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Banking in Malta

Best banks in Malta for expats & digital nomads

Opening a bank account is one of the first things you do after moving to Malta. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.

How to open a bank account in Malta

Maltese banks apply strict anti-money-laundering due diligence, so opening as a non-resident can be slow and requires passport, proof of address, references and source-of-funds evidence. Many newcomers rely on Revolut and Wise while a local account is processed. Note: N26 does not operate in Malta.

Our top pick

Wise multi-currency account

Wise is the option we recommend for almost anyone moving to Malta: hold and convert 40+ currencies, get local account details to be paid like a local, and send money at the real exchange rate with low, transparent fees. It works before you even arrive, so you can receive income and pay deposits while your local account is still being set up.

Open a free Wise account →

Affiliate link: we may earn a commission at no cost to you. Wise is a fintech, not a bank; balances are safeguarded, not covered by deposit insurance.

Top banks in Malta

Bank of Valletta (BOV)

traditional
largest bank in Malta

Malta's biggest bank with the widest branch and ATM network.

HSBC Bank Malta

traditional
internationals

Local arm of HSBC; English-language service and international links.

APS Bank

traditional
everyday retail banking

Established Maltese retail bank with personal current accounts.

BNF Bank

traditional
personal and expat accounts

Maltese retail bank offering personal accounts to residents.

Lombard Bank Malta

traditional
traditional relationship banking

Long-established Maltese bank focused on personal and business clients.

International accounts & neobanks

Revolut

Strong adoption in Malta for spending, transfers and FX; EEA-wide operation.

Bunq

Listed by bunq as available to Malta residents; some earlier reports of restricted signups.

Payoneer

Payments platform for freelancers receiving international payments; not a local current account.

Availability changes; confirm on each provider's site.

Next steps in Malta

See the full Malta tax, cost and visa profile, or compare Malta with other destinations. Not sure where to go yet? Take the finder quiz.