How to contact the Department of Budget and Treasury if a bank refuses to open an account for you

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Sections

Principle and conditions
Compiling and sending the documents
Receiving the response

Contact details

Direction du Budget et du Trésor

12, Quai Antoine 1^er
BP 512
MC 98015 MONACO CEDEX

Department of Budget and Treasury :
(+377) 98 98 87 73

Fax : (+377) 98 98 84 26

Opening Hours : from 9.30am to 5.00pm from Monday to Friday

Send us an email

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Principle and conditions

Individuals or legal entities domiciled or in the process of establishing themselves in Monaco who experience difficulties in opening a bank account with the bank of their choice in the Principality, may exercise the right to open a bank account in accordance with the provisions of the Act No. 1.492 of 08/07/2020 on the granting of the right to an account

Please note: Holders of an authorisation to conduct a token offering may also exercise this right. More information on Security Token Offerings is available here.

1

Compiling and sending the documents

If the bank of their choice rejects their application to open a bank account, individuals should send the following documents to the Department of Budget and Treasury, by post or by email:

A copy of the complete application submitted to the bank
The certificate of refusal to open a bank account issued by the bank

Direction du Budget et du Trésor
12 quai Antoine 1^er
BP 512
MC 98015 Monaco Cedex

Phone: (377) 98 98 87 73
Email: dbt@gouv.mc

2

Receiving the response

The Department of Budget and Treasury will send you a response within 15 working days of receipt of the required documents, designating a bank.

The designated bank will be obliged to open a bank account, except in the circumstances provided for under Article 8 of the Act No 1.492 of 08/07/2020 on the granting of the right to an account .