Opening a Bank Account in Italy

Italy is an attractive country for opening a bank account. If you get the residence permit, then an account and bank card will be necessary to make any current payments, including in order to receive wages. Legal entities need this service to maintain trade activities in the countries of the European Union and to legally receive payment for goods or services. Lawtter Solutions offers clients help with opening an Italian bank account. We offer turnkey services with full legal support.

The cost of the service

1 500 EUR*

Term for opening a bank account

1-3 months

Support

Multilingual

Account opening type

Personal visit required

Opening an account

Basic information about opening a bank account in Italy

There is a possibility to open a bank account in Italy for a non-resident. The country’s legislation provides for this option. However, it is important to know that for non-residents in Italy, there are only two types of bank accounts available for opening:

  • Conto Estero.
  • Conto Internazionale.

 

The peculiarity of these types of accounts is that they have high commissions. In addition, the base currency is the currency of the client’s country. To make payments in Euros, an additional conversion will have to be made, which may result in the client paying an additional commission.

 

If a person opens an account in an Italian bank with a residence permit, the conditions will be the same as for Italian residents. The client has the right to open an bank accounts and receive any service that is offered by financial institutions in this country.

 

 

Advantages of opening an account in Italy

 

Opening an Italian bank account allows you to get a number of advantages. The main ones are the following:

1

It’s a respectable jurisdiction that guarantees the complete safety of your funds

2

A wide selection of banks that are ready to work with non-residents

3

Possibility to make payments throughout the Eurozone

4

The ability to carry out any financial transactions in Italy without restrictions

5

Migrants, students, and legal entities can open a bank account in Italy

What is important

 

Is it possible to open a bank account online?

 

A popular question is “How to open a bank account in Italy online?”. It will not work fully remotely. Clients can apply for registration online. However, client verification is a mandatory procedure in the country. To verify your identity, you will have to come to the bank and talk to the managers in person.