Bank account for malta company

[ImABotnet]

Hello everyone,

I have now successfully registered my company in Malta, which was finalized since 1 week!

I would really appreciate your advice on one final and crucial point: Which bank would you recommend for my business?

I run three e-commerce stores generating around €100K in monthly revenue (total). My business is relatively new, operating since September 2024. My stores are not in a high-risk sector (no gambling, crypto, or finance/ adult).


I’ve heard mixed opinions on fintech solutions—some say they are great, others mention account freezes and compliance issues. Also, I read that opening an account with HSBC Malta is very difficult, and Bank of Valletta (BoV) is even more complicated.

Considering my situation, which banking solution would you recommend ?

 

[ilke]

Try Moneybase, it's a Maltese EMI from CCIS so you can receive send SEPA/SWIFT (EUR, USD, GBP) at good pricing while also investing business funds from the account (they have savings cash funds as well, which are quite low risk and almost match money market rates).

Otherwise, wamo.io is also quite good. Classic EMI running on top of BCIR, nothing special, but you get multi-currency IBANs and corporate cards for a fair price.

You can also look at the usual mass-market business EMIs like Worldfirst, Currenxie, Zen, Okeo, OneMoneyWay; all quite decent.

Personally I avoid Maltese banks, and it's usually difficult to open accounts in jurisdictions you don't have a connection to (e.g., if you were Slovak, it would not be particularly hard to open accounts for a Maltese Ltd in Slovakia) so I would rather recommend these FinTech solutions.

 

[PhantomOf ThePits]

Hello everyone,

I have now successfully registered my company in Malta, which was finalized since 1 week!

I would really appreciate your advice on one final and crucial point: Which bank would you recommend for my business?

I run three e-commerce stores generating around €100K in monthly revenue (total). My business is relatively new, operating since September 2024. My stores are not in a high-risk sector (no gambling, crypto, or finance/ adult).


I’ve heard mixed opinions on fintech solutions—some say they are great, others mention account freezes and compliance issues. Also, I read that opening an account with HSBC Malta is very difficult, and Bank of Valletta (BoV) is even more complicated.

Considering my situation, which banking solution would you recommend ?

Wise.com as well as Revolut.com open biz accounts for a Maltese TradeCo.

Dont waste your time with local Maltese banks, 'trust me Bro'...

 

[JustAnotherNomad]

I have no personal experience, but you should probably set up as many accounts as you can. Any account can get frozen, so then you should have a backup ready.

 

[undercover]

Try Moneybase, it's a Maltese EMI from CCIS so you can receive send SEPA/SWIFT (EUR, USD, GBP) at good pricing while also investing business funds from the account (they have savings cash funds as well, which are quite low risk and almost match money market rates).

Had a look at them, looks like a regular but good EMI, do you have used them in the past and for how long ?