Liechtenstein
From ~USD 605K-1.2M
AAA · US Limited
Monaco Private Banking
The ultimate destination for ultra-high-net-worth individuals seeking discretion and luxury.
Banking overview
- Min. Deposit
- EUR 1.0M-5.0M
- Sovereign Rating
- AA-
- US Clients
- Restricted
- Remote Opening
- No
Banking landscape
Number of Banks
+40
Notable banks
CMB MonacoBarclays MonacoUBS MonacoCFM IndosuezJulius Baer Monaco
Regulatory & Compliance
Sovereign Rating
AA-
Deposit Insurance
EUR 100K per depositor per bank
CRS Participant
Yes
FATCA Compliant
Yes
US Clients
Restricted
Account opening
Remote Opening
In-person required
Processing Time
4-10 weeks
Non-Resident Friendly
Limited
Opening notes
In-person meeting required; typically tied to Monaco residency discussion
Services & Features
Multicurrency accounts
Custody services
Lombard lending
Good digital banking
Typical fees
Typical AUM Fee
0.6-1.5%(Premium pricing reflecting UHNW service levels)
Key advantages
No personal income tax for residents
High level of personalized, white-glove service
Strong banking secrecy tradition within CRS framework
Considerations
US clients generally not accepted
Requires in-person presence for account opening
Very high minimum deposits reflecting UHNW focus
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