Open a Bank Account in Gibraltar

Updated on Thursday 09th February 2023

Rate this article
based on 5 reviews

Open-a-bank-account-in-GibraltarBanking activities in Gibraltar fall under the regulations of the Banking Ordinance enabled in 1992. Banks are supervised by the Federal Services Commission. Also, Gibraltar banks follow EU directives when it comes to regulatory standards which has turned the Rock into a preferred destination for foreign investors interested in setting up companies in the financial sector. The Gibraltar International Bank is the country’s national bank and was enabled in 2015. There are over 10 private banks operating here, some of them as subsidiaries or branches of foreign institutions. Those interested in opening a bank account in Gibraltar can choose any of them, depending on their needs and preferences.

Types of bank accounts in Gibraltar

The National Bank of Gibraltar allows both local and foreign citizens to open personal or mortgage bank accounts in the Rock. Personal bank accounts can further be divided into:

  • -          current accounts, which are also the most employed;
  • -          savings accounts.

Savings accounts can have immediate access or can be opened for a fixed period of time. Those seeking to purchase a property and need a loan can set up a mortgage account in Gibraltar.

Foreign enterprises opening companies in Gibraltar are also required to have a bank account in this country. Gibraltar banks allows them to set up corporate bank accounts.

Our company formation representatives can assist you in setting up corporate bank accounts in Gibraltar.

We invite you to watch our video on how to set up a bank account in Gibraltar:

How to set up a bank account in Gibraltar

Many banks in the Rock offer the possibility of opening a bank account through an online procedure, however it is advisable to go in person when opening a current account. The following documents must be provided:

  • -          copy after the ID, passport or driver’s license;
  • -          proof of Gibraltar residential address, such as a recent utility bill;
  • -          a prescribed application form.

Certain banks may also verify the clients’ credit worthiness if they have an account with another bank. Most Gibraltar banks will issue debit cards when opening the account, while others will also offer other facilities such as overdrafts.

For more information on setting up a bank account in the Rock, do not hesitate to contact our company registration agents in Gibraltar.


Meet us in Gibraltar

Call us now at (+44) 203-287 0408 to set up an appointment with our lawyers who are handling company formation procedures in Gibraltar. Alternatively you can incorporate your company without traveling to Gibraltar.

As a our client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Gibraltar.



BridgeWest takes great care of selecting its affiliates worldwide and Gibraltar is no exception.

Francesco Dagnino, Partner of
Lexia Avvocati

Read more testimonials
Our Articles:

For Website Owners

SEO banner

Are you a website owner? We are open to different partnerships and collaborations.