Banque Internationale à Luxembourg products, services and reviews

About Banque Internationale à Luxembourg

Banque Internationale à Luxembourg (BIL) is a universal bank headquartered in Luxembourg City, established in 1856, offering services to individuals, professionals, SMEs, corporates, and institutional clients. Its activities cover retail banking (current and savings accounts, cards, payments, mortgages, consumer loans), wealth management and private banking (advisory and discretionary mandates, multi‑asset portfolios, custody), and corporate and institutional services (lending, cash management, trade finance, capital markets and treasury, FX, and securities services). The bank operates a branch network in Luxembourg and provides digital access via the BILnet online and mobile platforms with strong customer authentication under PSD2. Internationally, BIL serves cross‑border clients and maintains a Swiss private banking subsidiary. The institution is supervised by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) and the Banque centrale du Luxembourg; customer deposits are protected by the Luxembourg deposit guarantee scheme (Fonds de garantie des dépôts Luxembourg) up to €100,000 per eligible depositor, with separate protection for certain temporary high balances subject to statutory limits. Transfers are supported across SEPA and via SWIFT, with standard fees and FX margins applying according to the bank’s tariff. Account opening follows Luxembourg AML/KYC requirements and typically requires verifiable identification, proof of address, and source‑of‑funds documentation; non‑resident and higher‑risk profiles are subject to enhanced due diligence. Shareholding is majority‑owned by Legend Holdings Corporation, with the State of Luxembourg retaining a minority stake. Clients should review the current schedule of fees, product terms, investment risk disclosures, and any cross‑border service restrictions before onboarding.