Open a Bank Account in Gibraltar

Banking activities in Gibraltar are regulated under the Financial Services Act 2019. Banks are supervised by the Gibraltar Financial Services Commission (GFSC). Gibraltar banks apply regulatory standards aligned with the UK (Gibraltar left the EU on 31 January 2020), which has turned the Rock into a preferred destination for foreign investors interested in setting up companies in the financial sector. The Gibraltar International Bank is the country’s national bank and was established in 2015. There are over 10 private banks operating here, some of them as subsidiaries or branches of foreign institutions. Those interested in opening a bank account in Gibraltar in 2026 can choose any of them, depending on their needs and preferences.

Types of bank accounts in Gibraltar

The National Bank of Gibraltar allows both local and foreign citizens to open personal or mortgage bank accounts in the Rock. Personal bank accounts can further be divided into:

• current accounts, which are also the most employed;
• savings accounts.

Savings accounts can have immediate access or can be opened for a fixed period of time. Those seeking to purchase a property and need a loan can set up a mortgage account in Gibraltar.

Foreign enterprises opening companies in Gibraltar are also required to have a bank account in this country. Gibraltar banks allow them to set up corporate bank accounts.

Our company formation representatives can assist you in setting up corporate bank accounts in Gibraltar.

We invite you to watch our video on how to set up a bank account in Gibraltar:

How to set up a bank account in Gibraltar in 2026

Many banks in the Rock offer the possibility of opening a bank account through an online procedure, however it is advisable to go in person when opening a current account. The following documents must be provided:

• copy after the ID, passport or driver’s license;
• proof of Gibraltar residential address, such as a recent utility bill;
• a prescribed application form.

Certain banks may also verify the clients’ creditworthiness if they have an account with another bank. Most Gibraltar banks will issue debit cards when opening the account, while others will also offer other facilities such as overdrafts.
Like in many other jurisdictions, choosing the bank with which to open a corporate or individual account will be a decision based on what the respective bank offers to its clients. The available banking products, the network of bank branches (at an international level), and the number of local ATMs, as well as the options for online banking and mobile banking, can all be important criteria.

Banking sector statistics

According to the Gibraltar Financial Services Commission, there were 9 regulated entities in the jurisdiction in the 2024/25 report. These include Gibraltar International Bank Limited, Trusted Novis Bank Limited, and Xapo Bank Limited, among others.

According to data from Gibraltar’s Statistical Office, the banking sector had 552 employees in January 2025, working for a total of 8 employers. By December the same year, the number of employees in the banking sector had increased to 572.

According to nationality, most were Gibraltarians, followed by British nationals (under the category Other British), Spanish, and Portuguese. Overall, banks in Gibraltar employed EU and non-EU staff.

For more information on setting up a bank account in the Rock in 2026, do not hesitate to contact our company registration agents in Gibraltar.