MeDirect Bank review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
MeDirect Bank is a multi-currency account with a €0 monthly fee, a debit card and a virtual card option, and it suits people who want to hold several currencies without a recurring charge. Conversion at 1.5% is where cheaper cards pull ahead.
Key facts
- Best for
- A €0 monthly fee with multi-currency and virtual card features
- Monthly fee
- €0↗
- Currency conversion fee
- 1.5%↗
- Free ATM withdrawals
- €0↗
- Card type
- Debit↗
- Features
- Multi-currency, Virtual card
- Official website
- medirect.com.mt
Facts checked September 26, 2026, 3 sources
Pros and cons
Pros
- A €0 monthly fee, level with the £0 and £0 at Wise and Monzo Flex.
- Multi-currency balances and a virtual card option in the same account.
- A debit card, so spending comes straight from the account balance.
Cons
- Conversion costs 1.5% where Bitpanda lists 0%.
- A €0 free ATM allowance, ranking 38 of 104 brands.
- The conversion fee places it 133 of 237 brands in this comparison.
Who it suits
- People who want several currencies and a virtual card in one bank account.
- Account holders who would rather not pay anything monthly, since the fee is €0.
Who should look elsewhere
- Bitpanda, for spending across many currencies, where the conversion fee is 0% against 1.5% here.
- Wise or Monzo Flex, if the monthly fee is the deciding factor, since theirs are £0 and £0 too.
Trading and withdrawal fees
The account carries a monthly fee of €0, so holding it adds no extra cost. Card spending runs on a debit card, and converting currency is charged at 1.5%. That conversion rate is the number to weigh if you spend in another currency or take money out while abroad, because it applies each time the account converts for you.
Where it sits among rivals
On monthly fee, MeDirect Bank sits at 1 of 379 brands, the highest rank in the group. Free ATM withdrawals place it at 38 of 104 while the currency conversion fee leaves it at 133 of 237. The account is cheap to keep and mid-table on the charges that decide cost in use.
How MeDirect Bank compares
8.9 vs 9.4
8.9 vs 9.0
8.9 vs 8.2
8.9 vs 9.5
8.9 vs 9.6
8.9 vs 9.0
8.9 vs 9.1Its conversion fee is 0% against 1.5% here, which is the stronger pick for frequent cross-currency card spending.
8.9 vs 8.9
8.9 vs 8.1
8.9 vs 8.2
8.9 vs 9.5
8.9 vs 9.4
8.9 vs 9.2
8.9 vs 9.1
8.9 vs 9.0
8.9 vs 8.9- 8.9 vs 8.8
8.9 vs 8.8
8.9 vs 8.6
8.9 vs 8.5
8.9 vs 8.3
Where MeDirect Bank is available
- Available
- Malta
Countries from its affiliate programme (Source)
Frequently asked questions
What does MeDirect Bank charge each month?+
There is a monthly fee of €0 on the account, and the card linked to it is a debit card. Wise and Monzo Flex list a monthly fee of £0 and £0, so the monthly cost is not where this account stands out.
What is the currency conversion fee?+
Converting currency costs 1.5% each time the account converts for a card payment or a withdrawal in another currency. Bitpanda lists a conversion fee of 0% by comparison, so the conversion rate is where the difference between these cards shows.
Can I take out cash at ATMs without a charge?+
The free ATM allowance is €0, so cash withdrawals are not part of what this account does cheaply. It ranks 38 of 104 brands on that measure, which is mid-table for cards people use to take money out.
Is the MeDirect Bank card a debit or prepaid card?+
It is a debit card, so payments draw on the money in the account rather than on a stored balance that has to be topped up. The account also carries a multi-currency feature, which matters for anyone holding more than one currency, with conversion charged at 1.5%.
Does the account support several currencies and a virtual card?+
The account carries multi-currency and virtual card features, so one balance can hold several currencies and a virtual card can be used online. Converting between the currencies you hold is charged at 1.5%, so the multi-currency setup only pays off if you keep conversions limited.
How does it compare with Wise and Monzo Flex on fees?+
On the monthly fee, Wise and Monzo Flex are level with this account at £0 and £0, so that measure does not separate them. What separates accounts is how currency is handled, and here the conversion charge is 1.5%.
Who does the MeDirect Bank account suit?+
It suits people who want a multi-currency account and a virtual card without a monthly charge, since the fee is €0 and the card is a debit card. It is a weaker fit for anyone who lives on foreign currency spending, because the 1.5% conversion charge sits above the alternatives in this comparison.
Sources
- medirect.be/wp-content/uploads/MeDirect-BE-Fee-Informatio... checked September 26, 2026
Backs: Free ATM withdrawals
“ATM cash withdrawals | Free”
- medirect.com.mt/pay/account checked September 26, 2026
Backs: Monthly fee
“I want a free current account with multi-currency options - Current Account”
- medirect.com.mt/wp-content/uploads/MeDirect-Fee-Informati... checked September 26, 2026
Backs: Card type, Features, Currency conversion fee
“Physical international debit card | Free”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.