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BANK PROFILE · Luxembourg

ING Luxembourg

ING Luxembourg S.A.

ING Luxembourg S.A. is the Luxembourg bank of the ING group, refocused on private banking and wealth management as it winds down mass retail and business banking. It is credit institution number 14 on the CSSF list of Luxembourg banks under direct ECB supervision, registered at 26, Place de la Gare under RCS Luxembourg B6041, and eligible deposits are covered by the Fonds de garantie des dépôts Luxembourg up to EUR 100,000 per depositor, repayable within seven working days. The bank dates itself to 1960 through Crédit Européen and took its present form in 2003, when Crédit Européen SA merged with ING Bank (Luxembourg) SA. Its own history page states that it is progressively phasing out Mass Retail and Business Banking to concentrate on Private Banking and Wholesale Banking, so an ordinary current account is no longer the way in. The tariff of 1 June 2026 prices securities business in two published bands, Private Banking from EUR 1 million to EUR 5 million and Wealth Management above EUR 5 million; it charges EUR 250 a year per client number to maintain a current account and adds EUR 50 a quarter for clients who do not reside in the European Union. Private Banking clients can hold a discretionary, advisory or execution-only mandate, custody runs from 0.25% a year below EUR 1 million down to 0.15% above EUR 2 million with ING Group paper exempt, and term deposits start at EUR 25,000 in twelve currencies for one to twelve months and in four for two to ten years. Cards are Visa in both debit and credit form, and My ING covers online and mobile banking.

Jurisdiction
Luxembourg
Regulator
ECB / CSSF
Founded
1960
Headquarters
Luxembourg

01 · AT A GLANCE

The Luxembourg bank of the ING group, now a private bank as it withdraws from mass retail and business banking

  • Credit institution number 14 on the CSSF list of Luxembourg banks under direct ECB supervision
  • Roots to 1960 through Crédit Européen; present form from the 2003 merger with ING Bank (Luxembourg) SA; RCS Luxembourg B6041
  • ING's own history page states it is phasing out Mass Retail and Business Banking to concentrate on Private Banking and Wholesale Banking
  • Tariff bands published as Private Banking for EUR 1–5 million and Wealth Management above EUR 5 million
  • EUR 250 a year per client number to maintain a current account, plus EUR 50 a quarter for clients resident outside the European Union
  • Custody tiered from 0.25% to 0.15% a year, with ING Group securities exempt
  • Deposits covered by the Luxembourg FGDL up to EUR 100,000 per depositor, repayable within seven working days
Minimum deposit

Not documentedThe bank documents reviewed here state no minimum for opening an account. That does not mean there is none; the bank may state one on request.

Client segments

Private banking, Wealth management, Corporate

Service languages

English, French

02 · ACCOUNTS AND PRODUCTS

Documented accounts and products.

Current account

Current account

Current account priced in the Private Banking and Business Clients tariff, with no opening charge, no account management charge and an annual maintenance charge per client number. Free opening is stated to apply only to the bank's defined major currencies, and clients under a management mandate are exempt from the maintenance charge.

Segment
Private banking
Currencies
AUD · CAD · CHF · DKK · EUR · GBP · HKD · JPY · NOK · NZD · SEK · SGD · TRY · USD · ZAR
Savings account

Compte Vert savings account

Savings account carried in the Private Banking tariff with no account charge and free statements through My ING. Alongside the euro the tariff publishes separate incoming and outgoing value dates for seven further currencies. The account may not be overdrawn, and the bank reserves the right to limit transfers to accounts held under the same client number.

Segment
Private banking
Currencies
AUD · CAD · CHF · DKK · EUR · GBP · NZD · USD
Fixed deposit

Short Term Deposit

Fixed-term deposit at a rate set at subscription for one, three, six or twelve months, free of charges unless redeemed early. The published minimum is EUR 25,000 or its equivalent, and the bank lists twelve currencies.

Entry from
EUR 25,000
Segment
Private banking
Currencies
AUD · CAD · CHF · DKK · EUR · GBP · JPY · NOK · NZD · SEK · USD · ZAR
Fixed deposit

Medium-to-Long-Term Deposit

Fixed-rate deposit for a term generally between two and ten years, with interest paid annually or capitalised and no charges unless redeemed early. The published minimum is EUR 25,000 or its equivalent, in four currencies.

Entry from
EUR 25,000
Segment
Private banking
Currencies
CHF · EUR · GBP · USD
Custody account

Custody account

Safekeeping of securities, held with counterparties in some fifty countries. The commission is deducted annually at maturity on the value of the portfolio, falls across three tranches and carries a separate rate for precious metals. Savings certificates, funds, equities, bonds and structured products of the ING Group are exempt from the custody charge.

Segment
Private banking
Discretionary mandate

Discretionary mandate

Portfolio management delegated to the bank's investment team. No public entry minimum was established for the mandate itself: the tariff's EUR 1 million and EUR 5 million figures are securities-pricing bands, not a stated mandate threshold.

Segment
Wealth management
Advisory mandate

Advisory mandate

Tailored investment recommendations from the bank's investment experts, with every decision left to the client. No public entry minimum or management fee was established.

