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Banking in Italy

Italy

Banking in Italy

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Banking in Italy

Italy has a contemporary banking and financial industry. Many of the international banks, accountants and insurance companies can be found there too. Banking hours are generally Monday to Friday from 0900 to 1700.

Opening an account when setting up a business in Italy is a very easy process. As in the UK, you can choose a different account for different purposes. Many banks will only allow you to open a bank account if you have a full residence permit. If you don't have or are still waiting for a residence permit, you could try asking a branch of an Italian bank in the UK.

To open a bank account in Italy, you will be required to provide the following documentation:

  • A passport
  • Residence Permit in Italy
  • Proof of Address
  • Birth Certificate (in some cases)
  • Proof of income (in some cases)
  • Reference from your UK bank (in some cases)

Check with your chosen Italian bank to determine exactly what you have to provide.

Cash machines are widely available and internet banking is gaining in popularity.

Click here to Ask an Expert about Banking in Italy

Organisations that can assist with Banking

  • > Woolsocks

    Saving money, as was done in the past in some cultures in wool socks, is still possible today, but with virtual socks! For this reason, we've created Woolsocks, a new app to manage own personal finances.

    More Details Visit Website
  • > Nexus

    Nexus provides a bespoke advisory service across a range of areas for international clients. We combine a fresh approach with professionalism and expertise, offering a comprehensive, tailored services in today’s global and competitive market.

    More Details Visit Website
  • > Coinbase

    Coinbase offers a user friendly platform allows you to buy and sell more than 30 cryptocurrencies.

    More Details Visit Website
  • > Freedom24

    The Freedom24 online trading platform by Freedom Finance contains 1 000 000+ investment products including new stocks at their IPO (initial) price.

    More Details Visit Website
  • > Coinhouse

    Coinhouse was founded in 2015. It is now a digital platform for individuals and institutions wishing to acquire and secure their digital assets.

    More Details Visit Website
  • > YouHodler

    YouHodler's FinTech platform is focused on helping you earn money on your Digital Assets, by using your crypto savings account. Earn Bitcoin (BTC), Pax Gold (PAXG), USD Coin (USDC), Tether USD (USDT) and more.

    More Details Visit Website
  • > Need to open a bank account in this country?

    Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.

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