Banks in Lebanon: Accounts, Cards, and Services Today
AdvisorLB Team
Banking in Lebanon today is very different from what it was a decade ago. Cash-economy habits are entrenched, foreign currency accounts have specific rules, and many services that were once standard now require careful navigation.
Account types in practice
- "Fresh" USD accounts: funded only with new money post-2019; withdrawable in USD subject to bank conditions.
- Legacy USD accounts ("lollars"): subject to circulars and restrictions.
- LBP accounts: for local payments and salaries.
- Corporate accounts: require KYC documents and business records.
Cards and digital banking
- Debit cards work for most local payments and ATM withdrawals.
- International credit cards from Lebanese banks have varying acceptance abroad; check before travel.
- Mobile banking apps have improved sharply; many transfers can be done online.
Practical tips
- Always confirm the exact circular and rate that applies to your account today — they can change.
- Keep printed receipts and statements; bank IT systems sometimes lag.
- For incoming international transfers, ask the bank about delays and FX cuts up front.
- For business, consider whether you need a banking relationship outside Lebanon for international payments.
This article is general guidance. For your situation, consult the bank directly and review current Banque du Liban circulars.