Coutts & co (Monaco)

In November 2013, Coutts & co (Monaco) was sold to Coutts et Co Ltd, Succursale de Monaco.

Business Focus

Private Banking
Wealth Management

Coutts & co (Monaco) participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Coutts & co (Monaco) is a member of The Royal Bank of Scotland (United Kingdom).

Contacts

14 avenue de Grande Bretagne George V, 98000, MONACO, Monaco
MONTE-CARL

Bank Identifiers

BIC (SWIFT)
COUTMCM1XXX
MFI ID
FR14698
Close Date
01 November 2013

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

Credit institutions operating in Monaco participate in French deposit guarantee scheme on the same terms as French credit institutions.

In the case of Coutts & co (Monaco) failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all deposit accounts (current accounts, demand accounts, passbook accounts, term accounts, home savings accounts, home savings schemes, etc.)
Covered Currencies  EEA currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Coutts & co (Monaco) and its components are shown in the table below.

BIC  COUTMCM1XXX
Bank BIC Code  COUT
Country Code  MC (Monaco)
Location Code  M1
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Coutts & co (Monaco) is shown in the table below.

MFI ID  FR14698

European Presence: 1 bank in 1 country

Coutts & co (Monaco) operated under the brand name Coutts and Co. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

United Kingdom

Defunct Banks: 4 banks in 3 countries

The following banks operating under Coutts and Co brand name has been recently closed down:

Isle of Man

Monaco

Switzerland