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Date: 2015-9-15 18:46:49

Bank account opening in Italy

Introduction to Italy

Italy is one of the most important countries in the European Union and it undoubtedly carries a tremendously rich cultural and historic heritage. Its good geographical position gives investors easy access to southern, central and northern Europe markets as well as to the ports of the Mediterranean. Many businesses that start in Italy are involved in trading or import and export activities.


How to open the bank account in Italy

Bank accounts can be opened in Italy by both residents and non-residents from 18 years of age.


Non-residents are entitled to a non-resident account (conto estero) only. Only foreign currency or imported euros may be paid into this account.


Foreigners working in Italy may open an account in order to pay in a salary and have a credit or debit card.


What kind of documents required for bank account opening in Italy


Tax number (Codice Fiscale)

Recent utility bill (as proof of address)

Residence card or proof of employment in Italy

It is not necessary to make an appointment to open a current account. Opening an account can be done in a day and methods of making payments (cash cards and cheque books) will usually arrive within two to three weeks of the account being opened.