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Monaco

Bank account

Service specification

TypeDescription
Direct to Bank methodDirect credit to bank account in EURO (EUR).

Supported beneficiary account type – Individual only.
Supported sender type – Individual only.
Transaction Turnaround Time- Real-time: 24x7 (within 15 minutes).
- If the transactions hit under partner screening, it might take maximum 48 hours to completed (Business hours)
- If the transaction reaches a compliance check on a non-business day, it will be processed on the next working day.
- All transactions are processed via Instant SEPA (real-time), otherwise it will be rerouted to SEPA (T+0) for beneficiary banks that do not support Instant SEPA.
Area availabilityRelated countries offered under SEPA EURO
Validation / Verification· No system validation on account available.
· The account number is using IBAN account number
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction EUR 999,999.00
Minimum per Transaction EUR 1.00
Compliance accumulated limit EUR 45,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks· Beneficiary address including Beneficiary City (bRegencyCode), and Beneficiary Postcode (bPostcode) are Mandatory Fields.
· Beneficiary address (bAddress) must be the full address registered with the beneficiary bank.
. Sender address including Sender City (sCity), and Sender Postcode (sPostcode) are Mandatory Fields.
· Sender and Beneficiary DOB are Mandatory Fields

· Registers of Participants in SEPA payment and payment related schemes | European Payments Council: https://www.europeanpaymentscouncil.eu/what-we-do/be-involved/register-participants/registers-participants-sepa-payment-schemes > (please refer SCT Inst and SCT)

There are list of industries that might lead the transaction screening:
· Pharmacies selling copy products without proper authority approval, incl. e-pharmacies
· Pornography industry (dating pages is as such acceptable)
· Tobacco industry
· Cannabis or other drugs in any form
· Weapons in any forms, including dual-use goods.
· Atomic power
· Extractive industries
· Precious metals and stones
· Companies selling counterfeit or infringed products
· Companies selling, storing or trading in Crypto currencies
· Binary Option Traders
· Pyramid schemes in any form
· Unregulated charities
· File sharing companies
· Shell banks
Do_Transfer bAccType Value1

Supported bank

NoNameIssuer Code
1SEPA MONACO PAYOUT377001

Telegraphic transfer

Service Specification

TypeDescription
Direct to bank method Direct credit to bank accounts in US Dollar (USD) and Euro (EUR).

Supported beneficiary account type – Individual & business
Supported sender account type – Individual & business
Transaction turnaround time *T+1 business days for USD transaction processed and credited before 6pm (Mon-Fri) GMT +8.

*T+1 business days for EUR transaction processed and credited before 6pm (Mon-Fri) GMT +8.

Transaction sent on Saturdays, Sundays or public holidays will be processed on next Monegasque business day.

*Processing time may vary based on the beneficiary bank’s cut-off time.
Area availability Monaco nationwide
Validation / Verification No system validation on account available.
Amount received Beneficiary received net amount as specified by sender.
Transaction limit
Types of limitAmount
Maximum per transactionN/A
Compliance accumulated limit per day per beneficiary (USD)USD 50,000.00
Compliance accumulated limit per day per beneficiary (EUR)EUR 45,000.00
Maximum beneficiary No restriction
Service charge The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® and forwarded to the payout channel.
Cancellation process Cancellation is on best-effort basis.
Remarks Beneficiary account currency must be the same with the currency of the transaction (USD or EUR).

Branch code is optional. If included, please enter exactly 3 characters to avoid the transaction being rejected.
Do_Transfer bAccType Value 11

List of Swift Codes

NoNameSwiftCode
1ANDBANC MONACO SAMBACAMCMC
2BANCA POPOLARE DI SONDRIO (SUISSE)POSOMCM1
3BANK JULIUS BAER (MONACO) S.A.M.BAERMCMC
4BANK PICTET AND CIE (EUROPE) AG, SUPICTMCMC
5BANQUE HAVILLAND (MONACO) S.A.M.HAVLMCMX
6BANQUE J. SAFRA SARASIN (MONACO) SABJSBMCMX
7BANQUE MARTIN MAURELMAEAMCM1
8BANQUE POPULAIRE MEDITERRANEECCBPMCM1
9BANQUE RICHELIEU MONACOKBLXMCMC
10BARCLAYS BANK PLC MONACOBARCMCMX
11BARCLAYS BANK S.ABARCMCC1
12BESINS HEALTHCARE MONACO SAMBEHMMCMC
13BNP PARIBASBNPAMCM1
14BNP PARIBAS WEALTH MANAGEMENT MONACBPPBMCMC
15BNP PARIBAS WEALTH MANAGEMENT MONACBCGMMCM1
16BNP PARIBAS WEALTH MANAGEMENT MONACERMOMCM1
17CAISSE D'EPARGNE ET DE PREVOYANCE CCEPAMCM1
18CAPITALIA LUXEMBOURG S.A.CLSMMCM1
19CFM INDOSUEZ WEALTHCFMOMCMX
20CGM-AZIMUT MONACOAZFMMCMC
21CGM-AZIMUT MONACOCGPMMCM1
22CM-CIC MONACOCMCIMCM1
23CMB MONACOCMBMMCMX
24CREDIT AGRICOLE MONACO (CRCA PROVENAGRIMCM1
25CREDIT DU NORDNORDMCM1
26CREDIT MOBILIER DE MONACOCMMDMCM1
27CREDIT SUISSE ASSET MANAGEMENTCRSGMCM1
28DIETSMANN MONTE CARLO SAMDIETMCMC
29DOXA ADVISORS S.A.M.DOAVMCMC
30EDMOND DE ROTHSCHILD-MONACOBERLMCMC
31EFG BANK (MONACO)EFGBMCMC
32HSBC PRIVATE BANK (MONACO) S.A. (FOBLICMCMC
33LCL (LE CREDIT LYONNAIS) MONACOCRLYMCM1
34MONACO SPORTS AND MANAGEMENT S.A.M.MSEMMCMC
35PACIFIC MANAGEMENT SAMPMMCMCMC
36ROTHELAND S.A.M.RTLDMCMC
37ROTHSCHILD AND CO WEALTH MANAGEMENTMMSEMCM1
38SECURITASSEUAMCM1
39SOCIETE ANONYME DES BAINS DE MER ETSBMMMCMC
40SOCIETE GENERALE (FORMERLY SOCIETESDBMMCM2
41SOCIETE GENERALE MONTE CARLO (MONACSOGEMCM1
42SOCIETE GENERALE PRIVATE BANKING (MSGBTMCMC
43SOCIETE GENERALE PRIVATE BANKING (MSGTMMCM1
44SOCIETE MARSEILLAISE DE CREDITSMCTMCM1
45UBS (MONACO) S.A.UBSWMCMX
46UNION BANCAIRE PRIVEE, UBP SAUBPGMCMX
47VENUS MANAGEMENT COMPANY S.A.M.VENUMCMC