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Opening an account in Edmond de Rothschild bank (Monaco)

Opening an account in Edmond de Rothschild bank (Monaco)
  • Price:2500 eur
  • Term:from 2 months
About bank

Edmond de Rothschild Monaco is one of the 33 offices of the Edmond de Rothschild Group, which has been involved in finance and wealth for over 250 years and is present in 13 countries. The bank is 100% owned by the Rothschild family.

In Monaco, the bank specializes in personal banking, asset, fund and wealth management, family wealth management, heritage and investment. The main slogan of the bank is “bold builders of the future”.

In terms of assets, Edmond de Rothschild ranks 8th among commercial banks in the country.

Name
Edmond de Rothschild
Category
Investment
Opening date
from 2 months
Price
2500 eur
Bank Features
  • Visa Premium and Infinite payment cards are available;
  • more than 40 investment and wealth consultants work in the bank;
  • all bank accounts are multicurrency;
  • member of the European Deposit Guarantee Program;
  • international transfers SWIFT and SEPA (there are restrictions);
  • multilingual staff, incl. speaks English and Russian;
  • high liquidity and security of assets;
  • a mandatory procedure for confirming wealth and origin of funds;
  • life insurance services;
  • accounts for the purchase of local real estate and the issuance of certificates for them.
Who are the accounts for?

Edmond de Rothschild in Monaco is aimed at private clients of different nationalities and international companies interested in investment. The main clients are the super rich and family groups.

Account types

Investment and savings accounts. Checking accounts are not available.

Bank rates
Opening an account:
personal and corporate
no commission
Contributions:
investments
3 000 000 EUR
minimum balance
1 000 000 EUR
Account service:
personal
1000 EUR/year
corporat
3000 EUR/year
Account closing:
personal and corporate
250 EUR
Bank visit

Edmond de Rothschild provides its clients with the opportunity to open an account remotely, but after its activation, a meeting with a bank representative is required. The place and country of the meeting is negotiated individually.

Account opening procedure
1
Getting to know the client and his business
2
Collection and preparation of documents
3
Signing bank forms
4
Sending documents to the bank
5
Review and verification of compliance
6
Positive response from the bank
7
Gaining access to the account
8
Personal meeting with the bank manager

Please note that according to international account opening standards, each financial institution is required to adhere to the KYC procedure, therefore, the bank will require documents and data confirming identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse to cooperate without giving reasons.

In order to avoid such negative consequences, contact specialized lawyers for preliminary advice on opening foreign accounts, and we will tell you all the nuances of how to open an account with the bank of Monaco - Edmond de Rothschild.

Popular questions
What types of accounts does Edmond de Rothschild (Monaco) open?
The bank focuses exclusively on savings and investments. For assistance in opening an account, preparing documents and completing the compliance procedure, leave a request on our website and we will contact you immediately.
How long does it take to open an account with Edmond de Rothschild (Monaco)?
The procedure for opening and verifying clients takes about 2 months.
Is it possible to open an account with Edmond de Rothschild (Monaco) online?
Opening an account and its activation is possible online, but after opening the client is given a period for a personal meeting with a representative of the bank either in Monaco or in another country by agreement.
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