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Opening an account in Mora Banc (Andorra)

Opening an account in Mora Banc (Andorra)
  • Price:1200 eur
  • Term:1,5 months
About bank

Banca Mora is a subsidiary of Banc Internacional d'Andorra, collectively referred to as BIBM. Mora Bank is built as a family business and is based on the best traditions of private banking.

This is one of the largest banks in Andorra. Core Services: Wealth Management, Wealth Management, Insurance, Mortgages and Investments.

The main office is located in Andorra la Vella.

Name
Mora Banc
Category
Investment
Opening date
1,5 months
Price
1200 eur
Bank Features
  • Visa payment cards;
  • transfers via SWIFT and SEPA systems;
  • deposits up to 100,000 EUR are protected by a guarantee;
  • multi-currency accounts in dollars and euros are available;
  • remote account opening;
  • individual rates.
Who are the accounts for?

Morabank serves private and corporate clients from all over the world who are ready to invest in the bank's products. An account for a company can only be opened if there is an open personal account.

Account types

Settlement, savings and investment accounts. Operating activity on accounts is limited.

Bank rates
Account opening:
for private and corporate persons
no commission.
Minimum deposits:
account balance/investments
500 000 EUR
Account service:
for private and corporate persons
800 EUR /year
Bank visit

To open an account with Mora Banc, a personal visit to Andorra or a bank branch is not required. Our specialists will ensure that all identification procedures are completed online by organizing a video conference with the bank.

Account opening procedure
1
Getting to know the client and his business
2
Collection and preparation of documents
3
Sending documents for compliance
4
Preliminary positive response from the bank
5
Video conference with a banker
6
Filling out bank forms
7
Gaining access to the account

Please note that according to international account opening standards, each bank is required to adhere to the KYC procedure, therefore, the bank will require documents and data confirming the identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse to cooperate without giving reasons.

In order to avoid such negative consequences, contact specialized lawyers for a preliminary consultation on opening foreign accounts, and we will tell you all the nuances of how to open an account in the Andorran bank - Morabanc.

Popular questions
What types of accounts does Mora Banc (Andorra) open?
Morabank opens current, savings and investment accounts. For assistance in opening an account, preparing documents and completing the compliance procedure, leave a request on our website and we will contact you immediately.
How long does it take to open an account in Mora Banc (Andorra)?
The opening period varies depending on the complexity of the client and the type of account, on average - 1.5 months
Is it possible to open an account in Mora Banc (Andorra) online?
The account is opened remotely, but video identification of the client is required.
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