Teach in Italy

Opening a Bank Account

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This article explains the process of opening a bank account in Italy.

Most Italian banks will only deal with customers in person. This means that to open an account one needs to visit a local branch. Some will allow opening an account from abroad but this is often a complicated process requiring letters from your existing bank account confirming your status, etc.

A few banks have branches overseas and it may be easier for non-Italians to open an account there.


Requirements

The following papers are necessary to open an account:

You may also need to provide:

To open an account the holder must be at least 18 years old.


Non-Residents

Non-residents are entitled only to open a non-resident account (conto estero) which is either a foreign currency account or an account which allows paying in by imported euro. These types of account usually pay a slightly higher level of interest and no tax withholding.

Non-residents cannot open post office accounts.


Types of Account

The most common types of account are a cheque account (assegno) or current account (conto corrente/interno). These will often come with a Bancomat card (popular in Italy) and/or cheque book.


This page contains legal information which is provided 'as is' and does not constitute legal advice. For full details, see our Legal Disclaimer.




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