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Accounts

Can I set up future dated payments?

Yes, you can set up future dated payments for up to twelve months in advance. Through your Online Banking click on ‘Move Money’, choose the payment type and insert your payment instructions. When inputting these instructions, make sure that the ‘Execution date’ is future dated. Alternatively, this can also be done via the Mobile App through the ‘Transfer’ option. Select ‘To someone else’ and make sure the ‘Execution date’ is future dated. Future dated payments can only be made if the debit and credit accounts are denominated in the same currency.

Can I edit or cancel my future-dated payments?

By selecting ‘Scheduled Payments’ in the ‘Transfer’ tab of the Mobile App and the ‘Move Money’ tab through online banking, you will be able to view all your scheduled payments. You have the option to amend or delete such payments.

How can I withdraw funds from my Me Accounts?

You can place a Me Account withdrawal notice at any time for free by logging on to your Online Banking clicking on ‘Move Money’ and selecting ‘Me withdrawals’ or at a charge by calling our Wealth Support Centre on (+356) 2557 4400.

Will my Fixed Term Deposit be automatically rolled over upon its maturity?

By default, unless instructed otherwise by you, funds held in your Fixed Term Deposit will be automatically transferred to your Savings Account or Me Account upon maturity (depending on the account indicated by yourself during account opening). The Bank will notify you on the upcoming maturity of your account.

What happens if interest rates go up or down?

Should the Bank announce a change in interest rates, the interest rate on your existing Fixed Term Deposit Account will remain unchanged as agreed upon account opening. Interest rates on Cash Accounts, Savings Accounts, Investment Cash Accounts and MeMax Savings Accounts might change at any time at the Bank’s discretion. For Me Accounts, the Bank will announce changes of interest rates in advance in line with the ‘withdrawal notice period’ linked to the specific Me Account. For more information about the Bank’s interest rates please read the Interest Rate Sheet

What happens when my account is marked as inactive or dormant?

Once an account is marked as inactive or dormant, no transactions, including deposits, payments, transfers, etc., can be performed by yourself. The funds in an inactive or dormant account remain your property. You can reactivate your account by contacting us. Reach out to our customer service team, and they we will guide you through the process.

What is an inactive or a dormant account?

An account is deemed inactive when no transactions, except for the posting of interest and/or service charges, occur for a continuous period of twenty-four (24) months. An account becomes dormant when no transactions instructed by you take place for a period of sixty (60) months.

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We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.