Open a Corporate Bank Account in Italy

If you start a company in Italy in 2026, you will also need a corporate bank account. This page explains the key conditions for setting up such an account, and our company formation specialists can provide you with customized services.

Quick Facts
Use of a corporate bank account in Italy	For daily transactions in the firm, money deposit, investment and saving purposes
Formalities to open a corporate bank account in Italy	– soliciting a company’s representative for bank formalities; – presenting the tax identification number of the firm
Required documents	Company’s documents such as: – the Certificate of Incorporation, – the Certificate of Good Standing, – a valid passport of the director
Posibillity of setting a withdrawal limit	Yes, the company account can have varied settings, such as withdrawal limits on request.
Debit or credit card issued with a bank account	The owners and company directors can determine the type of card they will use.
Cash deposit to open a bank account	The minimum share capital can be deposited in a corporate bank account linked to the newly-formed company.
Fees to open a bank account	Some banks might impose specific fees for opening corporate accounts.
Banking services offered	– online transactions, – money transfers abroad, – balance verifications, – online payments in varied currencies
Possibility to open a bank account online	Yes, but some banks might require physical presence to sign the documents.
Maintenance fees related to the corporate bank account in Italy	Most of banks impose annual maintenance fees.
Overseas money transfers accepted	Yes, in varied currencies as established with the bank
Possibility to open an investment fund	Dedicated plans can be offered by the selected bank you work with
Currency exchange	Available service through the bank’s online platform
Offshore bank accounts	Yes, with multi-currencies and asset protection
We provide support to open a corporate bank account in Italy	Our local agents can help business owners set up corporate bank accounts in Italy by managing the paperwork and representing them with a power of attorney.
Age requirements to open a corporate bank account in Italy	– over 18 years old, – minors might be required to be accompanied by their parents or legal guardians
Regulatory institutions regarding banking in Italy	– Bank of Italy (Banca d'Italia), – European Central Bank (Single Supervisory Mechanism, for significant banks), – Consob (investor protection), – IVASS (insurance)
Timeframe for opening a corporate bank account	4 weeks (approx.)
Merchant services	You can open a merchant account for your business in addition to having a corporate bank account, focusing on handling electronic payments.
Escrow services	Your escrow account can be linked to your corporate bank account.
Transaction processing times	– immediately (for two accounts of the same bank), – 1 or more business days (interbank transfers), – instant transfer option (might require an additional fee)
Interest rates	Depends on the bank, account type, and amount of funds.
Transaction limits	– daily withdrawal limits, – daily spending limits, – international transfer limits, – custom limits, etc.
Account accessibility	You decide who has access to the corporate business account when you start the procedure.
Online banking services (YES/NO)	YES, most banks offer online banking services in Italy.
ATM fees	– withdrawal fee, – currency conversion and dynamic currency conversion (if applicable)
Closing a corporate bank account	If it respects the terms and conditions of your corporate bank account.
Other banking services in Italy	– loans, – pensions, – mortgage, – insurance, – wealth management, etc.
Banks in Italy	– Unicredit, – Banca Nazionale del Lavoro, – Intesa Sanpaolo, – Deutsche Bank Italia, – Mediobanca Premier (formerly CheBanca!), etc.
Advantages of opening a corporate bank account in Italy	– useful in the process of company formation in Italy, – provides financial management, – separates finances, – international transactions, – security, – cash flow management, etc.

Are there any restrictions on opening a bank account in Italy for foreigners?

No.

Is it mandatory to open a corporate bank account when starting a business, or can I use a foreign one?

Opening a company in Italy means having financial activities here. For this, an Italian corporate bank account is required.

What are the documents required for opening a corporate bank account in Italy?

the passport of the company director;
the proof of address of the director;
proof of business address in Italy;
info about the Ultimate Beneficial Owner (UBO);
VAT number & Fiscal Code (Codice Fiscale;
the company’s certificate of registration);
the certificate of good standing of the company;
the statements related to the good financial position of shareholders who own more than 20% of the company’s shares.

NOTE: Most banks in Italy will also ask for a business plan and financial records as part of the procedures of opening a corporate bank account.

Please explore this infographic about bank accounts for setting up a company in Italy:

Can I open a corporate bank account in Italy remotely?

Yes, through our representatives who will act on behalf of clients with a power of attorney.

Can a company representative open a corporate bank account in Italy?

Absolutely!

Are there any precautions for businessmen opening a bank account in Italy in 2026?

banks in Italy impose specific prerequisites such as Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations,
clients will also be required to provide information on capital contributions, financial statements, and contracts for verification purposes.

Are foreign currency payments allowed in Italy?

Yes, bank account holders can make payments in any currency, subject to bank policies. Tailored services can be offered.

Do I need to pay a fee for opening a bank account in Italy?

Most banks in Italy do not charge fees for opening a bank account. There might be other fees involved, but the bank normally displays such information.

Are there cases in which applications to open a corporate bank account in Italy might be rejected?

For:

missing documents,
imprecise source of funds,
incomplete information about the business and/or shareholders, etc.

Below, you can watch a video presentation we have prepared about how to open corporate bank accounts in Italy:

What types of services are available when opening a corporate bank account in Italy?

financial transactions in various currencies,
international money transfers,
online banking services,
corporate credit & debit cards, etc.

Are there any fees after opening a corporate bank account in Italy?

For:

International transfers,
Foreign exchange,
Monthly or annual maintenance,
Card fees, etc.

What is the time frame to open a corporate bank account in Italy in 2026?

About 2-6 weeks.

If you want to set up a corporate bank account in 2026 and need assistance, do not hesitate to contact our experts in company incorporation in Italy. Plus, our accountants in Italy are here to tell you more about the regulations for businesses established here. We can offer payroll in Italy at affordable prices.

Francesco Dagnino, Attorney at Law · 1 October 2026Francesco Dagnino is founder of Lexia Avvocati and has a P.h.D. in Corporate and Financial Markets Law from the University of Bologna.