Our Basic Bank Account is designed for customers who don't qualify for our other payment account products (and do not hold a similar account with any other credit institution in Malta).
Benefits of an HSBC Basic Bank Account
With a Basic Bank Account you are entitled to
- Pay in money and take it out whenever you like
- A free International Debit Card
- Make payments to other HSBC and non HSBC accounts
- Send money in Euro to other accounts in the Single Euro Payment Area or in other currencies to any other account
- Free subscription to our internet, mobile and telephone banking services
- Set up direct debits or standing orders
- Receive money in Euro and other currencies
- Free SMS Alerts
New to HSBC - Apply online
It only takes a few minutes to apply online. Alternatively, you can visit your nearest HSBC Branch and speak to our staff. They will be happy to help.
Who can apply for a Basic Bank Account?
People who are legally residing in Malta or another EU Member state including:
- Persons with no fixed address;
- Refugees, stateless persons or asylum seekers;
- Persons who are not granted a residence permit but whose repatriation is not possible for legal or factual reasons.
Customers may be restricted to having one account only and would not be able to avail themselves of other products and services until they meet additional requirements and criteria.
Documents required to open a Basic Bank Account
All documents must be in original
Identification Document (any one of the below)
- A valid unexpired Passport
- A valid unexpired national or other government issued identity card
- A valid unexpired residence card
If the above documents are not held, an official document containing photographic evidence of identity which is recognised as a legal means of identification by the national law or EU.
Proof of Permanent Residential Address (any one of the below)
- A government-issued document containing details of the permanent residential address
- Correspondence from a central or local government authority, department or agency within the last 4 months
Utility Bill in relation to services linked to the permanent residential address issued within the last 4 months. In cases of no fixed address other documents are to be requested as required.
Confirmation of Tax Residency
- Tax identification Number/s and details of any countries or regions of Tax Residency
For the purpose of opening this account, applicants are required to prove that they have a genuine interest to open such account in line with the local Payment Account Regulations.
Other documentation may be required
Things you should know
Approved and issued by HSBC Bank Malta p.l.c, (116, Archbishop Street, Valletta VLT 1444). HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). HSBC is licensed to conduct investment services in terms of the Investment Services Act (Cap.370. of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act (Cap. 487 of the Laws of Malta).
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