Solution · Malta 2026
Business Banking — Powered by Wise Business
FreeMalta's business banking solution for Malta companies operating internationally. Multi-currency account, real exchange rates, no hidden fees. We use Wise Business. Here's why.
Currencies
40+
hold & convert
Countries
160+
send money to
Exchange rate
Real
mid-market rate
Team cards
Unlimited
Wise Business debit
Wise Business Account
Core product
A real business account that holds 40+ currencies simultaneously. Get local account details in EUR, USD, GBP, AUD, NZD, SGD, RON and more — share them with clients or use them to receive payments. One account, every currency your Malta business deals in.
Hold 40+ currencies in one account
Local account details in EUR, USD, GBP and more
Real mid-market exchange rate — no hidden markup
Send money to 160+ countries at low transparent fees
Batch payments — pay up to 1,000 people at once
Integrates with Xero, QuickBooks, FreeAgent
Wise Business Debit Cards
Team spending
Issue debit cards for your whole team — each linked directly to your Wise Business balance. Spend in any currency at the real exchange rate. Set spending limits per card. Full transaction visibility for every team member in real time.
Unlimited team cards — physical and virtual
Spend in any currency at the real rate — no surprise conversion fees
Per-card spending limits and controls
Instant notifications on every transaction
Export transactions directly to your accounting software
International Transfers
Send money
Send money internationally at the real mid-market rate with a small, transparent fee shown upfront. No "free transfers" with a 3% exchange rate markup hidden inside. What you see is what you pay — and it's typically 3–8x cheaper than a Malta bank wire.
Real mid-market rate — the rate you see on Google
Transparent fee shown before you confirm — no surprises
Typically 3–8x cheaper than a traditional bank wire
Most transfers arrive within hours, many instantly
SWIFT, SEPA, local payment rails depending on destination
Who is Wise Business for in Malta?
Malta Ltd with international revenue
Your company invoices clients in GBP or USD. Wise lets you hold that revenue in the original currency, convert when the rate is right, and send EUR locally — all from one account.
iGaming & tech companies
Multi-currency treasury is a daily reality. Wise Business gives your finance team one platform to hold, convert and send — with full audit trail and accounting integration.
Malta company, global suppliers
Paying a development agency in Eastern Europe, a design studio in Asia, or a SaaS tool billed in USD? Wise Business transfers are cheaper and faster than Malta bank wires.
New Malta company (pre-bank)
Traditional Malta bank accounts take 4–8 weeks. Wise Business opens in days and gives you a functional multi-currency account while your local bank application processes.
Wise Business vs The Alternatives
| Factor | Wise Business | Malta bank (BOV/APS) | Revolut Business |
|---|---|---|---|
| Setup time | Days | 4–8 weeks | Days |
| Multi-currency hold | 40+ currencies | EUR only | 25+ currencies |
| Exchange rate | Real mid-market | 2–4% markup | Real (with limits) |
| International transfers | 160+ countries, low fee | €15–35 + FX markup | Good, limits apply |
| Substance value (Malta) | Moderate EMI | High — local bank | Moderate EMI |
| Accounting integration | Xero, QuickBooks, FreeAgent | Manual export | Xero, others |
| Team cards | Unlimited | Limited | Unlimited (paid plans) |
Substance note: for Malta tax residency purposes, a local Malta bank account (BOV, APS, BNF) has stronger substance value than an EMI like Wise. Many companies use Wise for operational banking and maintain a local account for substance.
One account. 40+ currencies. Real rates.
The business account FreeMalta recommends for Malta companies operating internationally. Open in days, not weeks.
FreeMalta affiliate link — we may earn a commission at no cost to you.
Wise Business
FreeMalta Solution Partner
Multi-currency business account. Real exchange rates. Open in days. FreeMalta's business banking recommendation for Malta companies.
Open Wise Business — Free →
Affiliate link · No extra cost to you
Wise Business Pricing
Check wise.com for current rates
Account openingFree
Monthly feeNone
Transfers0.33–2%
Currency conversionReal rate + small fee
Team debit cards£3 / card (physical)
Virtual cardsFree
Need to receive client payments?
2,000+ platform integrations — Payoneer.
Payoneer
Context
Why Malta Companies Need More Than a Malta Bank
The Hidden Cost of Bank FX
When a Malta bank converts USD to EUR for you, they use their own rate — typically 2–4% above the mid-market rate. On a €100,000 revenue year in USD, that's €2,000–4,000 lost to currency conversion alone. Wise uses the real rate you see on Google. That difference compounds significantly over a year.
Wise Business vs Wise Personal
Wise Personal is fine for individual transfers and holding personal balances. Wise Business adds batch payments, team cards with spending controls, accounting integrations (Xero, QuickBooks), business-grade transaction history and VAT-ready invoicing. If you're operating a Malta company, the Business account is the right one.
Wise + Local Bank: The Standard Setup
Most established Malta companies use both. A local Malta bank (BOV, APS, BNF) for: substance, local supplier payments, direct debit mandates, and salary payroll in EUR. Wise Business for: international revenue, foreign currency holding, paying global suppliers, and team spending. The combination covers everything.
FreeMalta's Position
FreeMalta doesn't provide banking services. We identify the best tools for Malta-based businesses operating internationally. Wise Business is our business banking recommendation for multi-currency operations. We earn an affiliate commission when you open an account through our link, at no cost to you. We disclose this transparently.
Frequently Asked Questions
Can a Malta company open a Wise Business account?
Yes. Wise Business is available to Malta-registered companies. You'll need your Certificate of Registration, proof of business address, and identity verification for directors and beneficial owners. Opening is done entirely online and typically takes 1–3 business days — significantly faster than a traditional Malta bank account (4–8 weeks).
Is Wise Business a real bank account?
Wise is an Electronic Money Institution (EMI), not a traditional bank. It holds your funds as e-money and provides IBANs for receiving payments. Funds are safeguarded (held in ring-fenced accounts at top-tier banks) but are not covered by the Malta Depositor Compensation Scheme. For Malta substance purposes, a local bank account (BOV, APS, BNF) has stronger weight — many companies use Wise alongside a local account.
What is the exchange rate Wise uses?
Wise uses the mid-market exchange rate — the real rate you see on Google or XE.com, with no hidden markup. You pay a small, transparent percentage fee on top, shown before you confirm the transfer. Traditional Malta banks typically apply a 2–4% spread on top of the mid-market rate, which is not shown separately — it's embedded in the exchange rate they quote you.
Does Wise Business integrate with accounting software?
Yes. Wise Business integrates directly with Xero, QuickBooks and FreeAgent. Transactions sync automatically, making reconciliation straightforward. You can also export transactions as CSV or PDF for any accounting system. This is one of the key advantages over a traditional Malta bank, where accounting integration is typically manual.
What is the difference between Wise Business and Payoneer?
They serve different primary use cases. Wise Business is a multi-currency business account — optimised for holding balances, sending money internationally, and team spending. Payoneer is optimised for receiving payments — especially from marketplaces (Amazon, Upwork, Fiverr) and clients via local currency accounts. Many Malta businesses use both: Wise for the business account, Payoneer for client and marketplace receipts.
Does FreeMalta earn commission from Wise?
Yes. FreeMalta has an affiliate partnership with Wise. When you open an account through our link, we earn a commission at no additional cost to you. We recommend Wise Business because it genuinely solves the multi-currency banking problem for Malta companies — not because of the commission. We disclose this transparently on every page.