Current Affairs
BOV suspends tariffs on inactive and minimum balance accounts

Bank of Valletta has suspended tariffs on inactive and minimum balance accounts until ongoing discussions are consluded with the Malta Financial Services Authority.

BOV had introduced these tariffs in September 2020 to cover part of the related costs on accounts which were not being used or had low balance. Certain categories exempted from these tariffs.

Bank of Valletta urged clients who do not use their banking accounts to close them or choose a basic bank account which is exempt from these tariffs.