Opening a bank account in Malta


How to open a bank account in Malta? What are the related conditions? Find out in this article.

If you have relocated in Malta, whether you are working or you have retired, you will probably have to open a bank account. This should be quite easy as the country hosts many national and international banks. In general, Maltese banks are very professional and provide fair treatment to individuals, professionals, companies, as well as residents and non-residents. All you have to do is to choose the bank where you would prefer to open your account and gather necessary documents.


Documents to be produced on the opening of a bank account vary according to the type of bank account. Therefore, you will proceed as follows:

Individuals are required to produce:

  • a letter of their habitual bank stating that they are not indebted and that they are eligible to a bank credit
  • a copy of their passport
  • proof of address.

In case you are indebted and non-eligible to a bank credit, the bank may request you to become a Maltese resident for a certain period of time before allowing you to open a bank account.

Foreigners opening a corporate bank account are required to produce:

  • a letter issued by the bank of each beneficiary
  • a copy of each beneficiary or shareholder's passport
  • a copy of the company's constitution and registration documents
  • the company's good reputation certificate
  • public service bills in the name of each beneficiary or shareholder.

Once the bank account has been opened, beneficiaries can manage it either by phone, online or by mobile services. They will also receive a bank card along with a password.

 Useful links: – Banks and finance in Malta Forum 
Malta Bankers’ Association
Central Bank Malta

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