Bank of Valletta review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Bank of Valletta is a Maltese bank whose Visa debit card comes with a current account charging a monthly fee of €0. It suits residents of Malta and Gozo who bank in branches rather than app only, and deposits are covered by EU DGS up to EUR 100,000.
Key facts
Savings
- Deposit protection
- EU DGS up to EUR 100,000↗
Loans
Facts checked September 26, 2026, 4 sources
Pros and cons
Pros
- The current account carries a monthly fee of €0, the only running cost stated for everyday banking.
- The card is a debit card on the visa network, so it works on the most widely used network in the debit card ranking.
- Deposits sit under the EU deposit guarantee scheme, EU DGS up to EUR 100,000.
- Customers are served through branches across Malta and Gozo, which suits people who bank in person.
Cons
- The service footprint is a single market, with customers reached through branches across Malta and Gozo.
- The card is a debit card, so spending depends on the balance held rather than a credit line.
- The overall score is 6.3, so the free monthly fee of €0 is only part of the cost picture.
Who it suits
- People living and working in Malta and Gozo who prefer dealing with a branch.
- Anyone who wants a debit card on the visa network at a monthly fee of €0.
- Customers who want deposits held under the EU deposit guarantee scheme, EU DGS up to EUR 100,000.
Who should look elsewhere
- Wise, for anyone who wants one account to hold several currencies rather than serve a single domestic market.
- Starling Personal Account Debit Card, for UK customers who want to run the whole relationship through a phone app.
- Varo Believe Secured Credit Card, for people who want a secured credit card instead of a debit card; its monthly fee is $0.
The company behind it
Behind the card sits Bank of Valletta p.l.c., a bank headquartered in Malta and founded in 1974. That points to an established domestic institution with a long operating record rather than a recent entrant. The name on the account, the card and the charges is the same legal entity, so one institution covers the whole relationship.
How Bank of Valletta compares
9.4 vs 9.4
9.4 vs 9.0
9.4 vs 8.9
9.4 vs 9.4
9.4 vs 8.7
9.4 vs 9.2
9.4 vs 9.4
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9.4 vs 8.9
9.4 vs 8.6
9.4 vs 9.2
9.4 vs 8.4
9.4 vs 8.5
9.4 vs 8.8
9.4 vs 9.0
9.4 vs 8.6
9.4 vs 8.3
9.4 vs 9.5
9.4 vs 9.4
9.4 vs 9.4
9.4 vs 9.3
9.4 vs 9.3
9.4 vs 9.3
9.4 vs 9.3
9.4 vs 9.2
9.4 vs 9.2
9.4 vs 9.2
9.4 vs 9.1
9.4 vs 9.1
9.4 vs 9.1
9.4 vs 9.1
9.4 vs 9.0
9.4 vs 9.0
9.4 vs 9.0
9.4 vs 8.9
9.4 vs 8.8
9.4 vs 8.7
9.4 vs 8.5
9.4 vs 8.4
9.4 vs 8.0- 9.4 vs 8.0
Where Bank of Valletta is available
- Available
- Malta
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much is the monthly fee on a Bank of Valletta current account?+
The current account carries a monthly fee of €0. The account is held with the bank and paired with a debit card on the visa network, so that fee is the main running cost stated for everyday banking here.
Is my money protected if the bank fails?+
Deposits are covered by the EU deposit guarantee scheme, and the protection runs to EU DGS up to EUR 100,000. The same institution lends in its own right, direct lender, so your balance and any borrowing sit with one provider rather than two.
What kind of card comes with the account?+
It is a debit card running on the visa network, so everyday spending draws on the balance you hold rather than a borrowing facility. Visa accounts for 59.2% of the cards in the debit card ranking.
Where can I bank with this account?+
Customers are served through branches across Malta and Gozo, and the bank is headquartered in Malta. That footprint suits people who bank in person, and it is the practical limit compared with an account run entirely online.
How does it compare with other fee free accounts?+
On the monthly fee the bank ranks at 1 out of 422 brands ranked on that measure, charging €0 on the current account. Its overall score is 6.3, so the fee is the clearest strength rather than the whole picture.
Does the bank lend as well as hold deposits?+
Yes. It is described as a direct lender, so credit comes from the bank itself rather than being arranged through a broker or marketplace. Direct lenders cover 72.4% of lenders on the site, so this is the standard setup.
How long has the bank been trading?+
The legal entity is Bank of Valletta p.l.c., founded in 1974 and based in Malta. An operating record that long matters when you weigh the safety of a deposit, so read it alongside the guarantee limit of EU DGS up to EUR 100,000.
Sources
- en.wikipedia.org/wiki/Bank_of_Valletta checked September 26, 2026
Backs: Deposit protection, Eligibility, Founded, Headquarters, Lender type
“Bank of Valletta p.l.c. operates the largest retail network on the island, with thirty six branches, one satellite branch and four agencies around Malta and Gozo.”
- bov.com/meta/downloads checked September 26, 2026
Backs: Legal entity
“Bank of Valletta p.l.c.”
- bov.com/meta/downloads checked September 26, 2026
Backs: Monthly fee
“Providing a debit card BOV Cashlink Visa Card Free”
- bov.com/meta/downloads/cashlinkpay-product-info-guide checked September 26, 2026
Backs: Card type, Card network
“The BOV CashlinkPay is a Visa debit card”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.