Payment Accounts Fees Comparison Tool


The Payment Accounts Fees Comparison Tool allows consumers to compare the fees being charged by Credit and Financial Institutions in respect of a Payment Account held in Malta. A payment account is defined as an account held in the name of one or more consumers which is used for the execution of payment transactions. 

An account offered by a Credit or a Financial Institution can be considered as a Payment Account only if consumers are able to do at least the following:

(a) place funds in a payment account;

(b) withdraw cash from a payment account; and

(c) execute and receive payment transactions, including credit transfers, to and from a third party.

Therefore, all of the above three criteria must be met in order for an account to be classified as a Payment Account. This is important since a Credit or Financial Institution is obliged to provide the Authority with information on the fees being charged to consumers in respect of a Payment Account. Therefore, if a Credit or Financial Institution does not offer a Payment Account, the Credit or Financial Institution will not feature in the list of entities.

The fees displayed via the Payment Accounts Fees Comparison Tool reflect the fees of the most representative services linked to a payment account. This shall include fees related to the opening operating and closing of a payment account including payment services and payment transactions. Consumers should always refer to tariff sheet of the Credit or Financial Institution for the full list of fees being charged in respect of a service and/or product.

In order to use the Payment Accounts Fees Comparison Tool, consumers have to

  1. Select a minimum of two and a maximum of three entities;
  2. Select one of the product or service featuring on the website;
  3. Select one product or service per each entity;
  4. Click on “Compare” button.

If an entity is not offering the selected product or service, a notification will appear on the screen. The consumer will be asked to choose another entity in order to be able to proceed.

Consumers have the possibility of downloading a pdf copy of the information generated by the Payment Accounts Fees Comparison Tool. Such information can also be sent via email. To note that the document generated is not an official document of the Authority.

Should you notice that any information related to a particular fee listed here is different from the information provided in the latest Tariff Sheets of the payment service provider, you are invited to bring this to the attention of the MFSA by filling in the form below. It is important that you indicate the entity name and which information is incorrect. You need to indicate the date of the tariff sheet that you are referring to for us to be in a position to carry out the required checks. It is important that you ensure that you are referring to the latest Tariff Sheet of the payment service provider.