If you’re moving to Italy for work, study, or a long-term stay, opening a local Italian bank account is one of the first steps toward settling in comfortably. It allows you to receive your salary, pay rent, handle bills, and make everyday purchases, all without foreign transaction fees.

Italy’s banking system is modern and well-integrated with the European financial network. With the right documents and a little preparation, the process is straightforward for both residents and non-residents.

Currency in Italy

Italy uses the Euro (€) as its official currency.

As part of the Eurozone and the SEPA (Single Euro Payments Area), Italy’s banks make it simple to send and receive Euro payments across Europe without extra fees. Having a local Euro account makes daily transactions faster, cheaper, and easier, from grocery shopping to paying rent.

Best Banks in Italy for Newcomers

Italy offers a mix of long-established traditional banks and modern digital options. Here are the top banks to consider in 2026:

UniCredit

Italy’s largest and most international bank, with branches all over the country.

• Perk for newcomers: English-language online banking and customer support in major cities.

• Why choose it? Great for professionals, expats, and anyone who values global banking connections.

Intesa Sanpaolo

A trusted bank with a wide network and modern online tools.

• Perk for newcomers: Multilingual staff at central branches and English mobile app interface.

• Why choose it? Reliable service, easy-to-use digital tools, and solid expat support.

Banco BPM

Known for personal service and accessibility.

• Perk for newcomers: Straightforward account options for students and residents.

• Why choose it? Ideal for those who prefer in-branch help and traditional banking.

BPER Banca

A mid-sized bank focused on customer service and local accessibility.

• Perk for newcomers: Regional flexibility and English support in main cities.

• Why choose it? Good balance between personalized service and modern digital banking.

Poste Italiane (BancoPosta)

Operated by the Italian postal service, offering simple, affordable banking.

• Perk for newcomers: Easy to open with minimal fees and wide national coverage.

• Why choose it? Perfect for students or short-term residents looking for convenience and affordability.

Digital Banks: N26, Revolut, Fineco

Modern digital-first banking options available throughout Italy.

• Perk for newcomers: Quick online setup, English interface, and no need to visit a branch.

• Why choose it? Ideal for digital nomads, freelancers, or anyone who prefers 100% mobile banking.

Documentation Needed

To open a bank account in Italy, you’ll need a few essential documents. The exact list depends on your residency status and the bank, but generally includes:

1. Valid Passport or National ID – Proof of identity.

2. Codice Fiscale (Tax Identification Number) – Mandatory for all financial activities in Italy. You can obtain it from the local Agenzia delle Entrate.

3. Proof of Address in Italy – Rental contract, utility bill, or declaration of hospitality (dichiarazione di ospitalità).

4. Residence Permit (Permesso di Soggiorno) – Required for non-EU citizens living in Italy.

5. Proof of Employment or Study (optional) – Often requested for certain account types.

6. Initial Deposit – Usually between €50 and €150 depending on the bank.

 If you’re not yet a resident, some banks allow you to open a non-resident account (conto per non residenti), though features may be limited. 

Tips for Opening a Bank Account in Italy as a Foreigner

• Get your Codice Fiscale first: This tax number is essential for nearly all transactions in Italy, from banking to signing a lease.

• Book an appointment: Some branches require scheduling in advance, especially in big cities.

• Ask for English support: Many urban branches (Rome, Milan, Florence, Bologna) have English-speaking staff.

• Bring paper copies: Banks often require printed copies of your ID, proof of address, and tax number.

• Compare fees: Most banks charge small monthly fees (usually €3–€8) for maintenance. Student or online accounts are often cheaper.

• Use SEPA transfers: Eurozone transfers are fast, secure, and usually free.

• Download the app: Most banks have mobile apps for easy balance checks, transfers, and bill payments.

• Bank hours: Branches typically open Monday–Friday, 8:30 AM to 1:30 PM and 2:30 PM to 4:30 PM.

Final Thoughts

Opening a bank account in Italy is an important step toward managing your life efficiently while enjoying everything the country has to offer. Once you have your Codice Fiscale and residence proof ready, most banks will guide you smoothly through the process.

Traditional banks like UniCredit and Intesa Sanpaolo are excellent for full-service needs, while BancoPosta, N26, and Revolut are perfect for simpler, low-fee banking.

With your documents in order and a little patience, you’ll be ready to handle your finances like a true Italian, semplice e sicuro.