Virtual Account

The APS virtual account is the first step to a more modern and convenient way of banking, with less paper and time wastage.

Features and benefits:

  • VISA Debit Card to manage funds through ATMs, Bulk Deposit Machines and EPOS station.
  • Access to myAPS internet and mobile banking service.
  • Earn a more attractive interest rate on deposits.
  • Access your money 24 hours, 7 days a week.

 

A minimum deposit of €50 is required when opening the VA.

Electronic Personal Overdraft (EPO)


APS Bank's Virtual Account also provides an alternative and convenient way of sustaining your personal cash flow by borrowing up to a maximum limit of €5,000. You may do so by applying at the branch, where your accounts are domiciled and your application will be considered under the Bank's normal lending criteria.

Applicants are to provide the Bank with:           

  •     The payslips of the last four months; 
  •     The FS3 of the previous year; 
  •     Statement of affairs on the Bank's appropriate form AD3

 

The overdraft facility will not be subject to a processing fee or any advances fees provided that the Virtual Account is conducted within the sanctioned EPO limit and your income is deposited to the Account.

Virtual Account - Terms and Conditions (Old)
Virtual Account - Terms and Conditions (New) *

* For accounts opened from 3rd June onwards, these Terms & Conditions will apply immediately.
For accounts opened prior to 3rd June, these Terms & Conditions will apply.

 

Approved and issued by APS Bank plc, APS Centre, Tower Street, B’Kara BKR 4012. APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act. The Bank is a participant in the Depositor Compensation Scheme established under the laws of Malta. Terms and Conditions apply and are available upon request.

Copyright © 2017 APS Bank plc
APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994 and to carry out Investment Services activities under the Investment Services Act 1994. The Bank is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018.