Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

MeDirect Bank Malta review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

MeDirect Bank Malta suits everyday spenders who want a debit card with a multi-currency balance, and savers who need instant access rather than a top rate. Deposits sit under EU DGS up to EUR 100,000, and the account is easy-access with a variable rate on the savings side.

Key facts

Best for
A no-cost debit account with a multi-currency balance for everyday spending.
Monthly fee
€0↗
Currency conversion fee
1.5%↗
Free ATM withdrawals
€0↗
Card type
Debit↗
Legal entity
MeDirect Bank (Malta) plc↗
Headquarters
Malta↗
Founded
2004↗
Support channels
Email, Chat, Phone, Help-centre↗
Features
Multi-currency, Virtual card
Official website
medirect.com.mt

Brokers

Minimum deposit
€0↗
Account fee
€0↗
Markets
Stocks, ETFs, Bonds, Funds↗
Regulators
Malta Financial Services Authority↗
Investor protection
EU ICS up to EUR 20,000↗
Account types
Corporate↗
Pricing model
No monthly fee

Savings

Headline rate
2%↗
Rate type
Variable↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Instant access, withdrawals anytime and unlimited↗
Account kind
Easy access↗

Robo-advisors

Management fee
1.2%↗
Minimum investment
€100↗
Portfolio types
ETF, ESG, Cash↗

Facts checked September 26, 2026, 12 sources

Apps and profiles

Elsewhere
WikidataWikipediaLinkedIn

Pros and cons

Pros

  • No monthly charge: the monthly fee is €0 and the account fee is €0.
  • Multi-currency balances and a virtual card, both listed under multi currency and virtual card.
  • Instant access with withdrawals at any time, and a minimum deposit of €0.
  • Support runs through email, chat and phone, covering phone, chat, email and a help centre.

Cons

  • Currency conversion costs 1.5%, above the 1% site median.
  • The free ATM withdrawal allowance is €0, so cash machine use brings a charge.
  • Savings pay a variable 2%, under the 3% site median.
MeDirect Bank Malta

Ready to try MeDirect Bank Malta?

Scored 9.1 / 10 by SumCue.

See alternatives

Who it suits

  • Everyday spenders who want a debit card, a multi-currency balance and no monthly charge.
  • Savers who need instant access and a variable rate rather than a locked term.
  • Malta-based businesses, since corporate accounts are among the account types listed.

Who should look elsewhere

  • Varo Believe Secured Credit Card, if the goal is a secured credit card, because the card here is a debit card.
  • bunq, if a conversion fee below 1.5% would change the choice, since bunq's range is 0.5% to 3%.
  • Wise, for savers chasing the top return, since interest here is a variable 2% against a 3% site median.

Rates and terms

Interest is paid at a variable rate, shown as 2%, and the rate type is variable. Because the rate moves rather than being locked, the amount credited to an account can change with the rate the bank sets, so the headline figure is a starting point rather than a promise. Savers who want a fixed rate for a set term would need to look elsewhere.

How MeDirect Bank Malta compares

Where MeDirect Bank Malta is available

Available
Malta

Countries from its affiliate programme (Source)

Frequently asked questions

What does MeDirect Bank Malta charge to hold the account?+

The debit account carries a monthly fee of €0 and an account fee of €0, so there is nothing to pay for keeping it open. The charges that do apply come from using the card: conversion at 1.5% on foreign purchases, and a free ATM withdrawal allowance of €0.

Is my money protected at MeDirect Bank Malta?+

Deposits are covered under EU DGS up to EUR 100,000, which sets the ceiling the scheme pays per depositor. Investment holdings sit under separate cover, EU ICS up to EUR 20,000, and the legal entity behind the accounts is MeDirect Bank (Malta) plc. Neither limit changes the risk of markets themselves.

Can I get at my savings when I want them?+

This is an easy-access account, and the bank describes instant access with withdrawals at any time. The minimum deposit is €0, so small amounts can be added from the start. The rate is variable, so the interest figure can change over the life of the balance.

What kind of card is it, and can I get a virtual one?+

It is a debit card, so spending draws on the balance rather than a credit line. The feature list covers multi-currency balances and a virtual card, which suits people who want a card for online use without carrying the physical one.

Who is this account aimed at?+

Corporate accounts are the account type listed, alongside a debit account built for everyday spending. The bank is headquartered in Malta and has operated since 2004. Malta-based households and businesses that want a no-cost account with a multi-currency balance fit the profile.

Can I invest through the same provider?+

The investment side covers stocks, ETFs, bonds and funds, and the discretionary portfolio service charges a management fee of 1.2% with a minimum investment of €100. Portfolio types listed include ETF, ESG and cash options, so saving and investing sit with one provider.

What protection applies to investments?+

Investment holdings are covered by EU ICS up to EUR 20,000, which sets the maximum the scheme would pay if the firm failed. Losses from falling markets sit outside that limit. Across the site, a typical retail investor loses money on 70.15% of accounts, so a varied outcome should be expected.

How do I reach help?+

Support runs through email, chat and phone, covering email, chat, phone and a help centre. A question can be raised by phone or in writing, and the help centre covers the common account topics the bank sets out.

Sources

Compiled from 12 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Protection.

MeDirect Bank Malta

MeDirect Bank Malta

A no-cost debit account with a multi-currency balance for everyday spending.

9.1/10See alternatives