- Homepage
- Starting a business
- Bank Account
- How to contact the Department of Budget and Treasury if a bank refuses to open an account for you
How to contact the Department of Budget and Treasury if a bank refuses to open an account for you
Contact details
Direction du Budget et du Trésor
12, Quai Antoine 1er
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
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 1er
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 .
FIND CONTACT DETAILS
To find a public service, type one or more terms below
LATEST SITE UPDATES
Factsheets, sections, or press releases that have been added recently or updated.
See the latest site updates