Advanzia Bank is a digital bank in Munsbach, Luxembourg, open to personal customers in the European Union. The bank provides online banking services through telephone, ATMs, and terminals. In addition, it offers a mobile app where customers can manage their money on the go and even carry out operations at any time of the day or night, even if they are far from a computer or debit card reader.
It is the first bank to offer standard banking services to private clients over the Internet without anyone being present in person. The company aims to eliminate all physical barriers between customers and their money.
Advanzia was founded in 2005. The current CEO Roland Ludwig has been in charge since 2017.
The bank offers a complete online banking experience. Customers can conduct any monetary transaction from their computer or mobile phone. They can also use a virtual Checkbook or credit card or withdraw cash through the numerous ATMs and terminals in major European cities.
Advanzia Bank’s primary goal is to create a safe, convenient, and enjoyable environment. The system is designed to be extremely simple and easy to understand so that customers will not have to worry about complex procedures or error-prone operations. Customer service is an integral part of the bank’s focus on customer satisfaction, so customers who experience problems using the service are offered support by phone, email, or Skype at any time of day.
Since its initial launch, the company has recorded significant growth and profits. According to independent financial information service talla.io, which has included both financially and technically innovative companies for a decade, it is one of the companies providing online banking services that will break out of the niche segment and achieve mainstream success.
Advanzia Bank’s leading target group (customers) is private individuals from Europe who cannot access bank accounts in their home country but must perform simple transactions like paying bills and transferring money between banks or cash deposits at an ATM. The target group also includes entrepreneurs who want to conduct online transactions that require a European bank account, such as paying their suppliers and contractors from the same account.
It is registered under the Luxembourg Companies Code and maintains its headquarters in Munsbach, Luxembourg. It is managed by a team that has more than 25 years of experience in banking and business administration.