Izola Bank plc

Business Summary

Services
retail banking
business banking
Clients
natural persons
business entities
Products
savings accounts (0.00 - 0.00 %)
time deposit accounts (0.00 - 0.00 %)
corporate savings
corporate lending
corporate factoring
Area Served
MTMalta
internationally
DEGermany
Account Currencies
EUEUR

Izola Bank plc provides products and services in the areas of retail banking, business banking. The range of products offered by Izola Bank plc includes savings accounts (0.00 - 0.00 %), time deposit accounts (0.00 - 0.00 %), corporate savings, corporate lending, corporate factoring. Izola Bank plc makes its solutions available to natural persons, business entities.

Account Opening

Account Opening Procedure
completely online

Opening an account with Izola Bank plc can be done by performing the following steps: completely online.

Required Documents
passport or ID card
proof of address
application form

Izola Bank plc requires the following documents to open a personal bank account: passport or ID card; proof of address; application form.

While opening a bank account Izola 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 Izola Bank plc and the documents used are outlined below.

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

Izola Bank plc 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 Izola 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.

Izola 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.)
0.00 %
Deposit Term
1 - 99 months
Savings Account Details
Product Name
Flexgeld24
Account Currency
EUR
Min. Interest Rate (p.a.)
0.00 %
Max. Interest Rate (p.a.)
0.00 %
Min. Deposit Term
1 month
Max. Deposit Term
99 months
Min. Investment Amount
1 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
24 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 Izola 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 Izola 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).

Izola Bank plc offers the following time deposit accounts.

Updated on 13 August 2020

Festgeld
Sales Region
DEGermany
Investment Amount
1,000 - 100,000 EUR
Interest Rate (p.a.)
0.00 %
Deposit Term
6 - 60 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.00 %
Max. Interest Rate (p.a.)
0.00 %
Min. Deposit Term
6 months
Max. Deposit Term
60 months
Min. Investment Amount
1,000 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 Izola 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 Izola Bank plc from the time deposit account.

See Also

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