MauBank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
MauBank suits businesses and freelancers in Mauritius who want a current account with a monthly fee of MUR 0 and easy-access savings beside it. The current account is free of monthly charges, but conversion at 3% and SWIFT transfer costs make it weak for heavy overseas spending.
Key facts
- Best for
- Business current accounts and easy-access savings kept in Mauritius.
- Monthly fee
- MUR 0↗
- Currency conversion fee
- 3%↗
- Currencies
- 8↗
- Transfer fee
- SWIFT MUR 200 + commission MUR 225 + overseas bank charges↗
- Legal entity
- MauBank Ltd↗
- Headquarters
- Mauritius↗
- Founded
- 2016↗
- Support channels
- Email, Phone↗
- Audience
- Business
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals
- Official website
- maubank.mu
Savings
Money transfer
Facts checked September 26, 2026, 9 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- LinkedInappgallery.huawei.com
Pros and cons
Pros
- The current account monthly fee is MUR 0
- Easy-access savings pay 3.2% to 3.4% on a variable rate
- MauBank holds 8 currencies on the account
- Support runs on email and phone, so phone and email both work
Cons
- Currency conversion costs 3% plus an exchange margin of 0.5%, so foreign spending builds up
- SWIFT transfers are billed at SWIFT MUR 200 + commission MUR 225 + overseas bank charges
- Savings pay 3.2% to 3.4% on a variable rate, so a rate change moves what you earn each year
Who it suits
- Businesses running day-to-day banking in Mauritius on a local account
- Freelancers and sole traders pairing a current account with easy-access savings
- Anyone holding a few foreign currencies rather than only the rupee
Who should look elsewhere
- PayPal Colombia, if paying conversion fees on everyday spending matters more than a local current account
- Plazo ES, for readers who want savings tied to a term rather than easy access access
- Skrill, for readers whose main need is a wallet rather than a bank account
Fees and FX
The current account carries a monthly fee of MUR 0, in line with the site median of €0. Currency conversion is charged at 3%, with an exchange margin of 0.5% on top, against a site median conversion fee of 0.5%. International transfers cost SWIFT MUR 200 + commission MUR 225 + overseas bank charges for a SWIFT payment.
The company behind it
MauBank Ltd is the legal entity behind the bank, headquartered in Mauritius. The group was founded in 2016, and the listed audience is business, which fits a current account with no monthly charge. Support runs on email and phone, so phone and email are the listed ways to reach the bank.
How MauBank compares
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8.4 vs 9.0Skrill's monthly fee of €0 matches MauBank's MUR 0, though Skrill is a wallet rather than a bank current account.
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Where MauBank is available
- Available
- Mauritius
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a MauBank current account cost each month?+
The monthly fee is MUR 0, and the listed model is no monthly fee. That sits at the site median of €0, so holding the account costs nothing. Other charges come from currency conversion and international transfers, so usage decides the real bill.
How much does MauBank charge to convert currency?+
Conversion costs 3%, plus an exchange margin of 0.5% on the rate itself. The site median conversion fee is 0.5%, and MauBank sits at 262 of 312 brands on that measure. Frequent foreign spending is where both costs stack up.
What interest does the MauBank savings account pay?+
The headline rate is 3.2% to 3.4% and it is variable, so the return moves with policy rather than staying locked for a term. The site median headline rate is 3%. Money stays reachable, so the rate is the part that can move against you.
How much must I deposit to open the savings account?+
The minimum deposit is MUR 500, against a site median of €0.11. The stated access terms give full flexibility, with round the clock access, so money can be drawn whenever you want it. The account is easy access, which suits people who keep savings reachable.
How many currencies can I hold with MauBank?+
MauBank supports 8 currencies, which puts it at 124 of 379 brands on that measure. The site median is 5. The bank is based in Mauritius, so the account is built around local banking first.
What does an international SWIFT transfer cost from MauBank?+
A SWIFT transfer is charged at SWIFT MUR 200 + commission MUR 225 + overseas bank charges. That covers a local element, a commission and the overseas bank's own charges, and the last part sits outside the bank's control. Payouts land in a bank account, the listed payout method (bank).
How do I reach MauBank customer support?+
Support runs on email and phone, so email and phone are the listed channels for questions. The group is based in Mauritius and the listed audience is business, so the service is aimed at companies rather than at household savers.
Sources
- maubank.mu checked September 26, 2026
Backs: Currencies, Headquarters
“Currency Converter: Australian Dollar (AUD) Euro (EUR) Japanese Yen (JPY) South African Rand (ZAR) UAE Dirham (AED) United States Dollar (USD) Great Britain Pound (GBP) Mauritian Rupee (MUR)”
- maubank.mu/contact-us checked September 26, 2026
Backs: Support channels
“(+230) 405 9400 Fax: (+230) 404 0333 ... For lost or stolen cards, please call on 4040330. Our Contact Centre is available 24/7. General Enquiries info@maubank.mu”
- maubank.mu/fees-charges checked September 26, 2026
Backs: Currency conversion fee, Exchange rate markup, Headline rate, Transfer fee
“Signature Debit Card MUR - Conversion Charge on Payments in other Foreign Currency: 3%”
- maubank.mu/maubank-group checked September 26, 2026
Backs: Founded
“MauBank launched its business operations on 4 January 2016”
- maubank.mu/maubank-group/maubank-ltd checked September 26, 2026
Backs: Audience, Legal entity
“offering a broad range of financial products and services designed to meet the needs of individuals, businesses, and international clients”
- maubank.mu/news/2026/communique-changes-in-interest-rates checked September 26, 2026
Backs: Rate type
“Following the recent increase in Key Rate, MauBank hereby informs its valued customers and the public in general that the new interest rates applicable, effective 05 June 2026, will be as follows:...”
- maubank.mu/retail/day-to-day/current-account checked September 26, 2026
Backs: Pricing model, Monthly fee
“Current Account - Ledger Fees: Charged half-yearly as per tariff structure”
- maubank.mu/retail/day-to-day/savings-account/savings-account checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit
“Full flexibility - Access or grow your savings anytime; 24/7 access - Manage your savings anytime, anywhere”
- maubank.mu/retail/self-banking/atm-services checked September 26, 2026
Backs: Features
“Services available 24/7 free of charge on MauBank ATMs for MauBank Debit Cardholders”
- maubank.mu/retail/services/swift-international-transfers checked September 26, 2026
Backs: Payout methods
“Beneficiary's Account Number or IBAN; Beneficiary's Bank Name and Address”
Compiled from 10 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection.