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.

 

[liroyb]

Any particular reason why you would prefer Credit Andorra over Andbank?

 

[Sols]

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.

 

[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!!

 

[ecool]

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]

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?

 

[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.

 

[kilor]

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