Bank of Valletta review

Bank of Valletta's current account has a monthly fee of €0, so there is nothing to pay each month to keep the card. It ranks 1 of 419 brands on monthly fee, with a cost score of 6 on DebitCue.

It is a debit card, debit, so spending draws on the money in the current account rather than borrowing. The card runs on the Visa network, visa, the choice shared by 59.8% of the debit ranking.

Bank of Valletta p.l.c. is the legal entity behind the card, Bank of Valletta p.l.c.. The bank is headquartered in Malta, MT, and was founded in 1974, so the account terms are aimed at that single market rather than a global one.

Other cards charge nothing monthly too: Wise at £0, Varo Believe Secured Credit Card at $0 and Chime Card at $0. The monthly fee is where these cards tie, and card type is where they differ.

The card fits people in Malta who want a plain current account with a Visa debit card and no monthly charge, €0. Readers who want a credit card to build credit, or an account for several markets, would be better placed with a different product.

Spending abroad on a Visa debit card, debit on visa, uses the network's exchange rate plus any fee the bank sets, and the typical conversion fee across cards is 1%. Readers travelling should check the rate before they rely on the card overseas.

Cash terms vary more than any other cost in this market, with a typical free ATM allowance of €0 across the debit ranking and €0 across all cards. Bank of Valletta's Visa debit card, debit on visa, sits in that group, so the cash element is worth checking on the account itself.

Bank of Valletta scores 6 overall, with the cost part at 6. The account fee is its clear strength at €0 a month, and DebitCue lists 3 alternatives to compare it against.