FCM Bank Ltd

Business Summary

Services
retail banking
corporate banking
foreign-exchange services
Products
savings accounts (0.25 - 0.25 %)
time deposit accounts (0.40 - 0.65 %)
investment loans
real estate loans
project financing
working capital loans
Area Served
MTMalta
internationally
DEGermany
Account Currencies
EUEUR
GBGBP

FCM Bank Ltd provides products and services in the areas of retail banking, corporate banking, foreign-exchange services. The range of products offered by FCM Bank Ltd includes savings accounts (0.25 - 0.25 %), time deposit accounts (0.40 - 0.65 %), investment loans, real estate loans, project financing, working capital loans.

Account Opening

Account Opening Procedure
submit online application
sign and send documents
make transfer

Opening an account with FCM Bank Ltd can be done by performing the following steps: submit online application, sign and send documents, make transfer.

Required Documents
passport
proof of address
employment details
application form

FCM Bank Ltd requires the following documents to open a personal bank account: passport; proof of address; employment details; application form.

While opening a bank account FCM Bank Ltd 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 FCM Bank Ltd 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
employment details
any one of the documents above
Income Source
Forms
application form
all the forms from above

FCM Bank Ltd may require additional documentation or information depending on the case.

Ways to Bank

Business Channels
branch branch
online banking online banking

Products and services offered by FCM Bank Ltd 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.

FCM Bank Ltd offers the following savings accounts.

Updated on 11 August 2020

Tagesgeld/Flexgeld24
Sales Region
DEGermany
Investment Amount
1 - 100,000 EUR
Interest Rate (p.a.)
0.25 %
Deposit Term
1 - 99 months
Savings Account Details
Product Name
Tagesgeld/Flexgeld24
Account Currency
EUR
Min. Interest Rate (p.a.)
0.25 %
Max. Interest Rate (p.a.)
0.25 %
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 FCM Bank Ltd 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 FCM Bank Ltd 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).

FCM Bank Ltd offers the following time deposit accounts.

Updated on 11 August 2020

Festgeld
Sales Region
DEGermany
Investment Amount
1 - 100,000 EUR
Interest Rate (p.a.)
0.40 - 0.65 %
Deposit Term
3 - 12 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.40 %
Max. Interest Rate (p.a.)
0.65 %
Min. Deposit Term
3 months
Max. Deposit Term
12 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
4 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 FCM Bank Ltd 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 FCM Bank Ltd from the time deposit account.

See Also

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