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Marsaxlokk Malta

Starting business in Malta

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How to open a bank account for business in Malta?

Thinking about expanding your business to Malta or starting a new company there? Setting up a business bank account is one of the most important-and surprisingly manageable-steps in your journey. With the right preparation and guidance, you can streamline the process and unlock a host of benefits for your enterprise.

List bank support open business account in Malta

1. Bank of Valletta (BOV)

Website:

https://www.bov.com/

  • Bank of Valletta is Malta’s largest and most established bank, offering a comprehensive suite of business account options. Businesses can choose from current, savings, and pooled accounts, all with access to digital banking services for efficient cash flow and account management. BOV is a top choice for companies seeking robust local support and a full range of financial products.

2. HSBC Malta:

Website: https://www.business.hsbc.com.mt/en-gb/business-banking

  • HSBC Malta provides business current accounts under its Fusion service, featuring 24/7 online banking, international debit cards, and flexible management tools. Its global reputation and strong presence in Malta make it a reliable partner for both local and international businesses.

3. BNF Bank plc

Website: https://www.bnf.bank/about

  • For business customers, BNF Bank provides tailored solutions through its Corporate and Business Banking Centre, with services designed for retail businesses, family-owned companies, SMEs, and larger corporates. The bank also operates a Treasury function and maintains a strong customer care team to ensure high service standards.

4. Multitude Bank (Malta) plc

Website: https://www.multitudebank.com/

  • Multitude Bank p.l.c., a subsidiary of Multitude SE, is licensed by the Malta Financial Services Authority (MFSA) to provide a broad range of banking services to clients in Malta and across the European Economic Area (EEA). Multitude Bank is known for its digital-first approach, offering modern, digital-only, and cross-border banking solutions for both consumers and businesses through various brands.

5. Moneybase

Website: https://moneybase.com/

  • A leading Maltese digital banking platform that allows businesses and individuals to open accounts entirely online, manage payments, investments, and access multi-currency features. Moneybase is known for its fast onboarding (often within 48 hours), transparent pricing, and ISO-certified customer support

6. Satchel.eu

Website:

https://satchel.eu/business/malta/

  • An electronic money institution (EMI) that provides online business accounts for both EU and non-EU companies. Features include SEPA/SWIFT transfers, unique IBANs, and 24/7 digital access, making it popular with remote and international businesses

7. Wamo

Website: https://wamo.io/

  • Wamo offers a streamlined solution for opening business accounts with minimal documentation, making it an ideal choice for startups and small businesses seeking efficient and straightforward banking services.

  • Key features include multi-currency accounts (EUR and GBP IBANs), unlimited physical and virtual Visa debit cards, sub-accounts for organizing finances, and seamless integration with accounting software like Xero

8. Finductive

Website: https://finductive.com/

  • Finductive specializes in providing customized financial solutions for startups and SMEs, streamlining banking processes and minimizing bureaucratic complexities to support fast, efficient business growth. Finductive provides multi-currency accounts, SEPA and SWIFT payment capabilities, and advanced currency exchange features

Requirements to open a business bank account in Malta

Opening a business bank account in Malta is straightforward if you prepare the necessary documents and choose the right banking partner. Traditional banks offer comprehensive services but require more documentation and time, while digital alternatives like Moneybase provide faster, fully online solutions. For added convenience, consider using a consultant to guide you through the process and ensure compliance with all requirements

Document Type

Company registration

Constituent documents

Identification/personal documents

Business information

Ownership/structure

Tax/regulatory details

Bank forms/declarations

Proof of capital/source of funds

Supporting documents (if requested)

Description/Examples

Certificate of incorporation

Articles & memorandum of association

Passports/IDs, proof of address for directors/owners

Business plan, activity description, projected turnover

List of directors/shareholders

TIN, VAT, CCSS number, licenses

Application forms, KYC/AML, letter of motivation

Bank statements, contracts, investment agreements

Major contracts, client/supplier info, organization chart

Our specialists advise:

Select your banking partner based on your company’s size, sector, and whether you value traditional in-person relationships or modern digital convenience. Malta’s diverse banking landscape ensures there is a tailored solution for every business-from local SMEs to global enterprises. If you need personalized guidance or support with the application process, our team is ready to assist you at every step.

 

If you're unsure which option is right for your business or need step-by-step assistance with the account opening process, our team is here to help. We offer tailored consultations to match your corporate structure with the most suitable banking solution in Malta

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