Opening a Business Bank Account in Malta? Jeffrey from Revolut Shares His Advice

As Malta continues to attract entrepreneurs, international companies, freelancers, and remote professionals from around the world, access to efficient bank account and its solutions has become an increasingly important part of doing business on the island. From opening a business account and managing international payments to handling multiple currencies and automating financial operations, modern businesses require greater flexibility than ever before.

At the same time, many expatriates and business owners arriving in Malta quickly discover that traditional banking processes can be time-consuming and difficult to navigate, particularly when operating across multiple jurisdictions.

To explore how digital banking is helping address these challenges, we sat down with Jeffrey Chanseau from Revolut to discuss the evolving needs of internationally mobile professionals, startups, SMEs, and global companies. In this interview, he shares practical insights on business banking in Malta, multi-currency operations, foreign exchange management, and the tools that are helping modern businesses operate more efficiently in an increasingly connected world.

From Traditional Banking to Digital Finance

Q1. Jeffrey, before we talk about Revolut, tell us a little about yourself – where are you from and what attracted you to fintech and digital banking?

I am originally from Tahiti, French Polynesia, about as far from Malta as you can get. I have always been drawn to technology for the concrete value it brings: saving time, reducing costs, simplifying complex processes. After spending some time in the traditional banking industry, fintech felt like a natural next step. Revolut, in particular, stood out as a place where that vision was actually being executed at scale.

Q2. Many expatriates moving to Malta struggle with traditional banking processes. From your experience, what makes Revolut particularly attractive for internationally mobile individuals?

Opening a bank account in Malta takes time, which can be challenging when you have just arrived. At Revolut, the process is fully supported by an expert and completed within days, entirely remotely. Once onboarded, clients get immediate access to the essentials: multi-currency accounts, card payments, transfers, and FX, all with transparent pricing and no hidden fees.

Q3. For expats earning, spending, or investing across several countries, how important is Revolut’s multi-currency functionality today?

It is probably the biggest pain point we see. Most people do not realise how much they lose on currency conversions. Traditional providers often embed their fees in the exchange rate rather than displaying them clearly, which can represent 1 to 3% per transaction. Revolut Business gives access to interbank rates directly in the app, with fully transparent fees. Multi-currency accounts let clients receive, hold, and send money in 25+ currencies, giving them the flexibility to exchange when it makes sense, or simply avoid unnecessary FX costs altogether.

Q4. What are some common misconceptions people still have about digital banking platforms like Revolut?

The most common one is that Revolut is still just a fintech app, not a real bank. That is no longer the case. Revolut holds a full banking licence, which means deposits are protected and the regulatory standards are the same as those applied to traditional banks. It is a fair question to ask, but the answer has changed significantly over the past few years.

How Revolut Business Supports Entrepreneurs and Companies in Malta

Q5. Revolut Business has become increasingly popular among startups, freelancers, and international companies. What types of businesses benefit the most from Revolut Business today?

Revolut Business is built to cover the full ranch of transactional needs, so the fit varies by profile, international companies benefit most from competative FX rates, multi-currency accounts, fixed rates on SWIFT transfers, and fee-free international card payments. Startups appreciate the open API, which allows them to automate and integrate financial flows into their existing tools. Freelancers and smaller structures get a straightforward, mobile-first account with no hidden costs: simple, but effective.

Q6. When a company is setting up in Malta, one of the first operational challenges is opening a business bank account. How does Revolut Business simplify this process compared to traditional banking?

The process is fully remote and guided by a dedicated expert from start to finish. There is no need to visit a branch or adjust to someone else’s schedule. Clients can move forward at their own pace, which for a company that is just setting up, makes a real difference.

Q7. Can you walk us through some of the most valuable Revolut Business features that companies often underestimate at first?

FX Forwards, without a doubt. Many clients do not initially realise they are exposed to exchange rate fluctuations, and that they can partially hedge that risk by locking in a rate for future transactions. It is a meaningful tool, and clients do not navigate it alone: a dedicated expert helps them build a proper strategy around it.

Cards are another one. Included in your monthly subscription, with no additional cost per transaction. Beyond that: up to 50 virtual or physical cards per user, each assignable to a specific purpose (ad spend, supplier payments, subscriptions). Limits up to 5 million euros per card per month, with controls that can be adjusted instantly and cards that can be frozen or deleted in seconds.

Open a Revolut Business Account with Dedicated Support

If you are looking to open a Revolut Business account in Malta or anywhere across the European Economic Area (EEA), click the button below to begin your application. By doing so, you will receive dedicated onboarding support from Jeffrey at Revolut Business, who will personally guide you through the process and help ensure your application is completed as smoothly and efficiently as possible.

Solutions for Freelancers, Consultants and Solo Entrepreneurs

Q8. For freelancers, consultants, and solo entrepreneurs who may not yet need a full business account, where does Revolut Pro fit into the picture?

Revolut Pro is designed for simplicity. The first plans are free, the account is straightforward to use, and it covers the essentials for managing income and expenses as a solo operator, accessible directly from the Revolut retail app. A solid starting point for anyone who does not yet need the full Business suite.

Q9. Finally, what is one piece of financial advice you would give to expatriates and entrepreneurs relocating to Malta?

I will stay in my lane and leave financial advice to the qualified professionals. That said, one thing I would encourage everyone to do is take the time to understand what their banking actually costs them. Fees are not always visible, and that conversation is worth having early. I am always available for a chat.

Businesses based in Malta and across the European Economic Area (EEA) can benefit from dedicated onboarding support from Jeffrey and the Revolut Business team.

Building a Strong Financial Foundation in Malta

The way businesses manage their finances is changing rapidly. Whether it is a startup launching in Malta, a freelancer serving international clients, or an established company expanding across borders, banking is no longer simply about holding funds and processing payments. It has become an essential part of operational efficiency, cash flow management, and international growth.

As Jeffrey explains, modern businesses increasingly require solutions that can support multi-currency transactions, reduce foreign exchange costs, streamline financial processes, and provide the flexibility needed to operate in a global marketplace. For many entrepreneurs and internationally mobile professionals choosing Malta as their base, digital banking is becoming a practical tool for navigating these challenges more effectively.

While every business has different requirements, one message remains clear: understanding your banking options from the outset can save significant time, reduce unnecessary costs, and create a stronger foundation for long-term success.