Overview
Sparkasse Bank Malta, at a glance.
Sparkasse Bank Malta is a bank headquartered in Malta, regulated by MFSA, Central Bank of Ireland. The company behind Sparkasse Bank Malta is Sparkasse Bank Malta plc. Business accounts cost €83 a month. Opening an account takes weeks to months.
Sparkasse Bank Malta plc is a credit institution licensed by the Malta Financial Services Authority. Eligible deposits are protected by the Depositor Compensation Scheme up to €100,000 per depositor.
Why businesses pick Sparkasse Bank Malta
- A licensed Maltese bank, not an e-money account: deposits protected up to €100,000
- Direct participant in SEPA, SEPA Instant, TARGET and SWIFT
- Accounts and payments in many currencies, with a full published tariff
- Free incoming SEPA payments and free transfers between your own accounts
- Online banking with several users and bulk payments of over 1,000 at once
Watch out for
- Relationship-led: no self-serve sign-up
- €250 a quarter per currency account and €500 to €3,000 to onboard
- Opening takes from a couple of weeks to a few months
- No list of accepted countries, owner residency or refused industries is published
- No business debit card is described, only credit cards
Business fit
Will Sparkasse Bank Malta accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Sparkasse Bank Malta's published rules
Needs review
Sparkasse Bank Malta works with Corporate entities, but does not publish the countries it accepts companies from.
Sparkasse Bank Malta does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Sparkasse Bank Malta publishes about the businesses it takes on.
Who Sparkasse Bank Malta serves
- Financial institutions
- Fund managers
- Holding companies
All 7 industries on Sparkasse Bank Malta's accepted list
- Corporate entities
- Private customers
- Funds
- Asset managers
- Other regulated investment entities
- UCITS, AIFs and Professional Investor Funds (depositary and custody services)
- Industries conducting their activity with the seal of a regulatory approval
Not supported
Industries and countries Sparkasse Bank Malta does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Sparkasse Bank Malta?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
Many currencies
The bank offers accounts and payments in a great number of currencies; it publishes no list.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Corporate entities, Funds and other regulated investment entities
Pricing
What does Sparkasse Bank Malta cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
€83.333
Corporate account (per currency account)
€83.333 per month
€0 setup · €1,000 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | Free | No charge |
| SWIFT / international | 0.1%, min €10 | Percentage, with a minimum charge · Maximum €150 |
| Local transfer from another bank | 0.1%, min €10 | Percentage, with a minimum charge · TARGET payments; maximum €150 |
| Outgoing | ||
| SEPA | €4 | Fixed fee |
| SWIFT / international | 0.25%, min €10 | Percentage, with a minimum charge · Under €60,000, maximum €60; €60,000 or more 0.10%, minimum €60, maximum €200; US dollar payments 0.25%, minimum €20, maximum €450 |
| Local transfer to another bank | €15 | Fixed fee · TARGET payments |
| To another Sparkasse Bank Malta account | €0.5 | Fixed fee · To a third-party account at the bank; transfers between your own accounts are free |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published | Daily rate set by the bank; no margin published |
Onboarding
From application to live account.
The bank says opening can take from a couple of weeks to a few months, depending on the customer's risk profile and how quickly the documents arrive.
- 1
Contact the bank
Send the name of the legal entity and a short description of the activity to the Corporate Banking Team.
- 2
Applicant for Business form
Complete the form tailored to your industry; the team says whether it fits the bank's Customer Acceptance Principles.
- 3
Documents
Collect the company documents, forms and due diligence on the controlling persons and the people who operate the account.
- 4
Account live
The account is opened, typically after a couple of weeks to a few months.
Documents you need
- Company documents confirming who the controlling persons are
- Application forms
- Due diligence documentation on the controlling persons and the persons operating the account
FAQ
Your questions, answered.
Is Sparkasse Bank Malta a bank?
Yes. Sparkasse Bank Malta plc (C27152) is a credit institution licensed by the Malta Financial Services Authority, owned by Anteilsverwaltungssparkasse Schwaz in Austria. Deposits are protected by the Maltese Depositor Compensation Scheme up to €100,000 per depositor.
How much does a corporate account cost?
€250 a quarter per currency account, plus a €500 to €3,000 on-boarding fee according to the complexity of the structure. Incoming SEPA payments are free; outgoing SEPA payments cost €4 and SWIFT payments 0.25% (minimum €10, maximum €60) below €60,000.
How do I open an account?
Contact the Corporate Banking Team with the legal entity's name and a short description of its activity. The team sends the Applicant for Business form for your industry and, once it confirms eligibility, the list of documents. Opening can take from a couple of weeks to a few months.
Does Sparkasse Bank Malta take crypto businesses?
Its tariff has a processing fee for payments to and from crypto exchanges or crypto-related transactions (0.25%, minimum €4, maximum €750), but it publishes no policy on accepted or refused industries; SWIFT payments carry the note that industry restrictions may apply.
Alternatives
How Sparkasse Bank Malta compares.
If Sparkasse Bank Malta is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Sparkasse Bank MaltaThis pageBank |   | Business accountRelationship banking |
 Bank of VallettaBank | | Maltese IBANDeposit protection |
 Bank FrickBank |    | Crypto-friendlyFinancial intermediaries |
 LHV BankBank |  | Estonian IBANNon-residents accepted |
 AMINA BankBank |  | Crypto-friendly19 currencies |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.