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MeDirect Bank review

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

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Our verdict

MeDirect Bank suits savers who want free easy access to cash and do not chase the highest rate. The Me Max account pays 2% on a variable basis, with a minimum deposit of €0 and a monthly fee of €0.

Key facts

Best for
A euro easy-access account with no monthly fee and instant withdrawals.
Headline rate
2%↗
Rate type
Variable↗
Minimum deposit
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Instant access, withdrawals anytime and unlimited↗
Monthly fee
€0↗
Account kind
Easy access↗
Regulators
Malta Financial Services Authority↗
Legal entity
MeDirect Bank (Malta) plc↗
Headquarters
Malta↗
Founded
2004↗
Support channels
Email, Chat, Phone, Help-centre↗
Pricing model
No monthly fee
Official website
medirect.com.mt

Brokers

Account fee
€0↗
Markets
Stocks, ETFs, Bonds, Funds↗
Investor protection
EU ICS up to EUR 20,000↗
Currency conversion fee
1.5%↗
Features
Multi-currency, Virtual card

Debit cards

Free ATM withdrawals
€0↗
Card type
Debit↗

Mortgages

Purpose
Purchase↗

Facts checked September 26, 2026, 10 sources

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaLinkedIn

Pros and cons

Pros

  • No monthly fee, with a minimum deposit of €0 and easy access terms
  • EU DGS up to EUR 100,000 covers cash held in the savings account
  • Multi-currency and virtual card features come with the account
  • Investing is also offered, on stocks, etfs and bonds, with an account fee of €0

Cons

  • The 2% rate sits well below the 3.29% paid by Wise and the 3.01% paid by bunq
  • The rate is variable, so it can move down as well as up
  • Currency conversion costs 1.5% when you spend outside the euro
MeDirect Bank

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Scored 9.1 / 10 by SumCue.

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Who it suits

  • Anyone holding euro savings who needs instant access to the money
  • Households that want no monthly account charge and no minimum deposit
  • Savers who also want stocks, etfs, bonds and funds in the same group

Who should look elsewhere

  • Chasers of the top rate, since Wise and bunq pay more
  • Anyone who needs a fixed rate to lock in for a term

Rates and card terms

The Me Max account pays 2% at a variable rate, so the figure can change rather than staying locked for a fixed term. Money comes out on demand: access terms are Instant access, withdrawals anytime and unlimited. There is nothing to pay to hold it, since the minimum deposit is €0 and the monthly fee is €0. Spending away from the account costs 1.5% on currency conversion, and the card is a debit card with free ATM withdrawals of €0.

The company behind it

The account is run by MeDirect Bank (Malta) plc, which is based in Malta and has been trading since 2004. Its regulator is the Malta Financial Services Authority. Help is offered through email, chat and phone, so you can reach the bank by email, chat, phone or the help centre. The same group runs the investing side of the business as well.

How MeDirect Bank compares

Where MeDirect Bank is available

Available
Malta
Licence in Malta
Malta Financial Services Authority, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does MeDirect Bank pay on savings?+

The Me Max account pays 2% at a variable rate. A variable rate can rise or fall, so the figure you see now is not guaranteed for the whole year. It is an easy-access account rather than a fixed term product.

Is there a minimum deposit or a monthly fee?+

There is no barrier to opening. The minimum deposit is €0 and the monthly fee is €0, so the account can be funded with a small amount and kept open at no charge. The account model carries no monthly fee either.

How is my money protected?+

Deposits are covered by EU DGS up to EUR 100,000, which is the European deposit guarantee scheme. Investments held in the same group sit under a separate scheme, EU ICS up to EUR 20,000, which covers a lower amount and does not cover market losses.

Can I get at my money quickly?+

Yes. Access terms are Instant access, withdrawals anytime and unlimited, so the account is built for instant access rather than a notice or fixed period. That suits an emergency buffer, though it means the balance is not tied up to earn more.

What does it cost to spend abroad?+

Currency conversion is charged at 1.5% on amounts converted. If you hold more than the euro balance, the multi-currency feature lets you keep some spending money in other currencies, which can cut how often you convert.

Does the card come with any perks?+

The card is a debit card and the virtual card feature lets you add card details to online shops without a physical card. Free ATM withdrawals are €0, so the card is aimed at everyday spending rather than cash machine use abroad.

Can I invest through the same provider?+

Yes. The group covers stocks, etfs and bonds, and the investing account fee is €0. The regulator is the Malta Financial Services Authority, and investments sit under EU ICS up to EUR 20,000 rather than the deposit guarantee.

How do I get help if something goes wrong?+

Support runs through email, chat and phone, covering email, chat, phone and a help centre. The bank is a Malta based institution, MeDirect Bank (Malta) plc, so account questions are handled by the same team that holds your balance.

Sources

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

MeDirect Bank

MeDirect Bank

A euro easy-access account with no monthly fee and instant withdrawals.

9.1/10See alternatives