Hello guys,
I would like to ask you if anyone in the last few months has found any banks that accept Maltese LTD.
Thank you
I would like to ask you if anyone in the last few months has found any banks that accept Maltese LTD.
Thank you
Are you a resident of Malta or EU?
Yup forget banks in Malta right now. Use Maltese EMI's or FX companies.
You can open with Finductive or Fexserv (very reputable) in Malta.
In unlikely event they both reject you then try emoney and Mifinity in Malta.
You may want to explain what your business is?.
Eventually is there any Bigger company like Revolut/N26 or similiar that still accept Maltese companies?
I will try to contact both. Do you know if they also provide Debit card?
You could also try the Maltese Post Office bank, which although managed by Lombard, may have easier criteria to meet. There is an EMI called Blackcat that advertises a lot and is run by a company called Papaya, with its headquarters in Sliema. Blackcat has VERY mixed reviews and you should do a lot of research before entrusting them with large sums. Look carefully who owns it, its history, where it is registered etc.You can try them and worst they can say is no. But Malta is gray listed country right now so may put you into a higher risk bracket with them when it comes to actual operations.
Think only emoney does.
P.S Have you actually tried any of the Malta banks yourself? You could look at Lombard bank I know people who had success.
I forgot to say that you could try Monese as well. A British EMI that accepts clients across Europe including Malta. They are a bit strange in having different debit cards for euros and pounds. Very easy to deal with and much friendlier than Revolut!! One strange little quirk is that they use your phone's location to check your address!You could also try the Maltese Post Office bank, which although managed by Lombard, may have easier criteria to meet. There is an EMI called Blackcat that advertises a lot and is run by a company called Papaya, with its headquarters in Sliema. Blackcat has VERY mixed reviews and you should do a lot of research before entrusting them with large sums. Look carefully who owns it, its history, where it is registered etc.
I forgot to say that you could try Monese as well.
Wow, thanks Sols! I am learning so much from this site! The main website is in German so surely they are trying to attract Germans? As far as safety goes, would you consider this a better option than a purely Maltese EMI, or is the German company of no significance? My background is in Biology and I have no experience in business or finance, merely a healthy paranoia and mistrust of all financial institutions and a desire to have fun in my retirement.Yuropay is not a German EMI. It is a German company operating as a licensed agent of a Maltese EMI.
Wow, thanks Sols! I am learning so much from this site! The main website is in German so surely they are trying to attract Germans? As far as safety goes, would you consider this a better option than a purely Maltese EMI, or is the German company of no significance? My background is in Biology and I have no experience in business or finance, merely a healthy paranoia and mistrust of all financial institutions and a desire to have fun in my retirement.![]()
There is no meaningful difference in terms of safety where an EMI is incorporated/licensed, since both are ultimately operating under laws based on the same EU directives.Wow, thanks Sols! I am learning so much from this site! The main website is in German so surely they are trying to attract Germans? As far as safety goes, would you consider this a better option than a purely Maltese EMI, or is the German company of no significance?
Er...no! We were just discussing how to have a Maltese IBAN, but I certainly would not choose a company without knowing a lot about it, doing due diligence, research and KYB!! What good is a Maltese IBAN if they then disappear down the drain? e.g. Pilatus bank, Nemea bank, Satabank ? All Maltese!It doesn't matter whether the company is based in Germany, Malta or Burkina Faso. The accounts are opened with an EMI in Malta and that's what you're looking for, isn't it?
I only have Wise with Malta Ltd. Would you trust Finductive and Fexserv with mid 6 figure sums?Yup forget banks in Malta right now. Use Maltese EMI's or FX companies.
You can open with Finductive or Fexserv (very reputable) in Malta.
In unlikely event they both reject you then try emoney and Mifinity in Malta.
You may want to explain what your business is?.
I only have Wise with Malta Ltd. Would you trust Finductive and Fexserv with mid 6 figure sums?
Also how does Wise treat transfers to other EMIs? Do they know it's an EMI based on Iban or something? I'm thinking would they get all finicky if they know it's another EMI.