CountryMT / MLT

Malta

Malta’s financial sector includes locally licensed banks and international financial businesses. Understand the regulator and what protection applies to your money.

Banking in Malta and the role of the MFSA

Malta uses the euro (EUR) and combines retail banking with financial firms that operate internationally. A company being registered or doing business in Malta does not, by itself, mean that it is authorised to accept customer deposits. The Malta Financial Services Authority (MFSA) regulates banks and other licensed financial service providers within its mandate.

Malta has a Depositor Compensation Scheme for eligible depositors at covered banks, and a distinct Investor Compensation Scheme for certain claims against failed investment firms. These schemes address different risks and are not interchangeable. Coverage can also depend on whether an institution is incorporated in Malta or operates as a branch of a bank from another jurisdiction.

Organizations 454

Products 0

Currency EUR

Checking a Malta-based financial institution

Use the MFSA register to confirm the institution’s licence and the specific activities permitted. If a financial company offers deposits, investments and payments together, determine which legal entity supplies each service. Check the bank’s depositor information and whether the Maltese or a home-state guarantee scheme applies.
Review onboarding requirements, residence or business-document rules, account fees and charges for international transfers. For investments, distinguish market losses from the narrower circumstances in which an investor compensation scheme might operate. NEXVORO lists published institutions; ask providers directly for their current terms.

Banking in Malta and the role of the MFSA

Financial organizations in Malta