Advanzia Bank was founded in 2005, and it is owned by Kistefos. Kistefos is a privately owned company comprising wholly-owned as well as partly-owned industrial companies. These industrial companies are in the field of IT, telecommunications, and shipping, among others. The bank is based in Munsbach, Luxembourg. Needless to say, it offers its services to Luxembourg and Germany.
Its executive management committee is made up of three members. These are Roland Ludwig (Chief Executive Officer), Patrick Thilges (Chief Financial Officer), and Kaj Larsen (General Counsel). It is worth noting that this European digital bank operates as Societe Anonyme (S.A.). According to Luxembourg law, S.A. is a public limited company. Since its establishment, this bank has dedicated its time to providing clients with quality services. It also ensures that transparency is upheld at all times.
That is why the company is subject to supervision from the supervisory authority of the financial sector of Luxembourg. The supervisory authority is known as the Commission de Surveillance du Secteur Financier (CSSF). The bank is also a member of the Luxembourg Deposit Guarantee Fund. This body guarantees customer deposits up to a total of EUR 100,000 per person and institution.
Apart from putting transparency before everything else, Advanzia Bank focuses on excellence, diversity, and flexibility. Well, these are some of the perks that have greatly increased its popularity over the years. The company focuses on providing best-in-class solutions to ensure 100% satisfaction. It also adapts rapidly to change, and it is committed to inclusion and diversity.
It is because of these reasons that people living in Germany and Luxembourg prefer the bank. Currently, this financial institution has nearly 200 employees that come from 27 different countries. This enables it to provide its services smoothly. Talking of services, the bank has specialized in credit cards. It offers the no-fee MasterCard Gold, which takes convenience to a whole new level.
Customers can use this card at more than 2 million ATMs across the globe. As if that’s not enough, the no-fee MasterCard Gold can be used at more than 35 million acceptance points. Plus, it has several benefits of a gold card credit. These are:
- Free and personal customer service that is available 24/7
- Zero annual fee
- Zero charges for when you use the card abroad
- Zero fees for cash withdrawal
It is safe to say that Advanzia Bank will continue to grow in popularity; thanks to its transparency and innumerable perks.