LuxFinance Hub

Luxembourg's most complete Finance & Banking resource

Master Your Finances in Luxembourg

Detailed banking, salary, tax, investment, and insurance information for residents, cross-border commuters, and expats living in Luxembourg. All content is for informational purposes.

Banking in Luxembourg

How to Open a Bank Account

Step-by-step guide with required documents and timelines for major banks like BGL, ING, BCEE, and Raiffeisen.

Types of Accounts

Personal, joint, business, youth, and digital accounts explained with advantages and eligibility.

Bank Fees Explained

Breakdown of monthly charges, card fees, ATM costs, and international operations.

Best Banks for Expats

Comparison of account opening speed, online banking, and international transfer support.

Tax System

Tax Classes

Explanation of Class 1, 1a, and 2 and how they affect your salary.

Salary Calculation

Gross vs net salary, social contributions, withholding tax, and annual declarations.

Cross-Border Taxation

Information for French, Belgian, and German frontaliers with double-taxation agreements.

SEPA & Transfers

SEPA Transfer Times

Timelines for standard and instant SEPA transfers.

International Transfers

Comparison between banks and fintech platforms (Revolut, Wise) for speed and cost.

Transfer Limits

Daily and monthly limits and how to request increases.

Investing

Beginner Guide

Introduction to ETFs, stocks, bonds, SICAV funds, risk levels, and getting started.

Investment Apps

Reviews of DEGIRO, Trade Republic, Bourse Direct, eToro, and bank platforms.

Safe Investment Options

Government bonds, savings plans, and low-risk ETFs for conservative investors.

Insurance

CNS Health Insurance

Coverage details, reimbursement delays, and private supplementary insurance options.

Car Insurance

Third-party vs full coverage, premium comparisons, and rules in Luxembourg.

Home Insurance

Differences between tenant and owner insurance, flood protection, and costs.

Financial Calculators

Salary Calculator

Mortgage Calculator

Disclaimer & Policies

LuxFinance Hub is an educational website providing information on finance, banking, taxes, investments, and insurance in Luxembourg. We are not a licensed financial advisor, and the content on this site should not be considered financial advice. All information is for informational purposes only. Always consult a licensed professional before making financial decisions.

1. No Guarantee of Accuracy

While we strive to provide up-to-date and accurate information, LuxFinance Hub does not guarantee the accuracy, completeness, or timeliness of the content. Use the information at your own risk.

2. Financial Calculators & Tools

Calculators and planning tools on this site are estimates only. Results may vary based on individual circumstances.

3. Affiliate & Sponsored Links

Some links may be affiliate or sponsored links. We may earn a commission at no extra cost to you, but this does not influence our content or recommendations.

4. Privacy & Cookies

We respect your privacy. Minimal data may be collected for site performance, and we do not sell personal information. Cookies may be used to improve your experience.

5. Conclusion

This site is for educational and informational purposes only. It is not a substitute for professional advice.


Frequently Asked Questions (FAQ)

Q: Is this financial advice?

No. Consult a licensed professional for personalized advice.

Q: Are calculator results guaranteed?

No. They are estimates and may differ from real outcomes.

Q: Should I rely solely on this website?

No. Verify information with official sources and professionals.