MTBank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
MTBank suits people banking in Belarus who want free everyday spending and a fixed return on savings. The card runs on BYN 0 a month, free ATM use comes with it, and the online deposit pays 2% to 13.2% a year at a fixed rate.
Key facts
- Best for
- Free everyday banking in Belarus with a fixed rate online deposit on the side.
- Monthly fee
- BYN 0↗
- Currencies
- 3↗
- Local account details
- IBAN↗
- Free ATM withdrawals
- BYN 1,000↗
- Transfer fee
- 1.5% per instant payment by phone number (SMP) in BYN, minimum 3 BYN↗
- Legal entity
- MTBank CJSC (ZAO MTBank)↗
- Headquarters
- Belarus↗
- Founded
- 1994↗
- Support channels
- Email, Phone, Chat, Help-centre↗
- Audience
- Teens
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals
- Official website
- mtbank.by
Savings
Money transfer
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- The card carries a BYN 0 monthly fee, and MTBank lists it as a no monthly fee account.
- Free ATM use of BYN 1,000 comes with the MTKarta card.
- Savings start small at BYN 10 and pay 2% to 13.2% a year, set up online.
- Licensed by the National Bank of the Republic of Belarus, 13, and by the Ministry of Finance of the Republic of Belarus.
Cons
- The deposit locks money away: terms run 1 to 37 and irrevocable terms cannot be taken out before the end date.
- Only 3 currencies are held, putting MTBank at 227 of 379 on currencies.
- Instant payment by phone number carries BYN 15 plus a minimum charge on each transfer.
Who it suits
- Belarusian households paying in rubles who want a fixed deposit rate rather than a prepaid balance such as Skrill.
- Teenagers and students who want BYN 1,000 of free ATM use on a card rather than a wallet balance like PayPal Colombia.
- People paying other Belarusians by phone number who need Instant, 24/7/365 delivery.
Who should look elsewhere
- Travellers who want many currencies in one place: 3 currencies is slim, so weigh a wallet such as PayPal Colombia or Skrill first.
- Anyone who needs to pull money out whenever they like: terms run 1 to 37 and irrevocable terms cannot be taken out before the end date, whereas a prepaid balance such as Skrill stays spendable.
How MTBank compares
9.2 vs 8.7
9.2 vs 8.6
9.2 vs 8.0
9.2 vs 8.9Its £0 monthly fee matches, so it suits investing, while MTBank pays 2% to 13.2% a year on a fixed deposit.
9.2 vs 9.1
9.2 vs 9.2
9.2 vs 8.7
9.2 vs 8.7
9.2 vs 8.7
9.2 vs 9.0Its €0 monthly fee matches, so it suits holding a balance, while MTBank adds BYN 1,000 of free ATM use.
9.2 vs 8.7
9.2 vs 9.59.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.29.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.99.2 vs 8.9
- 9.2 vs 8.9
9.2 vs 8.79.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.4
9.2 vs 8.3
9.2 vs 8.2
9.2 vs 8.1- 9.2 vs 8.1
9.2 vs 8.09.2 vs 8.0
9.2 vs 8.0
9.2 vs 9.1
Where MTBank is available
- Available
- Belarus
- Licence in Belarus
- National Bank of the Republic of Belarus (13), checked September 26, 2026
- Licence in Belarus
- Ministry of Finance of the Republic of Belarus (02200/5200-1246-1112), checked September 26, 2026
Countries from the brand (Source, checked September 29, 2026)
Frequently asked questions
Is there a monthly fee?+
There is no monthly charge. The listed fee is BYN 0, and MTBank marks the account as a no monthly fee account. Support runs on email, phone and chat if you need help opening it online through the internet bank or the Moby mobile bank.
Can I withdraw cash without a charge?+
Yes, within the card allowance. The MTKarta card includes free ATM use of BYN 1,000, and free cash withdrawals sit among the card's listed features. You can also check the balance in the internet bank or the Moby mobile bank before you go to the machine.
Who regulates MTBank?+
MTBank is a bank in Belarus, holding a licence from the National Bank of the Republic of Belarus, 13, and a licence from the Ministry of Finance of the Republic of Belarus, 02200/5200-1246-1112. The legal entity is MTBank CJSC (ZAO MTBank).
What rate does the online deposit pay?+
The online deposit pays 2% to 13.2% a year at a fixed rate, and it starts with a minimum deposit of BYN 10. It is a fixed account, set up in the internet bank or the Moby mobile bank.
How long must money stay in the deposit?+
Terms run 1 to 37, so the length is fixed when you start the deposit. You can begin it, add to it and end it in the internet bank or the Moby mobile bank, but an irrevocable term cannot be ended ahead of time, so pick one you can leave in place.
Which currencies can I hold?+
The card covers 3 currencies, and local transfers use iban details, so a Belarusian account can receive standard international credits. For a wider currency list, wallets such as PayPal Colombia or Skrill are the ones to weigh.
How fast are payments and what do they cost?+
Payments by phone number are Instant, 24/7/365, and money arrives as a bank transfer. Each instant payment by phone number carries a fee of BYN 15. That makes it a same-moment way to split a bill with someone else on the same service.
Who is the card aimed at?+
The card is aimed at a teen audience, and the account is built to be set up and run online through the internet bank or the Moby mobile bank. Support runs on email, phone and chat, so a question about the account can be raised in a few ways if the app leaves it open.
Sources
- mtbank.by/services/smp checked September 26, 2026
Backs: Delivery time, Payout methods, Fee to send 1,000
- mtbank.by/about/general checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Support channels, Licences
“тел: +375 17 229-99-00 ... e-mail: bank@mtbank.by”
- mtbank.by/cards/mtkarta checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Currencies, Features, Local account details, Pricing model, Monthly fee
- mtbank.by/deposits/mtbelki-online checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type, Term
- mtbank.by/services/smp checked September 26, 2026
Backs: Transfer fee
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.
Related by the facts
MTBank
Free everyday banking in Belarus with a fixed rate online deposit on the side.