Table of Contents
How can a non resident open a bank account in Malta?
A passport or Maltese ID card; A recent utility bill as proof of address (if you don’t have a residence card); Employment contract (from a Maltese or non-Maltese company) or other proof of income; and. A 12-month term deposit of €500.
What are the requirements to open a bank account in Malta?
The following documents are required to open a current bank account in Malta in 2021:
- a passport or identification papers;
- an application form issued by the bank;
- a recent utility bill;
- a bank reference.
Is it easy to open a bank account in Malta?
It is easy to open a bank account in Malta and you will not be required to present a lot of documentation. The biggest difference is that you will need a reference from your current bank so that you have sort sort of history of your good standing as a client of a bank.
What banks are in Malta?
List of banks in Malta
- Akbank T.A.S. [2]
- APS Bank Limited [3]
- Banif Bank (Malta) plc [4]
- Bank of Valletta plc [5]
- BAWAG Malta Bank Limited [6]
- CommBank Europe Limited [7]
- Credorax Bank (Malta) Limited [8]
- Deutsche Bank (Malta) Limited [9]
Which bank pays highest interest?
Axis Bank offers the highest FD interest rate of 5.75\% p.a. which is for a tenure of 5 years and above for the general public. For senior citizens, the interest rate is up to 6.50\%. The second highest interest rate is 5.50\% p.a. which is offered by ICICI Bank and HDFC Bank for a tenure of 5 years and above.
How to choose the Best Business Bank in Malta?
Banks in Malta offer almost all the required facilities business needs. In choosing which bank, you need to pay attention to the individual banks’ own set of financial requirements, such as minimum initial deposit, credit rules, etc. Business checking accounts usually come with credit cards, and overdraft limits can be negotiated.
How to open a bank account in Malta in 2021?
The following documents are required to open a current bank account in Malta in 2021: a passport or identification papers; an application form issued by the bank; a recent utility bill; a bank reference. Foreign citizens must also have a good credit score in order to be allowed to open bank accounts in Malta.
What are the benefits of having a checking account in Malta?
If you get a checking account at this bank you will be able to make deposits and withdrawals, check your account balance online, use a cash link card (BOV), and create direct debits/credits as well as standing orders. This is a huge international bank with dozens of branches spread throughout Malta.
Is MeDirect the best bank in Malta?
Formerly known as Mediterranean Bank, MeDirect is Malta’s third largest bank and specialize in savings an investment products. While you won’t get a checking account or a debit/credit card (yet—they might launch that next year), if all you need is a savings account and free SEPA transfers, MeDirect is a decent option.