BNF Bank plc

Business Summary

Services
personal banking
business banking
corporate banking
Products
current accounts
savings accounts (0.05 - 0.05 %)
time deposit accounts (0.35 - 1.30 %)
debit cards
credit cards
overdraft loans
personal loans
mortgage loans
trade finance
Area Served
MTMalta
EUEuropean Union
DEGermany
Account Currencies
EUEUR
foreign currencies
Card Providers
VisaVisa

BNF Bank plc provides products and services in the areas of personal banking, business banking, corporate banking. The range of products offered by BNF Bank plc includes current accounts, savings accounts (0.05 - 0.05 %), time deposit accounts (0.35 - 1.30 %), debit cards, credit cards, overdraft loans, personal loans, mortgage loans, trade finance.

Account Opening

Account Opening Procedure
visit bank branch

Opening an account with BNF Bank plc can be done by performing the following steps: visit bank branch.

Required Documents
passport
proof of address
income details
application form

BNF Bank plc requires the following documents to open a personal bank account: passport; proof of address; income details; application form.

While opening a bank account BNF Bank plc has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by BNF Bank plc and the documents used are outlined below.

Identity Verification
passport
any one of the documents above
Address Confirmation
proof of address
any one of the documents above
Current Occupation
Income Source
income details
any one of the documents above
Forms
application form
all the forms from above

BNF Bank plc may require additional documentation or information depending on the case.

Identity Verification
branch visit

BNF Bank plc performs identity verification using branch visit.

Ways to Bank

Business Channels
branch branch
online banking online banking

Products and services offered by BNF Bank plc are available at its branches and via its online banking system.

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

BNF Bank plc offers the following savings accounts.

Updated on 13 August 2020

Flexgeld24
Sales Region
DEGermany
Investment Amount
1 - 100,000 EUR
Interest Rate (p.a.)
0.05 %
Deposit Term
1 - 99 months
Savings Account Details
Product Name
Flexgeld24
Account Currency
EUR
Min. Interest Rate (p.a.)
0.05 %
Max. Interest Rate (p.a.)
0.05 %
Min. Deposit Term
1 month
Max. Deposit Term
99 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Savings accounts made with BNF Bank plc are covered by deposit guarantee scheme of Malta up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of Malta is not taxed. Interest gained on savings accounts by residents of Malta is taxed at 15.00% rate. When the interest is paid, this tax is automatically withhold by BNF Bank plc from the savings account.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

BNF Bank plc offers the following time deposit accounts.

Updated on 13 August 2020

Festgeld
Sales Region
DEGermany
Investment Amount
1 - 100,000 EUR
Interest Rate (p.a.)
0.35 - 1.30 %
Deposit Term
3 - 60 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.35 %
Max. Interest Rate (p.a.)
1.30 %
Min. Deposit Term
3 months
Max. Deposit Term
60 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with BNF Bank plc are covered by deposit guarantee scheme of Malta up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Malta is not taxed. Interest gained on time deposit accounts by residents of Malta is taxed at 15.00% rate. When the interest is paid, this tax is automatically withhold by BNF Bank plc from the time deposit account.

See Also

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