Frequently Asked Questions
FCM is a Maltese bank which obtained its licence in 2010 before launching in 2012.
Minimum deposit for a Fixed Term Deposit in Euro is €2,000
Minimum deposit for a Fixed Term Deposit in Sterling is £5,000
Minimum deposit for a Bonus Savings Account is €2,000
There is no limit on the maximum amount that may be deposited.
FCM does not charge any fees to open an account. There may be fund-transfer charges from your origination bank. For further information about charges view the Guide to Fees and Charges.
We are open for clients from Monday to Friday, between 08:30 and 17:00.
The logo represents the historical towers (Torri), which are built around the coast of Malta. In the same way that these watch towers symbolise strength and security, FCM protects, safeguards and watches over your savings to help achieve your goals.
- The customer has given his unambiguous consent to this; or
- The Bank is obliged to do so by law or court order or has a public duty to disclose.
Money can be deposited either via bank transfer or by cheque. The Bank does not accept cash.
Euro cheques must be made payable to FCM Bank Limited, while foreign currency cheques, i.e. GBP, must be made payable to the applicant and signed on the reverse side of the cheque.
No, you must first transfer your deposit to the Bonus Savings Account. Then we’ll open your fixed term deposit account.
Yes, you can transfer funds to your personal or corporate Bonus Savings Account at any time.
Upon successful completion of our due diligence process, a set of Bank details will be provided for you to transfer the funds. Once the account has been opened you’ll be provided with your unique International Bank Account Number (IBAN) to which you can transfer the funds from your Linked Account.
Alternatively you may wish to deposit funds by way of cheque sent to the address below:
Tower Business Centre
B’Kara BKR 4013
Since the term deposit is for a fixed period there are no withdrawals until maturity.
Yes, you can make free withdrawals from a Bonus Savings Account and transfer to the linked account provided by the account holder. Withdrawal by retail account holders does not require any notice period.
A linked account is the bank account which you provided and where the deposit originated to fund your bonus savings account. We’ll use the same account to transfer funds back to you. Kindly note that you’ll need to provide a linked account in order to complete the application form.
For amounts below €15,000 or £10,000 interest is paid annually. For deposits above €15,000 or £10,000 you may choose for interest to be paid quarterly, semi-annually or annually. In case of compounding, interest can only be paid annually.
Interest can be paid in three ways:
Compounded to the same account
Transferred to the Bonus Savings Account
Transferred to your linked bank account
Yes, FCM Bank is a participant in the Depositor Compensation Scheme as established under the laws of Malta.
Yes, the Bonus Savings Account is a variable interest rate which is subject to change. This does not affect your bonus interest of 0.25% if you leave the account untouched for 12 consecutive months.
No, for fixed term deposits the interest rate is locked and fixed for the period you have chosen.
No, the fixed term deposit will not be automatically renewed, unless we have clear instructions to that effect from the account holder. Prior to account maturity date, you will be notified that your account will reach maturity soon.
Yes, you may open joint accounts.
The Fixed Term Deposit Account will automatically close at maturity.
The Bonus Savings Account may be closed by providing us with a written instruction addressed to FCM Bank on the address below:
Tower Business Centre
B’Kara BKR 4013
You may notify us of a change in your details by calling one of our Customer Relationship Advisers on our freephone 8007 3737 or fixed landline (+356) 21 388 388 or by sending the relevant supporting documentation to the address below:
Tower Business Centre
B’Kara BKR 4013
Yes, we would need to be informed of any updates in your general information and any supporting documentation (if applicable) would need to be supplied.
You may notify us of a change in address by calling us and sending us:
- A recent (not older than 3 months) original utility bill (which will be returned to you) or
- A certified copy of a recent utility bill/ bank statement
Online Banking Verification Code
This new feature provides added security and authentication measures to your online banking account. This process is called 2 Factor Authentication. This is also in line with the European Banking Authority (EBA) guidelines for the European Union (EU) security of internet payments.
When logging into your online banking account, you will be prompted to request an authentication code. This six digit code will be sent via SMS to your pre-registered mobile phone number. In order to proceed with viewing your online banking account, you must first enter this code as per the onscreen instructions. A new code must be requested at every log in. If you have logged out or your session has timed out, you will need to request a new code to log back in to your account.
Should you not receive your authentication code after two minutes, kindly contact us on +356 21 388 388 or 8007 3737.
If you enter the 6 digit code incorrectly, you will be informed of this error by an on screen message and have the option to request another code. The code is valid for only one attempt, if you have typed in the code incorrectly you will need to request a new code. You have 3 attempts at requesting a new authentication code. Upon the 4th attempt, you must contact us for further assistance.
Unfortunately, if you do not have a registered mobile phone number with FCM Bank you are unable to access your online banking. In this case, should you wish to access account information or withdraw funds from your account, you can call us on +356 21 388 388 and we will be more than happy to assist.
Kindly contact us and we will send you an Account Maintenance Form to fill in and return to us with the new mobile phone number.
Unfortunately, we do not offer support outside normal office hours. May we kindly ask you to contact us from Monday to Friday between 8.30am and 5pm.
If you believe you have identified a suspicious transaction on your account, please call us on +356 21 388 388 or Freephone 8007 3737.
The Bank takes any reports from customers of a suspicious transaction very seriously and will immediately start an investigation upon receipt of the report. The Bank will update you with the outcome in a timely manner by phone.
Yes, you can open an account even if you are not a Maltese resident. Please contact us on (+356)21 388 388 for further information.
Yes, to open an account a child must be aged sixteen or over.
The account will be opened immediately upon receipt of cleared funds.
For applications at our branch, interest starts being calculated when you complete your application and submit a cheque with your application. If you are transferring the funds via Internet Banking, interest will only start being calculated when the funds have arrived in your Bonus Saving Account. For mail applications, interest starts being calculated when we receive a cheque or, if using Internet Banking, when the funds arrive in your Bonus Savings Account.
Frequently Asked Questions about our producs and services.
How safe are your savings in FCM Bank?
Detailed information about FATCA.
How to log into your online banking account.
Avoid the risk of landing on a fraudulent page.
General Data Protection Regulation information.