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Lombard Bank Malta review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Lombard Bank Malta suits Malta businesses holding euro cash, with an easy-access account and deposits covered by EU DGS up to EUR 100,000. Interest is a variable 0% to 0.1% and conversion runs at 2.91% to 4.74%, so the account suits euro spending rather than growth.

Key facts

Best for
A Malta business that wants euro access, EU deposit protection and cash it can reach on demand.
Deposit protection
EU DGS up to EUR 100,000↗
Currency conversion fee
2.91% to 4.74%↗
Currencies
9↗
Local account details
IBAN↗
Legal entity
Lombard Bank Malta p.l.c.↗
Headquarters
Malta↗
Founded
1955↗
Support channels
Email, Phone↗
Audience
Business
Official website
lombardmalta.com

Savings

Headline rate
0% to 0.1%↗
Rate type
Variable↗
Minimum deposit
€100↗
Access terms
Savings Account: money readily available on demand, interest calculated daily and credited annually on 15 November; minimum balance at any time EUR 500↗
Account kind
Easy access↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • Deposits are protected by EU DGS up to EUR 100,000
  • An easy access account, so money is available on demand
  • Conversion fees of 2.91% to 4.74% sit below the top of that ranking at 6.7%
  • You can reach the team on email and phone

Cons

  • Interest sits at 0% to 0.1%, well below the 3% median for compared savings accounts
  • A minimum balance of €100 must stay in the account
  • Conversion fees of 2.91% to 4.74% are higher than the 3.99% fee at Skrill
Lombard Bank Malta

Ready to try Lombard Bank Malta?

Scored 9.0 / 10 by VaultCue.

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Who it suits

  • Businesses in Malta that want euro access and a local IBAN
  • Savers who want interest calculated daily and credited once a year
  • Holders who keep funds in a single market

Who should look elsewhere

  • PayPal Colombia, if you want the higher FDIC up to USD 250,000 cover
  • Paysera, if you need more currencies at 30 against 9 here
  • Skrill, if a lower conversion fee of 3.99% matters more than deposit protection

The company behind it

Lombard Bank Malta p.l.c. is a Maltese bank, founded in 1955 and based in Malta, supervised by the Malta Financial Services Authority. It is a deposit-taking bank rather than an e-money or payment institution. Support runs on email and phone, so the team is reachable by email or phone.

How Lombard Bank Malta compares

Where Lombard Bank Malta is available

Available
Malta
Licence in Malta
Malta Financial Services Authority, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What interest does the savings account pay?+

The savings account pays a variable rate of 0% to 0.1%, so the figure moves with the bank's own pricing. Interest is calculated daily and credited once a year, and money stays available on demand. Nothing is locked away for a fixed term, which suits holders who may need the cash without notice.

How much must I keep in the account?+

A minimum balance of €100 must stay in the account at any time, so the account suits holders who can keep that much on deposit. Because the account is easy access, money remains available on demand, but a balance that dips below the minimum leaves the holder short of the terms.

Is my money protected?+

Deposits are covered by EU DGS up to EUR 100,000, the EU deposit guarantee scheme, so a balance up to that ceiling is repaid if the bank fails. Cover is per depositor rather than per account, and it applies to eligible euro deposits held with the bank in Malta.

Who regulates the bank?+

The Malta Financial Services Authority supervises the bank, and Lombard Bank Malta p.l.c. is the entity that holds customer deposits. Its head office is in MT and it has traded since 1955, so the operation is an established local bank rather than a new entrant.

What does it cost to convert currency?+

Currency conversion runs at 2.91% to 4.74% on the bank's non-euro card service, which sits above the 0.5% median across compared brands and above the 3.99% charge at Skrill. Frequent conversion therefore adds up, so euro spending costs less than holding several currencies.

How many currencies can the account hold?+

The account covers 9 currencies, above the 5 median for compared accounts but far short of the 30 listed by Paysera. The range suits euro business use with the occasional conversion, not a business that bills across many markets.

How do I receive and send payments?+

Account holders are given local account details, with an iban for euro payments, so incoming business transfers in Malta arrive on the account directly. Outgoing payments use the same rails, and help runs on email and phone for anyone setting up or changing details.

Who is the account built for?+

The account is aimed at a business audience, so it suits companies and sole traders keeping euro funds in Malta. Because the account kind is easy access, money can move without waiting, and a minimum balance of €100 suits a holder with a steady cash buffer rather than occasional lump sums.

Sources

  • lombardmalta.com/en/about-us checked September 26, 2026

    Backs: Deposit protection, Founded, Licences

    “Lombard Bank was founded in 1955, when Lombard North Central of the UK was active in Malta by accepting deposits through agents.”

  • lombardmalta.com/en/currency-conversions-for-noneuro-card checked September 26, 2026

    Backs: Currencies, Currency conversion fee

    “Czech Koruna (CZK) 3.76% ... Hungarian Forint (HUF) 4.74% ... Swedish Krona (SEK) 3.67%, Last Updated: 25/09/2026”

  • lombardmalta.com/en/deposit-accounts-1 checked September 26, 2026

    Backs: Account kind, Legal entity, Local account details, Minimum deposit, Rate type

    “Our Savings Accounts provide an easy and secure way for you to set aside money ... your money will be readily available should you want to withdraw it.”

  • lombardmalta.com/en/general-enquiries checked September 26, 2026

    Backs: Audience, Headquarters, Support channels

    “International Business Banking Graham Street, Sliema, SLM 1713 Malta”

  • lombardmalta.com/en/on-euro-deposits checked September 26, 2026

    Backs: Access terms, Headline rate

    “The minimum balance on any savings account, at any time, is EUR 500. Interest is credited to the account on the 15th November annually”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Monthly fee, Licence type.

Lombard Bank Malta

Lombard Bank Malta

A Malta business that wants euro access, EU deposit protection and cash it can reach on demand.

9.0/10See alternatives