Everything you need to know
Malta Currency
Travelling to or living in Malta? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in Malta
Open a UK bank account with us and get a GoCard for smarter spending in Malta. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in Malta?
The official currency of Malta is the euro
Before the euro, Malta used the Maltese lira (MTL).
EUR, €
Banknotes
€5
€10
€20
€50
€100
€200
€500
Coins
1
2
5
10
20
50 cents
€1
€2
Popular Euro pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Malta
Malta is mostly card-friendly, but cash is still widely used in local shops, markets, and taxis. Contactless payments are available in many places. Tip: Always choose to pay in local currency (EUR) to avoid extra conversion charges. With TransferGo, you can spend confidently and save on hidden bank fees.
Tips for exchanging money in Malta
ATMs are common: but some may charge fees.
Cash handy for markets: and small island villages.
Airport exchanges: poor value.
Budget tip: cards fine for hotels, cash useful elsewhere.
With TransferGo, you can send euros directly to Malta or spend using your GoCard with fair rates.
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Frequently asked questions
What is the official currency used in Malta?
The euro (EUR, €).
What is the official currency used in Malta?
Symbol: € | Code: EUR
Can I use my home currency in Malta?
No, only euros are accepted.
How can I use my GoCard in Malta?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in Malta?
Both, but carry cash for small businesses.
Are credit or debit cards widely accepted in Malta?
Yes, especially in tourist areas.
Are there ATMs available in Malta, and are there withdrawal limits?
Yes, but check for bank fees.
Can I use a GoCard in Malta?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.