HOW TO OPEN A BANK ACCOUNT IN MONACO

Opening a bank account in Monaco : Opening a bank account in Monaco is one of the 4 main requirements for obtaining a residence card in Monaco. As the opening procedure can take between a week and a few months, it is strongly recommended to start the process of opening a bank account in Monaco as early as possible in your relocation project in Monaco. Indeed, many banks in Monaco will allow you to open an account without having an address in Monaco.

Banks in Monaco :

There is a large network of banks in Monaco, international and local banks, with about 30 banks and 60 companies that deal with portfolio management and fund management. Thus, depending on your banking needs, different options are available to you. Do not hesitate to contact us so that we can guide you towards the best option according to your profile and your needs regarding a bank account in Monaco.

Documents to be provided to open a bank account in Monaco :

In order to meet the compliance requirements of the banks in Monaco, a certain number of documents on your identity, the origin of your funds, and your project will be requested by the banks in Monaco, such as :

A copy of both sides of a valid identity document, including your photo
A copy of a proof of address that is less than 3 months old at the date of the request
A description of your professional background such as a C.V.
A list of your financial and real estate assets
The origin of your assets
Your last tax return