Segment
Private banking
Execution only

Execution-only service

Self-directed investing in which the client keeps full control and the bank executes the instructions. Orders placed through My ING are priced at a lower commission on the eight exchanges the tariff names.

Segment
Private banking
Payment card

Visa credit cards

Visa Classic, CyberCard, Gold and Platinum credit cards for individuals, plus two business cards, at monthly fees rising by tier. Foreign-currency transactions settle at the Visa International rate plus a 2% margin, with a further 0.50% for a merchant outside the zone Visa defines as Europe.

Segment
Private banking
Payment card

ING debit card

Debit card on the current account at a monthly fee, with free euro point-of-sale payments and a fixed charge on payments in other currencies. Foreign-currency transactions settle at the Visa International rate plus a 1% margin.

Segment
Private banking
Other

Wealth analysis and planning

Estate planning, succession and cross-border support from a wealth-planning team working alongside the private banker, covering the tax implications of a change of residency and support through an international move. The tariff prices it by the hour, excluding VAT.

Segment
Private banking

03 · WHAT IT COSTS

Published pricing.

ChargeAmountWhen it applies
Current account maintenance chargeAccount maintenance
  • EUR 250 per year
Charged across the whole banking relationship, not per service. Charged per client number per year. Opening the account and account management are otherwise free, and clients under a management mandate are not affected by this charge..Tariff brochure's extract for Private Banking Individuals and Business clients
Account management charge for non-EU residentsAccount maintenance
  • EUR 50 per quarter
Applies to clients resident outside the bank's home market. Charged across the whole banking relationship, not per service. Charged per client number per quarter to clients who do not reside in the European Union; account management carries no charge otherwise. The tariff publishes no list of accepted countries of residence..Tariff brochure's extract for Private Banking Individuals and Business clients
Account management charge for financial and patrimonial companiesAccount maintenance
  • EUR 625 per quarter
Charged across the whole banking relationship, not per service. Charged per client number per quarter to a financial or patrimonial company, alongside a EUR 125 opening charge and a EUR 250 annual maintenance charge. Opening is EUR 2,000 for complex financial institutions such as trusts, offshore vehicles, foundations, regulated funds, securitisation vehicles and SCSps. Clients under a management mandate are not affected..Tariff brochure's extract for Private Banking Individuals and Business clients
Custody account commissionCustody
  • 0.25% p.a., min. EUR 50 (up to EUR 1,000,000)
  • 0.2% p.a. (EUR 1,000,000 – EUR 2,000,000)
  • 0.15% p.a. (above EUR 2,000,000)
Excluding VAT and deducted annually at maturity, per tranche of portfolio value, subject to a minimum of EUR 12 per item and EUR 50 per account. Savings certificates, funds, equities, bonds and structured products of the ING Group are exempt. Bonds valued below par are counted at nominal value..Tariff brochure's extract for Private Banking Individuals and Business clients
Precious-metals custody rateCustody
  • 0.3% p.a.
Flat annual rate excluding VAT, published separately from the tiered securities scale..Tariff brochure's extract for Private Banking Individuals and Business clients
Securities transfer to another bankOther
  • EUR 100 per item
Charged per position. Transfers within ING Luxembourg and transfers in from another bank are free..Tariff brochure's extract for Private Banking Individuals and Business clients
Equity trading commissionTrading commission
  • 1.25%, min. EUR 75 (up to EUR 50,000) per transaction
  • 0.7% (above EUR 50,000) per transaction
Private Banking band, EUR 1 million to EUR 5 million, plus any local taxes. Both bands charge 1.25% with a EUR 75 minimum up to EUR 50,000; above that the Wealth Management band above EUR 5 million pays 0.60% rather than 0.70%..Tariff brochure's extract for Private Banking Individuals and Business clients
Equity trading commission via My INGTrading commission
  • 0.45% per transaction
Priced online. Self-directed rate on the eight exchanges the tariff names: Brussels, Paris, Amsterdam, Nasdaq, Amex, NYSE, London and Frankfurt. Purchases on the UK market add 0.50% stamp duty on the gross volume..Tariff brochure's extract for Private Banking Individuals and Business clients
Bond and precious-metals trading commissionTrading commission
  • 0.9%, min. EUR 50 (up to EUR 25,000) per transaction
  • 0.65% (EUR 25,000 – EUR 75,000) per transaction
  • 0.4% (above EUR 75,000) per transaction
Private Banking band, EUR 1 million to EUR 5 million. The Wealth Management band above EUR 5 million pays 0.80%, 0.55% and 0.35% across the same three brackets. Structured products are priced here on the secondary market; primary-market subscriptions are quoted in the product documentation..Tariff brochure's extract for Private Banking Individuals and Business clients
Third-party equity fund subscriptionTrading commission
  • 2.5%, min. EUR 50 per transaction
Private Banking band, subject to a EUR 50 minimum, with redemption charged a flat EUR 50 and the fund promoter's own fees payable in addition. The Wealth Management band pays 2.25%. Third-party bond funds are 1.5%, money-market funds 0.3% and alternative funds 3%; ING house funds carry no subscription charge..Tariff brochure's extract for Private Banking Individuals and Business clients
Non-SEPA outgoing transferOutgoing payments
  • 0.15%, min. EUR 5, max. EUR 120 per transaction
Priced online. Electronic format, subject to a EUR 5 minimum and a EUR 120 maximum. Paper transfers are 0.20% with a EUR 10 minimum and a EUR 200 maximum. Electronic SEPA transfers in euro carry no charge..Tariff brochure's extract for Private Banking Individuals and Business clients
Transfer with all charges borne by the remitterOutgoing payments
  • EUR 8 (up to EUR 12,500) per transaction
  • EUR 25 (EUR 12,500 – EUR 25,000) per transaction
  • EUR 40 (EUR 25,000 – EUR 50,000) per transaction
  • EUR 80 (EUR 50,000 – EUR 100,000) per transaction
  • EUR 100 (above EUR 100,000) per transaction
Banded by amount of transfer in euro, or its exchange value in foreign currency, where the remitter pays all charges. For transfers in non-EEA currencies or to non-EEA countries the bank may pass on correspondent charges above EUR 100..Tariff brochure's extract for Private Banking Individuals and Business clients
Non-SEPA incoming paymentIncoming payments
  • 0.15%, min. EUR 5, max. EUR 36 per transaction
Incoming SEPA payments carry no charge. The tariff prints a EUR 5 minimum and a EUR 36 maximum alongside the incoming rows..Tariff brochure's extract for Private Banking Individuals and Business clients
Exchange transaction chargeForeign exchange
  • 0.1%, min. EUR 3, max. EUR 250 per transaction
Charged on the amount of the transfer in euro or its exchange value, subject to a EUR 3 minimum and a EUR 250 maximum, on top of the service margin built into the conversion rate itself..Tariff brochure's extract for Private Banking Individuals and Business clients
Visa credit card foreign-currency marginForeign exchange
  • 2% per transaction
Added to the Visa International rate. A further 0.50% applies to any transaction with a merchant located outside the zone Visa defines as Europe..Tariff brochure's extract for Private Banking Individuals and Business clients
Debit card foreign-currency marginForeign exchange
  • 1% per transaction
Added to the Visa International rate on a transaction in a currency other than the account currency..Tariff brochure's extract for Private Banking Individuals and Business clients
Visa Platinum monthly feeCard fee
  • EUR 12.5 per month
Highest published individual tier. Visa Gold is EUR 7.50 and both Visa Classic and Visa CyberCard are EUR 2 per month, the CyberCard being free for ING Orange Account holders..Tariff brochure's extract for Private Banking Individuals and Business clients
Debit card monthly feeCard fee
  • EUR 2 per month
Charged on a current-account debit card. Point-of-sale payments in euro are free; payments in other currencies carry EUR 1 in addition to the exchange margin..Tariff brochure's extract for Private Banking Individuals and Business clients
Cash withdrawal at another bank's ATM in a foreign currencyCash withdrawal
  • 2.5% per transaction
Published as EUR 3.50 plus 2.50% of the amount; only the percentage component is modelled here. Withdrawals at ING Luxembourg ATMs are free, and a euro withdrawal at another bank's ATM is free once a month and EUR 2 thereafter..Tariff brochure's extract for Private Banking Individuals and Business clients
Inactive account control and managementInactivity
  • EUR 60 per quarter
Charged per client number per quarter under the law of 30 March 2022. Research is billed at EUR 75 an hour plus VAT with external research reinvoiced at cost, and internal and external research together may not exceed 10% of the assets or EUR 25,000..Tariff brochure's extract for Private Banking Individuals and Business clients
Wealth analysis and planning feeAdvisory
  • EUR 300 per item
Charged per hour, excluding VAT..Tariff brochure's extract for Private Banking Individuals and Business clients

