Requirements for opening a bank account in Italy

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Why is it useful? First, because you get rid of the dreaded international fees. Every time you pay with your foreign card or withdraw cash, your bank applies fees that, although they may seem small, quickly add up. In addition, direct debiting payments such as rent, bills or taxes that you will have to pay in Italy as a foreigner , will be much easier with a local account.

On the other hand, opening an italy phone number library account can be key if you plan to work, open a business or invest in property. It is almost mandatory. Many companies and landlords require an Italian IBAN to make transfers or receive payments. Another thing to keep in mind is that Italian banks offer financial products exclusive to residents, such as mortgages, loans and savings tools. You will not be able to access them with a foreign account.

As you can see, opening an account in an Italian bank is a smart and almost necessary decision. But what do you need to open one? Can everyone have one? Will you need to arrange your residence in the country first? It is normal that doubts arise. The good news is that it is not a very complicated thing to do.

As long as you are clear about the documents you need to provide and choose the right bank. The requirements may vary a little between entities but, in general, most banks in Italy follow fairly similar guidelines. To make the process as smooth as possible, it is important that you have all the necessary documents in order.