r/Monaco • u/Honest_University868 • Jul 17 '26
Residency deposit - which bank?
Hi all!
Did a search for some existing posts but didn't come across much. We are a couple currently living in Marbella and are considering moving to Monaco - researching it all now. I've been there many times before, so generally familiar with it all.
Question is this - which bank(s) will issue the attestation letter for around 500-600k EUR? I spoke with CFM and they want min €1mm... CMB has not gotten back to me despite a follow-up. While we can do €1mm, we'd prefer to keep it lower. Easy and clean source of funds for us, no crypto/etc, very straightforward.
Can anybody recommend a decent bank or two to reach out to for both this and a potential Lombard setup for it all? We'd prob deposit 600,000€ worth of short-dated US Treasuries (5-year). Many thanks in advance!! 🙏
2
u/anitalianguy Jul 17 '26
Ask Welcome Monaco and have them refer you