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 Indosuez Wealth Management -- formerly Credit Foncier de Monaco, now part of the Credit Agricole group and the Principality's largest bank; the most commonly used for everyday 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
- 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:
- CMB Monaco (Compagnie Monegasque de Banque) -- Monaco-incorporated, owned by the Mediobanca group
- Bank Julius Baer (Monaco)
- Edmond de Rothschild (Monaco)
- Rothschild & Co Wealth Management Monaco
- UBS (Monaco) -- absorbed Credit Suisse's Monaco business in 2024
- EFG Bank (Monaco)
- Banque J. Safra Sarasin (Monaco)
- Andbank Monaco
- Banque Richelieu Monaco
- Moncrief Private Bank (Monaco)
- Union Bancaire Privee (UBP) -- Monaco branch
- Bank Pictet & Cie (Europe) -- Monaco branch
- Banca Popolare di Sondrio (Suisse) -- Monaco branch
The authoritative roster is the member list published by AMAF (Association Monegasque des Activites Financieres) at amaf.mc -- it is updated whenever an institution is licensed or withdraws.
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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