How would you rate Bank of Valletta in Malta for international banking pls?

[CCLogicFan]

Bank of Valletta ( More... ) is a Maltese bank and financial services company. They say they welcome international clients.


My experience of them is that they come across as fairly professional but they seem a bit 'Mediterranean' in their practices e.g. my contact there finishes work at 2:30pm every day and he has had a variety of issues in just the last few days alone e.g. couldn't make international call to me because of issues with their phone systems, and they also had email issues as well.


Any feedback on them for international current accounts please?


How easy/difficult do they make it to wire transfer funds out of one's account?


Thanks a million in advance for any feedback!

 

[JohnLocke]

Thank you for your review, it seems from what you wrote that they have troubles‌ to do simple customer support. Maybe you were just unlucky that day and other may‍ have had better luck to open an account with them.

 

[DeMajor]

Do you have any personal experience with them Admin?

 

[buzzoffshore]

I didn't had any troubles opening an account with them for about 4 years ago‌ where I was referred by a friend to them. Have been using them since ever‍ then with smaller amounts below the 5k!

 

[fernadex]

Does they provide depositor insurance? For how long have they been in business? What capital‌ are they backed with? do they belong to a group of something larger?

Lots and‍ lots of question I have before I place a single euro into such an operation⁠ which seems to me operated and managed by some former financial people out for making⁤ a quick fortune!

 

[happyjohn]

No they don't provide depositor Insurance for that reasons⁣ it is a no go!

 

[fernadex]

Thanks for the information very important to know.

 

[CCLogicFan]

As Malta is part of the EU, wouldn't deposits be covered by the EU-wide deposit‌ protection scheme, covering sums up to €100.000 ( http://europa.eu/rapid/press-release_MEMO-14-296_en.htm?locale=en )?

Also does anybody have answers‍ to my questions above please about BOV?

Thanks.

 

[CCLogicFan]

What has your experience been⁠ with them please?

How easy/difficult do they make it to wire transfer funds out of⁤ one's account?

What's their customer service like? Is their internet banking of a high standard?⁣

Is there a reason you have stuck to only amounts below €5k?

Thanks a million⁢ in advance for any feedback! If I can help in any way in return, please︀ do not hesitate to ask 🙂

 

[JohnLocke]

hmmm, not sure why you believe that a quick⁣ search on google shows they are a fully operated bank More... and for that reasons⁢ as also mentioned here already they should by applicable EU laws have a despositor insurance︀ / protection of min. 100k

Anyway, Malta has no banking secrecy at all if you︁ are going to bank there you won't have any protection of privacy!

 

[buzzoffshore]

I'm using⁣ them only for wire transfers to my other offshore account. From time to time I⁢ receive money there from one vendor that's why I keep it below 5k I don't︀ think there is anything wrong with them.

 

[bonox]

There have been some great reviews for this bank in this thread, considering to simply‌ grap an account with them in the near future.

 

[drillbill]

Hey mate, do you opened an account with them? please I need to know 😉

 

[suzy]

This I would like to know too. The thread is old‍ but maybe some can tell their story and let us know 🙂

 

[negon]

If someone holds an account there I doubt they will want to report it here‌ actually. Also because the thread is old it does not mean it isn't of interest‍ for anyone any longer 😀

 

[pesto]

Some people don't mind.. look at your own posts @auric seems you help this forum‌ members with all your testing so you don't mind 😀