Basic payment account

One package for all your routine operations: current account, debit card, prepaid card and access to eBanking.

The “basic payment account” package comprises:

  • a simple, fast POST current account with no management fees
  • a My Cash card you can use to make payments and withdraw cash in Luxembourg and elsewhere in Europe
  • a prepaid Easy VISA card you can use to make payments online and in any shop that accepts VISA
  • access to eboo (the POST eBanking service)

The basic payment account allows you to make payments, pay in funds, withdraw cash and much more.

Who can open a basic payment account?

Under the Law of 13 June 2017 regarding payment accounts, this package is available to natural persons who are acting in a non-professional capacity and have their legal residence in a European Union member state. Customers cannot hold another basic payment account with another bank in the Grand Duchy of Luxembourg.

What are the benefits of a basic payment account?

  • No account management fees
  • Free transfers via eboo eBanking
  • Free direct debits
  • Free withdrawals at POST and Raiffeisen ATMs

How to open a basic payment account?

Applications for the “basic payment account” package may be submitted to branch staff at POST points of sale.

When you apply, you will need to bring:

  • A valid identity document
  • Recent proof of address (under three months old)
  • A sworn statement declaring that you do not hold another payment account with a Luxembourg bank

More information on the basic payment account can be found here