Cross Border Payments Regulation
What is the Cross Border Payments Regulation?
The Cross Border Payments Regulation applies to transactions carried out using your debit card in the European Economic Area (EEA). This may be a transaction made abroad, an ATM withdrawal, or an online purchase from a foreign retailer in the local currency.
In eurozone countries, you will be able to use your MeDirect card just as you would in Malta.
Non-Euro currencies
In countries outside of the eurozone, namely Bulgaria, the Czech Republic, Denmark, Hungary, Iceland, Norway, Poland, Romania and Sweden, you may be offered the possibility to pay or withdraw cash from an ATM either in the local currency or in Euro.
MeDirect's multi-currency account
Other fees
Rates and conversions
To help you better understand the exchange rates that will apply to withdrawals / payments made in local currencies within the EEA, this table indicates the % difference between the daily European Central Bank exchange rate and the rate you will be charged for using your card in a different currency.
- From Currency: Select the currency in which you want to execute a transaction – eg. Polish Zloty.
- Amount: Enter the amount of the transaction eg. 100 PLN.
- To Currency: Enter the main currency of your account (the currency from which the amount will be debited) eg. Euro.
- Exchange rate surcharge: Enter the exchange rate surcharge of the bank - 1.5%.
- Date: Rates appear daily at a defined time. Before this time, the rate of the previous day will be shown.
Frequently asked questions
How do I open an account?
If you already hold an account with MeDirect opening additional accounts is quick and easy. Just Log In to your account, click on 'Open an Account', and follow the steps indicated on screen.
If you are not a client of MeDirect you will need to choose 'Become a Client' and follow the steps indicated on screen. Once your application is confirmed, you will just need to Log In, click on 'Open an Account' and follow the steps indicated on screen.
Are there any fees to open and maintain an account?
No charges are applicable to open and maintain an account with MeDirect. For more information about fees please read our Tariffs & Charges Schedule for Banking Services.
How can I deposit funds in my account?
You can deposit funds by instructing a bank transfer from an external bank account to your MeDirect account. We also accept deposits by means of cheques and bank drafts.
More FAQs
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