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Malta

Bank account

Service specification

TypeDescription
Direct to Bank methodDirect credit to bank account in EURO (EUR).

Supported beneficiary account type – Individual only.
Supported sender type – Individual only.
Transaction Turnaround Time- Real-time: 24x7 (within 15 minutes).
- If the transactions hit under partner screening, it might take maximum 48 hours to completed (Business hours)
- If the transaction reaches a compliance check on a non-business day, it will be processed on the next working day.
- All transactions are processed via Instant SEPA (real-time), otherwise it will be rerouted to SEPA (T+0) for beneficiary banks that do not support Instant SEPA.
Area availabilityRelated countries offered under SEPA EURO
Validation / Verification· No system validation on account available.
· The account number is using IBAN account number
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction EUR 999,999.00
Minimum per Transaction EUR 1.00
Compliance accumulated limit EUR 45,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks· Beneficiary address including Beneficiary City (bRegencyCode), and Beneficiary Postcode (bPostcode) are Mandatory Fields.
· Beneficiary address (bAddress) must be the full address registered with the beneficiary bank.
. Sender address including Sender City (sCity), and Sender Postcode (sPostcode) are Mandatory Fields.
· Sender and Beneficiary DOB are Mandatory Fields

· Registers of Participants in SEPA payment and payment related schemes | European Payments Council: https://www.europeanpaymentscouncil.eu/what-we-do/be-involved/register-participants/registers-participants-sepa-payment-schemes > (please refer SCT Inst and SCT)

There are list of industries that might lead the transaction screening:
· Pharmacies selling copy products without proper authority approval, incl. e-pharmacies
· Pornography industry (dating pages is as such acceptable)
· Tobacco industry
· Cannabis or other drugs in any form
· Weapons in any forms, including dual-use goods.
· Atomic power
· Extractive industries
· Precious metals and stones
· Companies selling counterfeit or infringed products
· Companies selling, storing or trading in Crypto currencies
· Binary Option Traders
· Pyramid schemes in any form
· Unregulated charities
· File sharing companies
· Shell banks
Do_Transfer bAccType Value1

Supported bank

NoNameIssuer Code
1SEPA MALTA PAYOUT356001

Telegraphic transfer

Service Specification

TypeDescription
Direct to bank method Direct credit to bank accounts in US Dollar (USD) and Euro (EUR).

Supported beneficiary account type – Individual & business
Supported sender account type – Individual & business
Transaction turnaround time *T+1 business days for USD transaction processed and credited before 6pm (Mon-Fri) GMT +8.

*T+1 business days for EUR transaction processed and credited before 6pm (Mon-Fri) GMT +8.

Transaction sent on Saturdays, Sundays or public holidays will be processed on next Maltese business day.

*Processing time may vary based on the beneficiary bank’s cut-off time.
Area availability Malta nationwide
Validation / Verification No system validation on account available.
Amount received Beneficiary received net amount as specified by sender.
Transaction limit
Types of limitAmount
Maximum per transactionN/A
Compliance accumulated limit per day per beneficiary (USD)USD 50,000.00
Compliance accumulated limit per day per beneficiary (EUR)EUR 45,000.00
Maximum beneficiary No restriction
Service charge The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® and forwarded to the payout channel.
Cancellation process Cancellation is on best-effort basis.
Remarks Beneficiary account currency must be the same with the currency of the transaction (USD or EUR).

Branch code is optional. If included, please enter exactly 3 characters to avoid the transaction being rejected.
Do_Transfer bAccType Value 11

