Malta
Belgium
activeFeaturedNeobank
- HQ
- Berlin
- Fee
- Free Standard
MeDirect
MFSA credit institution plus Belgian subsidiary. Depositor Compensation Scheme €100k. Savings and investments, not a pink current-account toy.
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6.9Mixed
AlternativesFive questions
At a glance
Is it a bank?
Yes — Credit institution — MeDirect Bank (Malta) plc, C34125 (MFSA). Still read the entity on the statement.
If it fails?
Maltese Depositor Compensation Scheme up to €100,000 at MeDirect Bank (Malta) plc. Belgian scheme on the Belgian subsidiary — do not double-count across the two banks.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Savings / investment packaging — confirm live
Account number
IBAN is part of the pitch — issuing country not stored.
NeoBankDB Verdict
Licence first · score second
6.9
/10 · Mixed
MeDirect Bank (Malta) plc is an MFSA credit institution, C34125. MeDirect Bank SA is the Belgian subsidiary. Depositor Compensation Scheme up to €100,000 per bank — two entities, two caps, do not invent a third. Savings and funds are the religion. N26 is a German current account. This is a Maltese (and Belgian) savings bank with an app. Read the entity on the statement.
What it is
Ex Mediterranean Bank. Sliema and Brussels. Directories file it next to Revolut because both have orange-ish marketing. Revolut is a specialised bank plus EMI. This is a credit institution that sells deposits and funds.
Best for: Maltese or Belgian residents parking EUR at a named bank with an investment sleeve.
Last checked 2026-08-30. Not advice.
What it does well
- +Named MFSA credit institution
- +Belgian subsidiary is a real bank too
- +DCS €100k
- +H1 2026 back to profit, 180k clients
What to watch
- −Not Starling for daily spend
- −Two entities, two caps
- −Investment SKUs are not the deposit
- −Directories say neobank
Who holds the money
The account
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- IBAN / SEPA
- Built for
- Personal · Investing
- Settlement
- Local rails instant where live; SWIFT slower
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- MeDirect lists a physical card on visa, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Maltese Depositor Compensation Scheme up to €100,000 at MeDirect Bank (Malta) plc. Belgian scheme on the Belgian subsidiary — do not double-count across the two banks.
Who holds the money: MeDirect Bank (Malta) plc / MeDirect Bank SA
- MFSACredit institution — MeDirect Bank (Malta) plc, C34125 · Malta
- NBB / ECBMeDirect Bank SA — Belgian subsidiary · Belgium
Fees
- Monthly
- Savings / investment packaging — confirm live
- FX markup
- Bank tariff
- ATM
- Limited current-account theatre
- Interest
- Savings rates — the product. Rates move
Features
- ✓IBAN
- –Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- –Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Maltese / Belgian bank IBAN
- Savings + funds
- DCS €100k
- MFSA + NBB
- Not a lifestyle neobank
Score
- Safety25%
- 8.4
- Fees20%
- 7.0
- Features15%
- 7.2
- App15%
- 6.8
- Global15%
- 4.4
- Support10%
- 6.6
Change log
Full logLicence
MeDirect Bank (Malta) plc + Belgian subsidiary
MFSA credit institution C34125. DCS €100k. Two entities, two caps.
Straight answers
FAQ
01Is MeDirect a bank?
MeDirect holds a banking-style licence (MFSA). Still read the legal entity on the statement, not the app icon.
02How is money protected?
Maltese Depositor Compensation Scheme up to €100,000 at MeDirect Bank (Malta) plc. Belgian scheme on the Belgian subsidiary — do not double-count across the two banks.
03Where is MeDirect available?
We list 2 markets on NeoBankDB. Residency and onboarding rules still sit with MeDirect.
04Card and wallets?
MeDirect lists a physical card on visa, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open MeDirect remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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