Bank accounts/Credit cards.

Sam4321 · 2015-05-07T10:25:20+02:00

At the moment we're still using our French bank account and credit card, but we'd like to have the same banking facilities based in Malta as we do in France. We've not opened a bank account in Malta yet because it just seemed easier to keep using our French account for now. Using the bank account is fine, but I doubt we should still be using the credit card. After asking BOV about credit cards, we've been told they block €5000 of your own money if you want a credit card with a limit of €3000? Is this always the case and if so, what's the point in having a credit card?

Last activity 03 October 2016 by Amofree

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ToonCyprus Expert29 June 2016 13:40:59

#41

9853

they will usually demand you have the same value on deposit as the credit level on the credit card

maltaangelActive member29 June 2016 14:39:56

#42

Yes I think that's the way it works.

F0xgl0veMalta Expert08 August 2016 13:22:11

#43

1974

Along with many others we had an advert in the post for a credit card with Lombard bank so I emailed to ask whether I would be eligible, here is the reply!

"Please note that to be eligible for a credit card you need to have been an account holder for at least six months. We would also require the credit limit to be secured by a cash deposit of double the limit amount."

Some credit card!

Ray

maltaangelActive member08 August 2016 19:48:44

#44

It's stupid isn't it, Banif wanted a 2,000 deposit and proof of income even though my husband's pension is paid directly each month, and I have income too.

AmofreeMember03 October 2016 14:52:00

#45

Hey all,
I tend to go with HSBC and open a straight forward current account with a debit card (like visa electron). Who tried this bank in Malta? any reviews? I heard few complaints about the costs
Personally, I dont want to have savings and i prefer a global bank that I can use everywhere... Please help!
Thanks .

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