List of Swift Codes

NoNameSwiftCode
14 SQ INTERNATIONAL SCC LTDIESCMTM1
2A2A INTERNATIONAL HOLDINGS LIMITEDITHOMTM2
3A3E CAPITAL SICAV P.L.C.CPSCMTM1
4AKBANK T.A.S. (MALTA BRANCH)AKBKMTMT
5ALPHA FX EUROPE LIMITEDAPAHMTMT
6ALPHA FX EUROPE LIMITEDAPAHMTMV
7ALUNAFI LTDALUNMTM2
8AMAGIS CAPITAL FUNDS SICAV PLCACFCMTM1
9AMICORP FUND SERVICES MALTA LIMITEDAFSMMTM1
10ANDARIA FINANCIAL SERVICES LIMITEDANFVMTMM
11APRIL MEDITERRANEAN LIMITEDAPMEMTM1
12APS BANK PLC.APSBMTMT
13AQA UCITS FUNDS SICAV PLCAUFCMTM1
14AURORA SICAV PLCAUSVMTM1
15AXERIA RE LIMITEDAXERMTM1
16BALLINGER EUROPE LIMITEDBLLGMTMB
17BALLINGER MARKETS LTD.BLLGMTMT
18BANK OF VALLETTA P.L.C.VALLMTMT
19BNF BANK PLC (FORMERLY BANIF BANK MBNIFMTMT
20BOV ASSET MANAGEMENT LIMITEDVAFMMTM1
21BOV FUND SERVICES LIMITEDVAFRMTM1
22CEEVO FINANCIAL SERVICES (MALTA) LIMSFVMTM1
23CENTRAL BANK OF MALTAMALTMTMT
24CENTRAL SECURITIES DEPOSITORY, THECESDMTM1
25CITCO CUSTODY LIMITEDCITCMTMT
26COMMBANK EUROPE LTDCTBEMTM1
27CONVERA MALTA FINANCIAL LIMITEDTGBPMTMT
28CREDIT EUROPE BANK N.V. MALTA BRANCFBHLMTMT
29CRYSTAL FINANCE INVESTMENTS LTD.CRFVMTM1
30CULTURA LIMITEDCULRMTMM
31CURMI AND PARTNERS LIMITEDCURPMTM1
32D.B.R. INVESTMENTS LIMITEDDBINMTM1
33DERIV INVESTMENTS (EUROPE) LIMITEDDIEUMTMT
34DOLFIN ASSET SERVICES LIMITEDDOAEMTM1
35ECCM BANK PLCECMBMTMT
36EFT GLOBAL LIMITEDEFTGMTM1
37EIGER SICAV PLCEISIMTM1
38EMONEY PLCEMOEMTM2
39EMONEY PLCEMONMTM2
40EMP SYSTEMS LIMITEDEMSYMTMT
41EUROCHANGE FINANCIAL SERVICES LTDEUFVMTM1
42EUROPEAN DEPOSITARY BANK SA MALTA BEDMBMTM2
43EVEREST NETWORK LTD.EVNEMTM2
44FCM BANK LIMITEDFCMFMTMT
45FEXSERV FINANCIAL SERVICES LIMITEDFFSMMTM1
46FIMBANK PLCFIMBMTM3
47FINACOM INVESTMENT HOUSE LIMITEDFIIHMTM1
48FINANCE INCORPORATED LIMITEDPYMXMTMA
49FINANCE INCORPORATED LIMITEDPYMXMTMT
50FINANCIAL PLANNING SERVICES LIMITEDFPLSMTM1
51FINCO TREASURY MANAGEMENT LIMITEDFTRMMTM1
52FINDUCTIVE LTD.FINDMTMT
53FINXP LIMITEDPAUUMTM1
54GARANTI BANK, MALTA BRANCHTGBAMTMT
55GLOBAL SHARES EXECUTION SERVICES LIGSESMTMT
56GLOBALCAPITAL FINANCIAL MANAGEMENTGLFMMTM1
57GLOBALCAPITAL FINANCIAL MANAGEMENTGLFAMTM1
58GROWTH INVESTMENTS LIMITEDGROIMTM1
59HEKA FUNDS SICAV PLCHFSIMTM1
60HOGG CAPITAL INVESTMENTS LIMITEDHOCIMTM1
61HOGG CAPITAL INVESTMENTS LIMITEDHOCVMTM1
62HSBC BANK MALTA P.L.C.MMEBMTMT
63HSBC GLOBAL ASSET MANAGEMENT (MALTAHSFMMTM1
64IIG BANK (MALTA) LTDIIGBMTMT
65IXARIS FINANCIAL SERVICES MALTA LIMIFSMMTM2
66IZOLA BANK PLCIZOLMTMT
67JESMOND MIZZI FINANCIAL ADVISORS LIATISMTM1
68JESMOND MIZZI FINANCIAL SERVICES LIJMFSMTM1
69KAIZEN GAMING INTERNATIONAL LIMITEDKGITMTMT
70KOALA MONEY LIMITEDKOMNMTM2
71LIDION BANK PLCAGRKMTMT
72LOMBARD BANK MALTA PLCLBMAMTMT
73M.Z. INVESTMENT SERVICES LIMITEDMZNSMTM1
74MALTA STOCK EXCHANGEXMALMTMT
75MEDIRECT BANK (MALTA) PLCMBWMMTMT
76MELLIFERA KARTIERA LIMITEDMLLKMTM2
77MELLIFERA KARTIERA LIMITEDMLLKMTMT
78MERKANTI BANK LIMITEDMFCBMTMS
79MICHAEL GRECH FINANCIAL INVESTMENTMGFIMTM1
80MIFINITY MALTA LIMITEDMFMAMTM2
81MISTRAL PAY LTDMIPYMTM1
82MONEYBASECCUHMTMT
83MTACC LIMITEDMTCCMTMT
84MULTITUDE BANK P.L.C.FEMAMTMT
85MULTITUDE BANK P.L.C.FEMAMTMA
86NBG BANK MALTA LIMITEDFNNBMTMT
87NEXTMARKETS TRADING LTDNEXDMTM2
88NOVUM BANK LTDVOCBMTMT
89OPENPAYDOFSMMTMT