how to open a bank account in italy
TRANSCRIPT
How To Open A Bank Account In Italy - A Guide For Expats
Source: www.expatfocus.com
Banks in Italy “Banks in Italy range from co-operative banks, or banchi popolari cooperativi, to credit or commercial banks and also cooperative credit banks, or banche di credito cooperativo.”
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Source: www.expatfocus.com
The workplace for expat
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“Anyone can open a bank account in the country regardless of their citizenship status, though they must be aged over 18.” Im
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Source: www.expatfocus.com
The Banca Monte dei Paschi di Siena “The Banca Monte dei Paschi di Siena is the country's third largest bank - and the world's oldest - and the Intesa Sanpaolo is also a popular choice with expats since it has 5,600 branches...“
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Source: www.expatfocus.com
Opening a bank account in Italy
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“When it comes to opening a bank account in Italy, the most effective way is to turn up in person along with a passport, proof of address and a tax code, or codice fiscale, from the tax authorities… the code is usually issued on the same day.”
Source: www.expatfocus.com
Obtaining a tax code “Obtaining a tax code is also a straightforward process, but it entails visiting an office of the Agency of Revenue, or Agenzia delle Entrate. There are lots of these offices located around the country and the tax code is needed for most paperwork particularly when an expat starts a new job in Italy.“6
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Source: www.expatfocus.com
Resident’s bank account
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“For expats who have a work contract or residence permit, they can open a resident’s bank account and they will also need their tax code and identification documents.”
Source: www.expatfocus.com
€300 daily limit
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“Most banks have a €300 daily limit for the amount that can be withdrawn.”
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Source: www.expatfocus.com
Type of bank accounts
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“When it comes to the type of bank accounts, the most popular are current, which is also known as a checking account.”
Source: www.expatfocus.com
Open a bank account in your home country
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“It's also possible to open a bank account while the expat is in their home country, though they will need to find an Italian bank with a presence in their country.”
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Source: www.expatfocus.com
Not close your home bank account
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“Expats who are moving to Italy should not close their bank account in their home country if they are looking to return because opening a new account is more difficult than it used to be.”
Source: www.expatfocus.com
What is illegal?
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“It is illegal in Italy to bounce cheques and anyone doing so is likely to be prosecuted and banned from having a bank account. It's also illegal to postdate cheques and all cheques can be presented to a bank for payment on the day - regardless of the date on the cheque.”
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ThankYou