Best business accounts for small businesses in Malta
Communication Team
Communication Team

August 19, 2022

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Best business accounts for small businesses in Malta

When starting your business, it's important to have a business bank account that gives you access to the right financial tools and resources. Choosing the right business account can make all the difference when it comes to managing your money and ensuring that you are making the most of your finances.

Best business accounts for small businesses

Monzo

Monzo is one of the most well-known digital banks in the UK. It provides a basic bank account with a debit card, and it was one of the first to offer a contactless card.Monzo recently launched its current account in Malta and will soon be offering business accounts as well.

Revolut

If you're just starting out, Revolut is a good option to get your business up and running. This mobile app-based bank account is a digital alternative to traditional banks, offering an easy way to manage your finances and make payments from anywhere in the world. Revolut's multi-currency account will allow you to keep all of your money in one place, regardless of whether it's denominated in British pounds, euros or US dollars. It also comes with a business debit card that lets you pay for goods and services using any currency at any time.

Wise

Wise is a fintech company, so it's best to think of it like a business bank account. The company is based in the UK, but that shouldn't be an issue if you're setting up shop in Malta. Wise has two different types of accounts for small businesses: one for sole traders and another for limited companies. Both offer access to your money via mobile app or internet banking, plus direct deposits, online bill payments and more.

wamo

wamo is a fintech company and all-round digital solution designed especially for small businesses. wamo was in fact first launched in Malta and the UK.
It has an easy-to-use mobile app, and a full suite of features that make managing finances easy. Create multiple sub-accounts and issue physical and virtual debit cards for your team or business and choose EUR or GBP IBANs per sub-account which means saving money on international transfers. The best thing about wamo is the excellent customer service. A wamo team member is always available to help. Why not try wamo? Open a business account in 10 minutes with your personal ID and company registration if applicable.

Related: Wise vs wamo: which is better?

wamo.io LTD incorporated and registered in the United Kingdom under the company registration number 12352849 and the operational office of which is at WeWork, 199 Bishopgate, London EC2M 3TY. wamo operates the wamo.io website and the app. wamo is not a bank, the current account is an e-money account. Issuance of Electronic Money and payment services is provided by PayrNet Limited. PayrNet holds an amount equivalent to the money in the wamo current accounts in a safeguarding account which gives the customers protection against insolvency. We are authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (register reference 922901) for the issuing of electronic money. wamo is an EMD agent of PayrNet.

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