All banks in Monaco: complete directory
A comprehensive list of banks operating in Monaco, from major retail banks to private wealth management institutions.
Key facts
- Licensed banks
- ~30 institutions
- Regulator
- CCAF (Commission de Controle des Activites Financieres)
- Retail banks
- CFM, BNP Paribas, Barclays, Societe Generale
- Private banks
- Majority of institutions
- Currency
- Euro (EUR)
Banking in Monaco
Monaco is a major international banking centre, home to around 30 licensed financial institutions. While the majority are private banks focused on wealth management, several offer retail banking services suitable for everyday needs.
Retail and commercial banks
These banks offer standard current accounts, debit and credit cards, online banking and personal loans:
- CFM (Compagnie Monegasque de Banque) -- one of the most commonly used banks by residents for daily banking
- BNP Paribas Monaco -- the Monaco branch of France's largest bank, offering a full range of retail services
- Barclays Monaco -- international banking with English-speaking staff
- Societe Generale Monaco -- retail and business banking
- Credit du Nord Monaco -- personal and professional banking services
- Banque J. Safra Sarasin -- private and retail services
Private and wealth management banks
Monaco's banking sector is dominated by private banks. These typically require minimum deposits of 500,000 EUR or more and cater to high-net-worth individuals:
- Julius Baer Monaco
- Edmond de Rothschild Monaco
- Lombard Odier Monaco
- UBS Monaco
- Credit Suisse Monaco
- HSBC Private Banking Monaco
- Deutsche Bank Monaco
- Mediobanca Monaco
- CMB Monaco (Compagnie Monegasque de Banque -- private division)
Choosing a bank
For everyday banking, CFM and BNP Paribas are the most practical choices for residents. They have multiple ATMs across the Principality and offer French-language online platforms. Expatriates who prefer English-language service often choose Barclays or one of the international private banks.
Opening an account
You will need your carte de sejour (or proof of application), a valid passport, proof of address in Monaco and proof of income or financial resources. Some banks also request a reference letter from your previous bank. The process can take several weeks due to compliance checks.
Frequently asked questions
The information provided is for general guidance only. For official procedures, always consult the official sources.
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