maib review

The monthly fee is MDL 0, so the everyday account itself is free to run. Costs sit on services instead: currency conversion is charged at 0.5%, and a transfer to a card issued by another bank in Moldova is charged as a percentage of the amount with a floor under it.

maib is a bank rather than an e-money wallet, listed in its fee register as BC "MAIB" S.A., founded in 1991 and based in Moldova. Deposits and balances sit with the banking entity itself, and a fixed deposit can be opened alongside a current account through the same branch or app.

Fixed deposits pay a headline rate of 5.75% and the rate type is fixed, so the figure holds for the whole term rather than moving. Deposits run across several term lengths and interest is credited monthly, so the balance compounds without waiting for a yearly payout.

The minimum deposit is MDL 1,000 and the term runs 3 to 18. Deposits can be opened in a branch or through the maibank app, and interest is paid monthly into the account. Anyone planning a fixed placement should weigh that minimum against the balance they can leave untouched for the full term.

The quick transfer service delivers in 2-10 minutes, and payouts can be collected as cash or paid to a card. Those payouts are a separate service from the everyday account, and sending money to a card issued by another Moldovan bank is charged as a percentage with a floor, priced off the bank's own daily rate.

maib holds 8 currencies, and local account details include iban for receiving money locally. The count sits below the top of the multi currency range on the market, where the widest providers run to 350. It suits a Moldovan household rather than a saver who needs many balances at once.

Support runs on email, chat and phone. Chat suits quick questions about the maibank app, while a phone line handles anything about deposits or transfers that needs a longer explanation. Deposits can also be opened in a branch for anyone who prefers to deal with the bank in person.

The audience is teen, so teen accounts are one of the groups it serves, and a monthly fee of MDL 0 keeps a first account simple. Deposit products need a minimum of MDL 1,000, which is the part to weigh for a younger saver working with a smaller balance.