Which Maltese Business Bank Account is the best for you?

7 months ago   •   4 min read

By İlayda Birol

When looking for a business bank account, it is important to find one that fits your company's needs. The four main types of business bank accounts are current accounts, savings accounts, corporate credit cards, and loans. Each type of account has a different set of benefits and costs associated with it; however, some banks offer more than one type of account.

HSBC Business Banking

HSBC is one of the largest banks in the world, and it has a variety of products and services. HSBC provides a wide range of business accounts to meet your needs.

The HSBC Business Banking Account provides an ideal balance between flexibility and security with daily access to funds via electronic transfers or cheque payments. There are no monthly account maintenance fees or limits on transactions or withdrawals as long as you use your card at least four times per month. It’s also easy to keep track of your spending with online banking, which allows you to view statements online 24/7—you can even download statements onto your mobile phone so they’re always available when you need them!

If you need additional services such as business overdrafts or direct debits (DD), then consider opening an HSBC Premier Business Current Account instead; this account comes with no monthly fee but does have some more stringent requirements: for example, customers must open another product with them (such as credit cards) within 90 days after applying for their first product through HSBC Credit Card Offer website.

Bank of Valletta (BOV) Business Banking

One of the best known and most popular Maltese banks is Bank of Valletta (BOV). The bank was founded in 1833 and has over 100 branches across Malta, making it the largest retail banking network in Malta.

BOV business banking products include a wide range of personal and business accounts, with different options depending on your requirements. BOV also offers investment services for businesses looking to grow their portfolio or retirement funds

APS Bank Business Banking

APS Bank is a Maltese bank with over 50 years of experience in financial services. APS provides business banking services to companies across the island, from its headquarters in Sliema and branch offices in Valletta, Gozo, San Lawrenz, Ghajnsielem and Balzan. APS offers a range of products and services designed specifically for small to medium-sized businesses (SMEs). It also has an online platform for customers who prefer to use their computer rather than visit a branch office.

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Banif Bank Malta Plc

Banif Bank Malta Plc, commonly known as Banif Bank Malta, is a subsidiary of Banco BPI. The bank was established in 2013 and has been operating in Malta since then. It offers business banking services to companies, as well as individuals. Banif Bank Malta provides its customers with the following: Business current accounts Private banking and wealth management services International banking operations (through Banco BPI)

Sparkasse Bank Malta

Sparkasse Bank Malta is a subsidiary of the Sparkasse Group, which is the largest financial services group in Germany. It offers a wide range of financial products and services to individuals and businesses. Sparkasse Bank Malta offers you access to all the benefits of a local bank with German quality standards, including: Financial planning advice from professional advisors Offering 24/7 online banking service with secure transactions and deposit management

Lombard Bank Malta Plc

Lombard Bank Malta Plc is a member of the European Banking Group. The bank was founded in 2005 and is based in Malta. It offers retail, corporate and private banking services to both companies and individuals.

The bank has an extensive branch network which includes branches in Paris and London as well as many other locations across Europe including France, Germany, Italy, Portugal and Spain.

It is most important to find a business bank account that suits you and your company's needs.

As you're looking for a business bank account, the most important thing to consider is what works best for you and your company. That means finding a bank that offers the services and features that are important to your company. It also means finding one with an online banking system that's easy to use, as well as products tailored to business customers.

If you want to open a business account fast with all the most up-to-date tools an features without the hassle and paperwork required by traditional banks - try wamo! Registering for a wamo business account with an EUR IBAN can be done from anywhere in the world, takes 10 minutes and can be up and running within 24 hours. Sound good? Download the wamo business app from the App Store or Google Play. Got questions, reach out to a wamo team member through Chat on the website or email support@wamo.io


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