We make it easy to manage your business

Managing your spending

BIL offers a wide choice of secure payment solutions for professional purchases.

Business bank cards

BIL offers SMEs two types of card designed for business use, the VISA BUSINESS and MASTERCARD SILVER credit cards, from its range of bank cards.

These cards offer a number of advantages:

• Payment at millions of retailers in Luxembourg and worldwide.
• Cash withdrawals in Luxembourg and abroad.
• Simplified accounting.
• 24/7 monitoring of transactions and balances on BILnet for each cardholder. Several cards can even be issued for different cardholders using the same account.
• Preferential assistance and insurance services for business travel.

Payments using your BIL account

BIL offers you a full range of payment solutions for easier day-to-day banking:

• The new SEPA European direct debits for making payments to your usual providers by automatic direct debit within a specified deadline. For a detailed breakdown of how this product works, download our SEPA Direct Debit brochure
• Standing orders: A standing order instructs BIL to pay, on a specific date and from your current account, the same amount into the same beneficiary's account. This solution is particularly suited to fixed recurring costs such as property rental payments, etc.
• National transfers and transfers inside the European Union: Transfers in favour of any Luxembourg or European account identified with an IBAN code are made within one day on average in Luxembourg and within three days at the latest outside Luxembourg.
• International transfers enable you to make payments or transfers in euro or in a foreign currency into a foreign bank account.

BIL provides the BILnet or Multiline online banking platforms for easy execution and viewing of these transactions.

Bank guarantees

To guarantee execution of your contractual obligations, you will be able to offer your partners solid bank guarantees.

BIL will commit itself and provide a bank guarantee in a variety of situations:

• Performance bond it provides your client with a guarantee that the purchase order will be honoured as specified and in accordance with the contract.
• Guarantee of refund of deposits paid in advance by your clients or to your suppliers.
• Rent deposit in favour of the landlord of a property of which you are the tenant.
• Completion bond this provides the buyer of a property under construction with a guarantee that the work will be completed if the developer defaults.
• Guarantee of release of retention bond.
• Loan cover guarantee: this guarantees the repayment of a loan taken out with another bank.
• Etc.