commercial company|
|Administrative services||450 EUR|
|Digipass for Internet banking||The 1st one is free, the 2nd is 10 EUR + VAT 17%|
|Certification and Payment Orders|
|Standard order||50 EUR + correspondent’s fees on special orders|
|Statement on the account for the current year||Free of charge|
|Statement on the account for the previous year (down to 10 years)||50 EUR + VAT 0%|
|Tax returns statement||Min. 125 EUR + VAT 17%|
Internet banking by the Banque de Luxembourg
Banque de Luxembourg provides a digital iiS Web-based platform to all of its clients. Designed specifically for asset management professionals, this platform will allow you to control your accounts and submit your directions to the bank in line with your organizational set-ups. In addition, the platform will also allow you to use convenient reporting services.
Digital and mobile banking services of the Banque de Luxembourg are available at any convenient time from anywhere in the world. Banque de Luxembourg provides all of its clients with secure access to their assets and guarantees real-time service 24/7 via a banking website or mobile banking using the BL Mobile Banking app.
Payment Cards and Account Control
Banque de Luxembourg offers a wide choice of debit and credit cards by the leading providers such as VISA/Mastercard in accordance with your preferences and priorities. For a detailed comparison of card products by the Banque de Luxembourg, please click the link.
Thanks to flexible limits and monthly card statements, VISA WEBCARD is an excellent instrument for online shopping. This card is not intended for use in offline shops or ATMs.
VISA WEBCARD is connected to the 3D security system that performs an international identification process to ensure secure online payments, and limits the risk of fraud.
VPay Debit Card
This card was developed for the bank clients’ children. It is a free debit card for teenagers aged 12 to 18.
VPay allows cash withdrawals and payments for purchases. Also, the card ensures the opportunity for depositing money and earning the interest using the loyalty program that will allow you to gain from the regular card use, and of course the card guarantees access to internet banking.
The VPay card provides an opportunity of getting advice from a professional consultant, and of taking advantage of discounts in many chain stores of Luxembourg.
VISA Infinite Credit Card
The VISA Infinite credit card is an up-scale card product with attractive opportunities to facilitate your daily life and achieve the maximum level of convenience during your international trips.
VISA Infinite provides a professional concierge service. Like concierge service at boutique hotels around the world, this card provides a number of top-class services. VISA Infinite is accepted in many hotels, restaurants, and luxury outlets. Multilingual staff is on duty 24/7 to meet the needs and wishes of the card holders around the world.
Holding Visa Infinite while traveling is a great way to improve your journey by getting a better travel experience whether you are travelling alone or with your family.
Attractive travel insurance that will protect you against losses if your luggage is delayed or lost, or your flight and related flights are delayed.
If your flight is delayed (for at least 4 hours), cancelled or overbooked and so on, the card insurance will cover your food, accommodation, transfers and additional expenditures for the purchase of new flight tickets.
The VISA Infinite card offers many more opportunities and privileges. It is accepted by millions of outlets globally. Your card will have limits on payments and cash withdrawals in line with your requirements. You will set an upper limit on your card together with your private banker with the Banque de Luxembourg. This limit can be changed at any time you prefer.
|Credit and Debit Cards|
|VISA or MASTERCARD|
|VISA WEB||15 EUR|
|VISA Classic / MasterCard Blue||25 EUR|
|VISA Premier||100 EUR|
|VISA f||100 EUR|
|VISA Business||100 EUR|
|VISA Infinite||350 EUR|
|MasterCard Gold||75 EUR|
|MasterCard Silver||100 EUR|
|Urgent issuing of card or PIN||75 EUR|
|Cash||2.00 EUR + 2%|
|Payments in minicash outlets||Free of charge|
|CAPITOL VISA or MasterCard|
|CAPITOL VISA or MasterCard||250 EUR|
|Urgent issuing of card||100 EUR|
|Urgent issuing of PIN||50 EUR|
|Cash||3% (minimum 6 EUR)|
|Payments in minicash outlets||Free of charge|
|Annual account maintenance||25 EUR|
|Withdrawals from ATMs in the European Union||Free of charge|
For more information on the debit and credit card fees at the Banque de Luxembourg please visit this page.
Investment Approach of the Banque de Luxembourg
Since the Banque de Luxembourg is a professional investment bank, the main priority and policy of the bank is to increase the capital of its clients.
Investment strategy of the Banque de Luxembourg is was developed by a team of asset managers in Luxembourg. Asset management is focused on capital protection and long-term plans.
Core investment products of the Banque de Luxembourg are associated with such investment products as BL investment funds, investments to individual funds, and asset management mandates, alternative investments, and money market products.
For more information on all of the Banque de Luxembourg investment products please click here.
In order to explain the reasons why entrusting your assets to the investment team of the Banque de Luxembourg is worth it, the bank has brought out six explanations:
- Asset management capabilities based on the 90 years of history
Banque de Luxembourg is regularly awarded for quality asset management by the international rating agencies and professional media in the field of finance.
- Long-term analysis
The bank’s investment methodology is long-term and aimed at protecting capital and achieving all of the set goals.
- Focus on simple principles and transparency
The bank’s investment strategy is based on simple principles which also mean avoiding “trendy” investments with insufficient transparency.
- Privileges of an open structure
The bank’s clients have access to a range of international investment funds providing strategies and management styles that are in line with the bank’s policy.
- Getting a fully independent advice
Since the bank does not invest in its own accounts, it can independently advise the most attractive and profitable products to invest in.
- Privileges of international presence of the Banque de Luxembourg
The bank offers access to different stock markets around the world, as well as professional asset management at the same international level.
Procedure of Opening a Private Account with the Banque de Luxembourg
It is worth noting that the bank provides the possibility of remote account opening. For this, you should adhere to the procedure described below and thus you will be able to become the holder of a foreign account with the Bank de Luxembourg seamlessly and without leaving the country of your residence. The minimum deposit for opening an account is 500,000 euro.
- After that we will move on to collecting the information that is required for opening your account.
Account signatories that are individuals must provide the following:
- Filled out, printed and signed copies of the bank papers for opening an account;
- Notarized copy of your travel document (pages with your photo and signature).
- Proofs of residence (utility bills);
Translated and notarized copy of a utility bill or a bank account statement to confirm your residence address.
Note: This document must be no older than 3 months by the time the account-opening package is submitted, and it must be translated into English and notarized.
- Reference letter from your bank and from a professional (a notary, a certified accountant, etc.) for all Directors/Managing Directors/Owners of the Company (desired but not required).
Reference letters must be no older than 3 months and issued by financial institutions with which the client has had relations for at least 2 years. It should also describe the type and status of these relations.
- Proof of the legal origin of your funds.
Note: all the documents must be translated into English and notarized.
The opening period of your account will be about 2 weeks upon providing a complete package of documents required for opening of the account.
Banque de Luxembourg can be your trusted partner in building a reliable system for protecting your assets and purchasing investment products. Please do not hesitate to email us to firstname.lastname@example.org to open a private account with the Banque de Luxembourg.