# Sparkasse Bank Malta: Corporate banking (multi-currency payment accounts)

> A Maltese bank owned by an Austrian savings-bank holding that opens multi-currency payment accounts for companies through its Corporate Banking Team. It is a direct participant in SEPA, SEPA Instant, TARGET and SWIFT, with online banking and bulk payments and a published tariff. Relationship-led: an Applicant for Business form, then documents; opening takes from a couple of weeks to a few months.

Finzil profile: https://finzil.com/providers/sparkasse-bank-malta · Provider website: https://sbm.bank · Facts checked: 2026-10-23

## Key facts

- **Monthly fee:** €83 (€250 a quarter, per currency account)
- **Setup fee:** €500 to €3,000 (On-boarding fee by structure)
- **Onboarding:** Weeks to months (stated by the bank)
- **Provider type:** Bank
- **Payment rails:** SEPA, SEPA Instant, TARGET, SWIFT
- **Cards:** Credit cards
- **Safeguarding:** Maltese deposit guarantee up to €100,000
- **Headquarters:** Malta

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not published
- **Countries of incorporation accepted:** Not published
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** Not published
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** Corporate entities, Funds and other regulated investment entities

## Industries

- **Industries served:** Financial institutions, Fund managers, Holding companies
- **Prohibited industries (provider's own list):** Not published
- **Permitted industries (provider's own 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

## Licences

- Malta: MFSA, Credit institution, Sparkasse Bank Malta plc (https://www.mfsa.mt/financial-services-register/)
- Malta: MFSA, Investment firm and depositary; registered custodian of retirement schemes, Sparkasse Bank Malta plc (https://www.mfsa.mt/financial-services-register/)
- Ireland: Central Bank of Ireland, Depositary to Irish investment funds (Dublin branch), Sparkasse Bank Malta plc (Ireland Branch)

Safeguarding: 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.

## Fees

Source: https://sbm.bank/getattachment/404e74fa-3c3b-43da-8dd9-2c5be80ec98e/2026-05-15-Banking-Services-Fee-Schedule-Code-1000.pdf?lang=en-us (checked 2026-10-23)

### Plans

- **Corporate account (per currency account):** 83.33333333333333 EUR a month

### Incoming

- SEPA: Free
- SWIFT / international: 0.1%, min €10 · Maximum €150
- Local transfer from another bank: 0.1%, min €10 · TARGET payments; maximum €150

### Outgoing

- SEPA: €4
- SWIFT / international: 0.25%, min €10 · 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 · TARGET payments
- To another Sparkasse Bank Malta account: €0.5 · To a third-party account at the bank; transfers between your own accounts are free

### Currency exchange (FX)

- FX markup: Not published · Daily rate set by the bank; no margin published

## Opening an 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: Company documents confirming who the controlling persons are; Application forms; Due diligence documentation on the controlling persons and the persons operating the account

## Pros and cons

- Pro: A licensed Maltese bank, not an e-money account: deposits protected up to €100,000
- Pro: Direct participant in SEPA, SEPA Instant, TARGET and SWIFT
- Pro: Accounts and payments in many currencies, with a full published tariff
- Pro: Free incoming SEPA payments and free transfers between your own accounts
- Pro: Online banking with several users and bulk payments of over 1,000 at once
- Con: Relationship-led: no self-serve sign-up
- Con: €250 a quarter per currency account and €500 to €3,000 to onboard
- Con: Opening takes from a couple of weeks to a few months
- Con: No list of accepted countries, owner residency or refused industries is published
- Con: No business debit card is described, only credit cards

## Finzil's take (opinion)

Sparkasse Bank Malta is a conservative European bank with a published tariff, aimed at regulated and established companies and the intermediaries who serve them. Expect a proper onboarding file, a quarterly fee per currency account and no self-serve route.

## Alternatives

- [Bank of Valletta](https://finzil.com/providers/bank-of-valletta): Bank · Malta
- [Bank Frick](https://finzil.com/providers/bank-frick): Bank · Liechtenstein
- [LHV Bank](https://finzil.com/providers/lhv-bank): Bank · Estonia
- [AMINA Bank](https://finzil.com/providers/amina-bank): Bank · Switzerland

## FAQ

**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.

---

Finzil (finzil.com) is an independent directory of business accounts. No paid placement. Find providers that accept your business: https://finzil.com/find