Study costs & money in Malta
Tuition, living-cost context, banking, taxes and practical money guidance for students planning to study in Malta.
Read the complete Malta study abroad guide.
Bank Accounts
A Maltese account opens with passport, the residence document and proof of address; the banks run student accounts, though account-opening can be slower than the fintech-friendly reputation suggests, so start early. Euro throughout.
Revolut-class accounts are widely used among students meanwhile; a local account helps with Jobsplus-registered work.
Source: https://www.centralbankmalta.org/en/home
Taxes
Student earnings in Jobsplus-licensed work run through payroll with social contributions; modest incomes attract limited tax after allowances. The 20-hour cap and the licence process keep student work orderly and its tax simple.
Keep the Jobsplus licence and payslips with your permit file for renewals.
Source: https://cfr.gov.mt/en/Pages/Home.aspx
Common questions
What should international students know about banking in Malta?
Euro throughout; start account-opening early, it can be slow.
What should international students know about taxes in Malta?
Payroll with social contributions; the 20-hour cap keeps tax simple.