Figures are shown in the currency the bank publishes them in and are not converted. This is not a complete tariff — always read the full source document.

04 · SERVICES

What the bank offers.

“Not disclosed” means the bank does not state this publicly — it is not a statement that the service is unavailable.

Investment

  • Discretionary portfolio managementOffered
  • Investment advisoryOffered
  • Execution-only tradingOffered
  • Custody and safekeepingOffered
  • Private markets accessNot disclosed

Banking

  • Multi-currency accountsOffered
  • Payment cards
    • Visa debit card
    • Visa credit card
    Offered
  • Foreign exchangeOffered

Lending

  • Lombard lendingNot disclosed
  • Mortgages and property financeNot disclosed

Planning

  • Wealth and estate planningOffered

Structuring

  • Trust and foundation servicesNot disclosed

Digital

  • Online bankingOffered
  • Mobile app
    • iOS
    • Android
    Offered

Card network and platform names are trademarks of their owners. They are shown to record what the bank publishes about its own products, and do not indicate any partnership, endorsement, or affiliation.

05 · SOURCES

Where these figures come from.

Only documents published or supplied by the bank are used. Nothing here is taken from brokers or comparison sites.

Next scheduled review: 11 March 2027. Bank tariffs change frequently — several institutions in this directory revised theirs twice during 2026.

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