Virtual Account

Our virtual account is the first step to a more modern and efficient way of banking with more convenience for our customers and less paper and time wastage. It also offers a more attractive interest rate on deposits.

Main Benefits:

  • effect payments at your leisure through the Bank's 365 online internet banking system, ATM network or EPOS stations (i.e. our Visa Debit Card);
  • need not queue at a branch;
  • earn a higher rate of interest;
  • benefit from a fee-free (for the first two years) Visa Card;
  • view account entries/statements online;
  • 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.

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APS Bank plc is licensed to undertake the Business of Banking and to conduct Investment Services business by the Malta Financial Services Authority and is enrolled in Tied Insurance Intermediaries List under the Insurance Intermediaries Act 2006