# Study costs & money in Malta

> Tuition, living-cost context, banking, taxes and practical money guidance for students planning to study in Malta.

Source of record: https://versityspot.com/study-abroad/malta/costs
Confirmation: 16 of 16 sections confirmed against their official source (last 2026-08-08).

## 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.