Top 5 Best Banks for Expats in Italy
Moving to Italy brings the charm of la dolce vita — but it also requires navigating a complex financial system that isn’t always intuitive for newcomers. Whether you’re relocating for work, retirement, or lifestyle, setting up a reliable Italian bank account is an essential first step to feeling settled.
At RushRadar, we understand that expats need more than just a local branch — they need online-friendly banking, multi-language support, low fees, and international compatibility. Here’s our curated list of the five best banks for expats in Italy, led by Fineco Bank for its unbeatable mix of innovation and expat-friendly features.
1. Fineco Bank – Best Overall for Expats
Fineco stands out as the top choice for expats thanks to its seamless blend of modern digital banking and access to one of Italy’s most respected financial institutions. It’s consistently ranked among Italy’s most efficient banks and offers a streamlined, English-friendly onboarding process — a rarity in the Italian banking world.
Key Features
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Fully online account opening (also from abroad).
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English-language customer support and app interface.
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No monthly fees on the standard account.
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Integrated investment platform and trading tools.
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Low-cost SEPA and SWIFT transfers.
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Debit cards available for international use.
Why Expats Love It
You can open your account remotely before arrival, the mobile banking experience rivals top fintechs, and Fineco’s transparent pricing is a breath of fresh air in a market often bogged down by opaque fees.
Best for
Digital-savvy expats, remote workers, and freelancers who want a modern, accessible, and low-hassle Italian banking experience.
2. Illimity Bank – Best for Digital-First Expats
Illimity is one of Italy’s most promising digital banks. With no physical branches, it caters entirely to those who prefer online financial management. For expats comfortable with tech, it’s one of the most efficient and user-centric banks on the market.
Key Features
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100% digital account opening via app.
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Competitive interest on current and savings accounts.
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No maintenance fees for standard use.
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Intuitive mobile banking dashboard.
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Free SEPA transfers and Mastercard debit card.
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Virtual cards and smart budgeting tools.
Why Expats Love It
Illimity’s interface is one of the sleekest in Italy, and it supports multi-device management with strong security. It’s ideal if you’re already managing most of your finances online and want to avoid the traditional branch model.
Best for
Tech-forward expats who don’t need branch access and want low-fee, mobile-first banking.
3. BBVA Italy – Best for Digital Simplicity
BBVA, the Spanish banking giant, has expanded its footprint in Italy with a digital-only offering tailored to modern consumers. While relatively new in Italy, its international reputation and competitive product lineup make it a strong choice for expats.
Key Features
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Fully digital account setup in minutes.
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Zero-fee account and card options.
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Free ATM withdrawals across the Eurozone.
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Spanish-language support (plus Italian and English interfaces).
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High-quality mobile app.
Why Expats Love It
BBVA Italy is ideal for Spanish-speaking expats, particularly from Latin America or Spain, who are already familiar with BBVA’s brand and want a smooth, no-fee banking experience.
Best for
Spanish-speaking expats, digital nomads, and students looking for simplicity and zero fees.
4. IBL Banca – Best for Savers and Retirees
IBL Banca is not a digital disruptor like others on this list, but it’s highly respected in Italy for offering strong savings options and conservative financial products. It’s a good fit for retirees or long-term expats looking to earn interest and keep things low-risk.
Key Features
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High-yield fixed and flexible savings accounts.
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Solid reputation for stability and customer care.
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English-speaking staff available at select branches.
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Less emphasis on daily banking, more on deposit products.
Why Expats Love It
IBL Banca appeals to expats who are less concerned with flashy apps and more focused on security, savings growth, and customer trust. It’s also well-suited to those managing pensions or transferring retirement income into Italy.
Best for
Retirees and financially conservative expats focused on savings and capital preservation.
5. Banca Sella – Best for Multinational Business
Banca Sella is a well-established private bank in Italy known for blending traditional service with digital innovation. It’s especially appealing to business owners, remote freelancers, or expats with more complex financial needs.
Key Features
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Multi-currency account options.
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Good international wire transfer rates.
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Business banking services available.
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Integrated fintech tools and APIs for entrepreneurs.
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Flexible account plans.
Why Expats Love It
Banca Sella offers tailored solutions, a strong online platform, and real human service when needed — an ideal balance for expats who run international operations or just want more control over how they bank.
Best for
Entrepreneurs, remote professionals, and expats with international financial needs.
What to Know Before Opening a Bank Account in Italy
Common requirements for expats
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Valid passport or EU ID card.
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Italian tax code (Codice Fiscale).
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Italian address (can be temporary).
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Proof of income or employment (optional, varies by bank).
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Residency permit for non-EU nationals (required at some banks).
Most banks still prefer in-person verification, but digital-only banks like Fineco, Illimity, and BBVA are simplifying remote onboarding — especially useful for those planning a move or living between countries.
Final Thoughts
Choosing the right bank as an expat in Italy depends on your lifestyle and financial habits. Whether you’re a freelancer working across borders, a retiree managing savings, or a digital nomad who wants everything mobile-first, Italy now offers solid options that rival top global institutions.
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Fineco leads for its mix of modern features and reliability.
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Illimity is ideal for the fully digital lifestyle.
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BBVA offers simplicity and is great for Spanish-speaking users.
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IBL caters to savers and long-term residents.
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Banca Sella brings flexibility and cross-border tools for more complex financial lives.
At RushRadar, we always recommend comparing features carefully and considering how each bank fits your unique situation — because the right bank should make your time in Italy smoother, not more complicated.
Nuno
As a filmmaker with extensive experience across multiple areas of content creation, my work has been featured internationally, and I’ve had the honor of serving as both a speaker and jury member at numerous prestigious events. However, in recent years, I’ve grown increasingly disillusioned with the direction of the art world, prompting a shift in my focus toward disciplines I believe will be pivotal for the future: cybersecurity, self-education, web design, and investing. These interests have culminated in the launch of RushRadar, a platform dedicated to exploring these vital topics and empowering others to navigate the evolving digital landscape.