Opening a Bank Account in Malta

Malta has a very robust and efficient banking system, enabling clients to open any number of accounts in any currency, provided that all relevant Prevention of Money Laundering procedures are satisfied by the client to the bank's satisfaction. The major banks present in Malta are HSBC Bank Malta p.l.c. and Bank of Valletta plc. Other banks include Sparkasse Bank Malta plc, Lombard Bank Malta plc and APS Bank Ltd.

A Malta Company can operate Bank Accounts in Malta and also outside Malta should you have a preferred bank. Local Banks can open accounts in most major currencies with the facility of viewing account balances online. Instructions for international payments are done by fax and the issuing of bank drafts / cheques is also possible. Corporate Visa or Mastercard credit cards are also available.

We offer Foreign Corporate Bodies, as well as foreigners as individuals, the possibility of opening bank accounts in any currency with major international banks in Malta be it term, saving, or current accounts including the issue of Visa or MasterCard credit cards.

Through our network of Correspondents and Associates, which gives us a global presence, we can assist clients to also establish Corporate Bank Accounts or Personal Bank Accounts outside Malta. Clients utilising our services to open an offshore bank account are generally not required to personally visit the bank where the account will be opened. Further and if required, we can also assist in the application and the subsequent (hard copy) statement administration.

For Corporate Services, including Malta Company Formation, Back Office Management and Accounting & Payroll Services; kindly forward your query to corporate@csbgroup.com