The Luxembourg banking system is very developed. The interests of the client in the bank sector
are above all, therefore, the non-disclosure of bank secrets is protected at the legislative level
and clients can rely on the confidentiality of information. Luxembourg is a perfect country
conducting international business.
Corporate
A corporate account has a wide range of instruments, as well as a range of different types of
lending. Provides trade and structured finance services for your business in Luxembourg, both
for operating companies and for holding one. The corporate account offers the development of
individual solutions in the field of corporate finance - the acquisition of assets, securities,
and other operations.
Merchant
A merchant account is a special type of trading account. The owner can accept payment cards VISA,
Master Card, and others, as well as receive money from the bank accounts of clients. Merchant
is a trading account. Also, keep in mind that the money from the merchant does not go to the
current account immediately, but after a while: this is done to return the money to the client
as soon as possible if he made a transfer by accident.
Escrow
The escrow account is a special account for the secure settlement of payments between a buyer
and a seller. The buyer deposits the money in an escrow account, and the seller can collect
it when he fulfills the conditions previously prescribed in the contract. The Bank, as an
intermediary, monitors the fulfillment of these
conditions.
https://www.luxlegal.eu/en/banking/
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