Luxembourg Digital Bank — Compare Providers in Luxembourg

Regulation

Credit institutions, payment institutions and e-money institutions serving Luxembourg customers must be authorised by the CSSF or passport in from another EU member state under PSD2. Verify the entity in the CSSF's public registers before holding funds with a provider.

Local account details

Luxembourg accounts use the IBAN (LU + 2 check digits + 3-character bank code + 13-digit account number, 20 characters in total), which is the standard for both domestic and cross-border payments.

Local currency: EUR (Euro)

Payments and transfers

Luxembourg is a euro-area member: euro payments settle through TARGET2-Luxembourg at the Banque centrale du Luxembourg and through SEPA and SEPA Instant, while non-euro cross-border transfers use SWIFT; Luxembourg has no separate national retail card scheme and cards run on Visa/Mastercard rails.