Credit Andorra

[liroyb]

I'm currently discussing with them on personal account opening (non-resident) for deposit in the range of 300,000-500,000 EUR but I don't know enough about them (Mostly Andbank has been mentioned on the forum) and would welcome insights from other forum members. Thank you.

 

[Sols]

Can summarize many years of experience as generally positive.

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This is the probably the answer to your question.

 

[liroyb]

Sols said:
Can summarize many years of experience as generally positive.
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Any particular reason why you would prefer Credit Andorra over Andbank?

 

[Sols]

liroyb said:
Any particular reason why you would prefer Credit Andorra over Andbank?
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I've had slightly more experience with Credit Andorra than Andbank, so I'm not able to make a proper one to one comparison. AFAIK, neither is particularly better or worse than the other.

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This is the probably the answer to your question.

 

[nobel]

Andorra banks are predators, do not adhere to the SEPA rules and charge a lot of fees even when you money received.
A small locker costs 7.000€ per year. The same in Spain 50€. Why Andorra?

Crazy price!!

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Last edited: Jan 11, 2024

 

[ecool]

nobel said:
Andorra banks are predators, do not adhere to the SEPA rules and charge a lot of fees even when you money received.
A small locker costs 7.000€ per year. The same in Spain 50€. Why Andorra?

Crazy price!!
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The price of a locker is not really indicative. Andorra is a extremely small country compared with Spain, and the amount of bank branches in Andorra is very small compared to the same in Spain, so it makes sense they charge more for that precious locker space

 

[nobel]

ecool said:
The price of a locker is not really indicative. Andorra is a extremely small country compared with Spain, and the amount of bank branches in Andorra is very small compared to the same in Spain, so it makes sense they charge more for that precious locker space
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Sorry, that's nonsense. Liechtenstein is much smaller and a safe deposit box only costs 60CHF/64EUR! The same in Andorra from 3.800€. What do they say now?

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[Sols]

If you're looking for transactional banking and safety deposit boxes, I'm not sure why you went to Andorra. Not every bank is going to fit everyone.

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This is the probably the answer to your question.

 

[kilor]

You can get safety deposit boxes as cheap as in Lichtenstein in Switzerland.