OPENING A BANK ACCOUNT IN ITALY

How to open a bank account in Italy for Ukrainian refugees?

Opening a bank account for an individual or a legal entity (company) takes an average of one day, and the account can be opened in any currency. Thus, natural persons can apply to open an individual account to use it for personal purposes – it can be employment, education, and others, and a legal entity can apply to open a corporate account.

Opening a bank account in Italy: procedure and benefits for Ukrainians

Opening an account in an Italian bank provides the following opportunities:

Belonging to the European Union before the G7 indicates that the banking system of Italy is characterized by the stability of the financial and budgetary system. There are a large number of banks that offer electronic banking, and therefore any operations on the account can be carried out remotely.

To open an account in an Italian bank, you need to personally come to the bank branch and provide the necessary documents.

What documents are required to open an account in Italian banks:

It depends on whether the person is a tax resident of Italy or not.

If the person is a resident of Italy, the following documents must be submitted:

• Valid ID card
• Tax code of the person
• Foreigners must submit a passport or identity card
• Residence permit in Italy

If the person is not a resident of Italy, the following documents must be submitted:

• The tax resident submits the tax code, if it already exists.
• If not, it is necessary to make a tax code

The best bank to open an account in Italy (simplified procedure and service rates)

All existing accounts will offer credit and debit cards. In Italy, the system of ATMs is developed and most of them have a limit of 300 euros. Visa and MasterCard, as well as CartaSi, are popular in Italy.

In addition, there are many different banks in Italy – which have their own peculiarities when opening accounts with them, the best are:

• BNL, Banco Nazionale del Lavoro
• ING
• Intesa Sanpaolo
• Poste Italiane
• Unicredit
• Fineco Bank

When it comes to Italy’s best online banks, some of the best deals come from HYPE’s Banca Sella, or N26, which allow you to open an account entirely online.

Is it possible to open an account online?

Yes, there is an opportunity to open a bank account online – this has the following advantages – the opportunity to find a consultant who will speak your language.

Often, banks in Italy, which and many other things, work only until lunch, and online banking operates 24 hours a day.

Assistance in opening a bank account in Italy

Opening and maintaining an account in an Italian bank is one of the main activities of our lawyers and economists. Sign up for a consultation and see for yourself the professionalism.

Importantly! On the websites of many banks, there are hotlines that you can call and find out all the information yourself, but you may encounter the problem of not understanding the Italian language or Italian banking terminology. That is why we recommend that you book a consultation with our lawyers before contacting the banks.