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BOV Pooled Account
The BOV Pooled Account is specifically designed for eligible Practitioners for the purpose of holding clients’ or players’ money segregated from their own funds.
BOV Pooled Account

The BOV Pooled Account is specifically designed for eligible Practitioners for the purpose of holding clients’ or players’ money segregated from their own funds.

For this purpose, the Bank defines such practitioners as a person, firm, partnership, or incorporated practice that provides fiduciary services as listed below and are therefore eligible to hold a BOV Pooled Account.

 

Overview
Benefits
Terms & Conditions
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The BOV Pooled Account is specifically designed for eligible Practitioners for the purpose of holding clients’ or players’ money segregated from their own funds.

For this purpose, the Bank defines such practitioners as a person, firm, partnership, or incorporated practice that provides fiduciary services as listed below and are therefore eligible to hold a BOV Pooled Account.

Eligible Practitioners/Professionals:

  • Auditors, external accountants, and tax advisors
  • Real estate agents
  • Notaries and other independent legal professionals
  • Company service providers
  • Trustees, nominee companies holding a warrant under the MFSA
  • Gaming Licenses
  • Credit and Financial Institutions
  •  Insurance service providers licensed under the Insurance Business Act
  • Investment service providers licensed under the Investment Services Act

 

The BOV Pooled Account is based on the current account class and is intended to be operated mainly via online and automated services. The Account does not attract any credit interest. Although such accounts should never hold a debit balance, debit interest will be charged on any overdrawn balances, at the rate published by the Bank from time to time, should such instances occur.
You can…
  • Manage your funds anytime through BOV online and automated services;
  • Settle payments to Government Departments using your debit card; 
  • Settle payments through electronic payment means, e.g. Direct Credit, SEPA payment, etc.;
  • Provide instructions on payment orders, direct credits / debits – over the counter or via your BOV 24x7 Services.
You get…
  • Flexibility of usage;
  • Availability of funds (24 hours a day, 7 days a week) via our BOV 24x7 online services;
  • BOV Visa Cashlink Card;
  • Added safety of keeping your clients’ money in the Bank.
Interest Rates


The BOV Pooled  Account is interest-free.


Fees and Charges

The BOV Pooled' Account is charge-free provided that you do not overdraw your account.
Fees and charges may change after this product has been acquired and peripheral products may incur their own costs. 
Please contact any BOV Branch or our BOV Customer Service Centre on 2131 2020 for additional information.

 

 

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Set an appointment at a BOV Branch by following THIS LINK>>

If you are an existing BOV 24X7 Services customer apply directly through the BOV internet banking by logging in, otherwise you can call BOV Customer Service Centre on (356) 2131 2020. 
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BOV Pooled Account - Product Information Guide
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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).