Opening a bank account in Italy: Requirements, prices and steps

Opening a bank account in Italy will be very useful if you plan to live, study, work, or spend time in the country. This way, you can pay rent and utilities, receive payments, and avoid constant international fees.

So, we’ll explain how to open a bank account in Italy online as a foreigner. Also, we’ll show which processes you must follow depending on the bank type you choose and the costs you must cover when getting a banking product in Italy.

How to open a bank account in Italy online as a foreigner?

In Italy, you won’t always need a traditional bank to open a bank account, as the country already offers several fintech platforms operating under European electronic licences that guide you through the entire process.

They reduce costs and processing times, removing traditional banking bureaucracy. Best of all, these neobanks let you get an IBAN (International Bank Account Number) within minutes.

Traditional banks like UniCredit or Intesa Sanpaolo require residency for full online services. However, platforms like Revolut, Wise or HYPE allow access for foreigners and non-residents with Italian IBANs, which helps when sending and receiving payments in Italy.

Steps for the digital process

To get a bank account, remember that digital security standards are strict, and we’ll explain them below:

• Profile creation: Download the official bank or neobank app, then create a profile using your email and phone number.
• Document upload: Scan your passport on both sides.
• Identity verification: Complete a biometric check by taking a selfie or video, following the app instructions.
• Tax details: Enter your Italian tax code to unlock all local account features.
• Validation and activation: Wait up to 48 working hours for approval.
• Card setup: Once active, you can request a physical card delivered to your address.

Keep in mind that although you can make payments normally, without a local IBAN, you’ll face some issues with taxes, loans, or certain merchants.

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How to open a bank account in Italy for non-residents?

If you’re not a resident, you can still open a bank account, although the process takes slightly longer. For banks, a non-resident is someone not registered in Italy’s population system and not paying local taxes.

This status directly affects requirements, costs, and available products. For example, non-resident accounts suit students, temporary workers, investors, or long-term visitors.

Banks like Intesa Sanpaolo, UniCredit, Banco BPM, and sometimes BPER Banca offer these accounts. However, each bank decides approval based on your profile, fund origin, and account usage.

Required documents

• Valid passport or EU ID.
• Italian tax code: Original certificate issued by the tax office or the consulate. This code is the tax identification number in Italy and is essential for opening any traditional bank account. Obtaining this number does not grant you tax residency, but it does allow you to carry out banking transactions, sign contracts and conduct business formally in the country.
• Proof of address: Provide a utility bill from your current residence.
• Income proof: Show income purpose, such as studies, salary, investments, or tax declarations.
• Initial deposit: Some banks may request a minimum amount to open the account.

In-branch process

The usual process to open a non-resident bank account includes several steps, explained below:

• Book an appointment: Contact a bank agent to begin the process.
• Profile interview: The advisor will ask about your account purpose and expected fund flow.
• Submit documents: Provide original and scanned documents for review.
• Sign the contract: Read and sign the agreement outlining terms and conditions.
• Temporary credentials: Receive codes to set up the mobile app.
• Receive your card: Your debit card arrives within 15 days, even if you live abroad.

This process depends on the bank and your profile. From appointment to activation, it usually takes 5 to 15 working days. However, extra checks or documents may extend the timeline.

How much does it cost to open and maintain a bank account in Italy?

Before starting, understand the fees for maintenance, card usage, limits, transfers, and ATM withdrawals.

Some neobanks remove these fees, making them more accessible. Meanwhile, traditional banks offer physical support networks. Here’s a comparison:

Hidden costs for non-resident clients

Accounts designed for non-residents often include less favourable conditions than resident accounts. You’ll commonly find higher maintenance fees and limited access to credit cards.

Additionally, some banks may charge a correspondence handling fee, which you can avoid by activating fully digital communication. Another way to reduce costs involves youth banking plans under 35, which often waive these fees.

Opening a bank account online or in person – which is best for you?

Choosing between an online or in-branch account depends on factors like whether you live in Italy and your short- and long-term plans.

If you want fast processes, choose an online account with neobanks. However, if you need deep financial integration, visit a traditional Italian bank branch.

The online process works well for daily use, as platforms provide an Italian IBAN remotely, which suits non-residents. However, some landlords and institutions still reject accounts not issued by traditional banks.

Below, you’ll find a comparison showing the differences between online and in-person accounts, helping you choose based on your needs:

How to stay connected in Italy as a foreigner

To start your bank account application in Italy, you’ll need a stable internet connection. This helps you communicate with your bank and upload documents smoothly.

With Holafly monthly plans, you can enjoy unlimited data or 25 GB and share it with devices like your laptop. This makes banking processes easier. Also, you can travel across over 170 countries using these plans.

If you’re staying briefly in Italy, we recommend the Holafly eSIM for Italy, which provides unlimited data for the exact number of days you remain in the country.

Frequently asked questions about opening a bank account in Italy

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