Open an account in Malta

About the Bank

For those who are interested in opening an account in a European bank, we recommend that you pay attention to the Bank of Valletta, a Maltese bank whose reliability and prestige have been confirmed since 1908 with an impeccable reputation and stable economic performance. Thus, as of 2012, the assets of the Bank of Valletta amounted to 7 billion EUR, and the number of employees exceeded 1,600 employees.

Services

• The Bank of Valletta is the leader in the financial services sector in Malta and holds the Malta Financial Services License to provide a full range of financial services.
• The Bank provides investment services, fund management, banking insurance, exchange services, and acts as a trust.
• The Bank serves its clients through a national network of 44 branches, and in addition has an International Corporate Center, Business Centers, Investment Centers and a wealth management department.
• The bank offers Internet banking, mobile and telephone banking.
• Vletta Bank has offices in Brussels, Milan, Australia and Libya.
• The bank is authorized to issue debit and credit cards under the Visa and MasterCard logo, and has also established a partnership with the American Express Company through which it can issue American Express payment cards.

Advantages

• High reliability, stability and credibility. According to the international rating agency Fitch, the Bank of Valletta currently has a fairly high level of BBB +. In addition, the Bank exercises control over the state of capital in accordance with the international unification of capital calculation and the standards of the Basel Accord.
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• Extensive network of correspondent banks. The bank has representative offices in Brussels, Milan, Australia and Libya.
• A wide range of services and the opportunity to receive a comprehensive service.

Documents required for account opening

As part of the 'know your customer' procedure standard for all financial institutions, the Bank of Valletta requests a number of documents that not only provide information about the client, but also ensure the security of his future payments.

So, for the beneficiary of the account, the shareholder, signatories and officials who are individuals, the following is required: a bank questionnaire, copies of identity documents and confirming the address of residence, two letters of recommendation from public partners and the bank, a signed resume, a sample signature.

In the case of legal entities, it is necessary to provide copies of registration documents, a share certificate, a declaration of trust and a power of attorney (if applicable), signature samples of individuals associated with the company, a description of the activities of the enterprise (partners, countries of operation, method of payment, etc.), signed agent or client. All documents must be notarized and translated into English. Our company provides comprehensive assistance in the collection and certification of documents.

Account Management

Account management is possible using the BOV 24×7 Internet Banking system, which is also available via iPadTM.

Minimum deposit: 50 British pounds or equivalent in another currency. More information about bank rates can be found here.

Malta Corporate Law