MeDirect Bank (Malta) plc

Business Summary

Services
retail banking
corporate banking
Products
savings accounts
time deposit accounts (0.50 - 1.00 %)
investment accounts
guarantees
Area Served
MTMalta
EUEuropean Union
DEGermany
Account Currencies
EUEUR
GBGBP
USUSD
AUAUD

MeDirect Bank (Malta) plc provides products and services in the areas of retail banking, corporate banking. The range of products offered by MeDirect Bank (Malta) plc includes savings accounts, time deposit accounts (0.50 - 1.00 %), investment accounts, guarantees.

Account Opening

Account Opening Procedure
completely online

Opening an account with MeDirect Bank (Malta) plc can be done by performing the following steps: completely online.

Required Documents
passport
proof of address
income details
application form

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

While opening a bank account MeDirect Bank (Malta) 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 MeDirect Bank (Malta) 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

MeDirect Bank (Malta) plc may require additional documentation or information depending on the case.

Identity Verification
selfie

MeDirect Bank (Malta) plc performs identity verification using selfie.

Ways to Bank

Business Channels
branch branch
online banking online banking
mobile app mobile app

Products and services offered by MeDirect Bank (Malta) plc are available at its branches and via its online banking system, mobile application.

Products

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).

MeDirect Bank (Malta) plc offers the following time deposit accounts.

Updated on 20 September 2020

Festgeld
Sales Region
DEGermany
Investment Amount
1,000 - 50,000 EUR
Interest Rate (p.a.)
0.50 - 1.00 %
Deposit Term
6 - 24 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
1.00 %
Min. Deposit Term
6 months
Max. Deposit Term
24 months
Min. Investment Amount
1,000 EUR
Max. Investment Amount
50,000 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 MeDirect Bank (Malta) 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 MeDirect Bank (Malta) plc from the time deposit account.

See Also

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See Also

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