Banks in Monaco
Knowing which bank offers the best interest rates, what their minimum deposit requirements are and what you need to provide in order to open a bank account in Monaco is important for the financially aware - and the Banks in Monaco report provides all this information, plus direct contact details for the best person to approach at each bank.
The report is available free, and will save hours of your time researching which bank is most appropriate for you.
* Who to contact direct at each bank for account opening forms and how
* Current interest rates offered by the banks in Monaco
* The minimum deposit requirements for each bank
* The different types of accounts available
When you decide to go offshore, there’s not many places that can be better to have an account.
While it’s not necessary to visit the bank on a frequent basis, if you do decide to visit the nearest airport is Nice – ten minutes by helicopter or a 40 minute drive.
Most of the banks are located in Monte Carlo, and the Principality has a good choice of hotels to choose from – the Metropole and Hotel de Paris are both a short stroll away from most of the banks in Monaco, including Barclays, RBS, Lloyds TSB and HSBC.
If you’re wondering what services are on offer our guide which you can apply for above has this information and other resources.
Typically, most of the Monaco banks will have available for clients opening an account the following:
Numbered accounts, retail ones for everyday banking, deposits, investments, etc. and debit cards are issued which can be used worldwide.
There are banks in Monaco from around Europe, including the Swiss ones of UBS and Credit Suisse International for example.
France is represented mainly by BNP Paribas and Societe Generale, while from the UK Barclays, Lloyds TSB, RBS and HSBC all have branches.
The Reason Why
If you don’t want your government to know your financial affairs, one of the best ways of doing this is to avoid your home country's banks – and this can easily be done as there is an array of choice of where to open your account and deposit your money.
Transfers can easily be made to your new bank, and they will help you accomplish this after some due diligence is undertaken.
Some independent advice is often a good idea, and if you request our report this will enable you to make an informed choice about which might be best for your own individual needs, whether they be for a straightforward deposit account, mortgages, or investments.
Confidence and security are two words that spring to mind for the financial centre where so many banks decide to have a presence, and if you want to open an account and would like to know the best person to contact, these details are included.
16 May - Promotion
Monaco have been promoted to Ligue 1. The current manager is Claudio Ranieri but there is press speculation about Roberto Mancini taking over the role, which might seem odd given that promotion was gained under Ranieri's management.
7 May - Isle of Man
Good news for superyacht owners in both Monaco and Switzerland, as the Isle of Man has just passed legislation which allows those with residency in either to register their yachts there.
21 April - Photo Gallery
If you missed the recent Top Marques event, here's a link to a photo gallery of what was there:
12 April - Charlene Photographs
A collection of photographs of Princess Charlene have recently been published, and they can be seen at celebrityredcarpet
3 April - Green Monaco
The Grand Prix at the end of May is the race that is seen worldwide, but there's another car event which gets a lot less publicity that has been run recently. A report about the Rallye Monte Carlo des Energies Nouvelles (doesn't have quite the ring to it that the Monaco Grand Prix has) can be read online at the National Post