Banking

Living in Europe | Banking | Luxembourg
 

EURAXESS - Researchers in motion

 

You will need to open a bank account to make all your payments, e.g. for the initial costs of renting accommodation (estate agent fees, deposits, advanced rent) and later your regular expenses (monthly rent, electricity, gas, water, telephone, TV, etc.) which are normally paid by standing order.

 

Before you leave

Contact one of the major banks to take the necessary steps to open a current account.

Some banks offer special ‘starter packages’ for foreign workers, which can include free bank guarantees for the rented accommodation deposit or special rates for credit cards. In some cases, if you open an account at the same bank as your employer, you may also have some advantages.

Make an appointment in advance, in order to be able to finalise your bank account as soon as you arrive in Luxembourg.

 

 

On arrival

Either you will have made an appointment before leaving your country, or if not, you can go to the bank without appointement and ask to open an account. You will be given there the necessary forms to complete which will take some time and can delay your moving into rented accommodation.

In both cases, you will need your ID card or valid passport and preferably your employment contract.

 

 

Euro

1 euro = 100 cents