CMB MONACO products, services and reviews

About CMB MONACO

CMB Monaco (Compagnie Monégasque de Banque) is a Monaco-based bank founded in 1976 and part of the Mediobanca Group, operating with a focus on private banking and wealth management for high-net-worth individuals, family offices, and Monaco-based companies. Its offering includes multi-currency current and deposit accounts, international payments via SEPA and SWIFT, securities custody and execution, discretionary portfolio management, investment advisory, access to funds and listed securities, structured solutions, and life-insurance wrappers commonly used in Monaco wealth planning. Credit services typically cover Lombard lending secured by investment portfolios and mortgages for residential property in Monaco, with terms assessed individually based on collateral and documentation. The bank provides premium payment cards and digital banking through web and mobile channels with secure messaging and transaction controls; service is generally multilingual. Onboarding is selective, with enhanced due diligence, CRS/FATCA reporting where applicable, and relationship size expectations above mass-market levels; acceptance of non-resident clients is subject to source-of-wealth verification and cross-border constraints. Pricing follows a private-banking model combining custody and transaction charges, foreign-exchange spreads, and advisory or mandate fees; standard tariffs may apply for basic services, while investment and lending terms are typically negotiated. CMB Monaco is licensed in Monaco and operates under local and international AML/KYC requirements; product availability can vary by client domicile and regulatory considerations. Its physical footprint is concentrated in the Principality, which limits in-person access for clients outside Monaco but aligns the bank with the local real estate market and business ecosystem.