It was built in the 18th century to house the city's administrative council and courts, and was later used as a private residence and a school.

[1] The Banca Giuratale was built between 1726 and 1728 to house the Università, the civil administrative council of Mdina, after their original premises were taken over by Grand Master António Manoel de Vilhena in order to build Palazzo Vilhena.

[7][8] Since 1988, the Banca Giuratale has housed the Legal Documentation Section of the National Archives of Malta.

[11] In 2012, Mdina's local council, which is housed in the Corte Capitanale, requested to use the Banca Giuratale as its premises.

The main entrance has a richly decorated semicircular vault, which is supported on two columns.