Can I open a bank account as a non-resident
of Italy?
Yes, you can open a non-resident account. Make sure to gather all the required documents in advance to make it a smoother process.
What's the process?
To get started, you’ll need to fill out a bank opening request form, which can be sent by mail or in person. Since Italian banking schedules can be quite restrictive, it’s a good idea to consider opening an account close to your home or workplace.
Be sure to compare rates for different banks, especially for international money transfers, which can be especially high. It’s also important to be aware that Italy’s banks are fairly expensive for consumers. In fact, it’s not uncommon for Italians living in rural areas to have no bank account at all, a phenomenon that’s almost never the case in other European countries.
What documents are necessary for a foreigner to open a bank account?
To open an account, the most important thing to bring is a valid identity document. The more of the following you have, however, the less likely you’re to have to make a second trip:
- A valid identity card for each person opening an account (in case of joint account)
- Each account holder’s tax code
- Proof of address
- A certificate of residence (for some banks with internal regulations)
Can I open a bank account abroad? What about at least online?
Unfortunately, it’s not really possible to open a bank account online in Italy, especially as a foreigner. If you can’t make the trip to get your banking set up, however, it’s still possible to make it happen. You’ll need to retain a lawyer and give them power of attorney. After that, they’ll be able to handle the process for you.
