MeDirect Bank (Malta) plc products, services and reviews

About MeDirect Bank (Malta) plc

MeDirect Bank (Malta) plc is a Maltese credit institution focused on savings, investment services and lending, operating primarily through digital channels. Formerly Mediterranean Bank plc, it expanded its retail presence with the acquisition of Volksbank Malta Limited in 2014 and later rebranded to MeDirect. The bank is authorised and regulated by the Malta Financial Services Authority and falls under the EU’s Single Supervisory Mechanism; eligible deposits are protected by Malta’s Depositor Compensation Scheme up to €100,000 per depositor, and investment services are covered by the Investor Compensation Scheme subject to statutory limits. MeDirect Bank (Malta) plc forms part of MeDirect Group plc, alongside a separately regulated Belgian banking subsidiary serving that market. In Malta, the offering typically includes notice and fixed-term deposits, an online platform for trading equities, ETFs, funds and bonds, model portfolios and discretionary portfolio management, and home loans for resident customers; corporate activities include treasury and lending. Accounts are opened and serviced online with electronic KYC, euro SEPA payments and standard remote support; pricing, interest rates and eligibility differ by product and are set out in the bank’s schedules and key information documents. Trading and investing involve market risk and potential loss of capital, fixed-term deposits may not be breakable or may incur penalties if closed early, and mortgages are subject to affordability, collateral and regulatory loan-to-value limits. The bank publishes audited financial statements and Pillar 3 disclosures, and unresolved complaints may be referred to the Office of the Arbiter for Financial Services in Malta.