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Banking

Malta — Banking: International Transfers

Euro transfers in Malta run through SEPA, and EU rules require banks to receive instant euro payments from April 2025 and send them from October 2025 at no higher cost.

VerifiedGovernment / official sourceCentral Bank of Malta — SEPA and instant paymentsLast reviewed: 2026-10-23

Key facts

  • The Central Bank of Malta is the SEPA competent authority under Regulation (EU) 260/2012 and operates TARGET2-Malta and the MTEUROPAY retail system.
  • Regulation (EU) 2024/886 requires credit institutions offering credit transfers to also offer instant transfers at no higher cost: receiving from April 2025, sending from October 2025; other financial institutions by April 2027.
  • About 70% of electronically initiated transfers in H1 2025 went through SEPA.
  • The Central Bank of Malta interim stability report counts 17 banks active in Malta with an MFSA banking licence.

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