APS Bank review

The account carries a monthly fee of €2. The card itself is a debit card on the visa network, so the fee is a standing charge for keeping the card. That is the main cost to weigh, since Monzo Flex and Wise both have a monthly fee of £0 and £0.

It is a debit card, so spending draws on the money in the account rather than borrowing. The card runs on the visa network, and 57.4% of the cards in this comparison sit on the same one. Cardholders use it for everyday payments straight from a bank balance.

The card sits on visa, so it works wherever cards on that network are accepted. It is a debit card, which means the account balance funds each payment. Anyone who needs a card on a different network would have to look at another provider.

The card is issued by APS BANK P.L.C., a bank founded in 1910. That is a long operating history for a card provider, and the legal name on the account is a bank rather than a fintech or exchange. It is based in Malta.

APS Bank is based in Malta, and it has been trading since 1910. The card and the account are both Maltese banking products, so the balance is held by a domestic bank rather than an overseas platform. Cardholders spending abroad will be using a debit card on the visa network.

APS Bank charges €2 each month. Monzo Flex charges £0, Wise charges £0 and Bitpanda charges €0, so each of them costs nothing to hold. On a standing charge alone, those options come out ahead.

It suits Maltese customers who want everyday spending from a bank rather than a crypto platform. The account belongs to APS BANK P.L.C., founded in 1910, and the card is a debit card. It is less suitable for anyone whose priority is avoiding a monthly charge.