How to Open an Italian Bank Account as an Erasmus Student
2026-2027 guide: a side-by-side look at Intesa Sanpaolo, UniCredit and Revolut. Skip the fees and get your Italian card without the stress.
Arriving in Italy is exciting: pizza, art, the people... and then comes the paperwork. Opening a bank account is one of the first hurdles you will face. Do you really need an Italian IBAN? Yes, especially if you are about to receive an Erasmus+ grant, pay rent for your room or sign up for internet at home. In this updated guide for the 2026-2027 academic year, we break down the best Italian student bank account options for Erasmus students.
assignment What you need in 2026
Before you walk into the branch, make sure your folder has these documents:
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account_balance 2026-2027 comparison: the three big options
Intesa Sanpaolo
XME Account- check_circle Free physical debit card
- check_circle Thousands of branches and ATMs nationwide
- cancel App is sometimes Italian only
UniCredit
Genius Card- check_circle IBAN included with the prepaid card
- check_circle Easy to open for foreign students
- cancel Top-up fees apply
Revolut
Standard plan- check_circle Open it in 10 minutes from your phone
- check_circle Excellent currency exchange rates
- cancel Your IBAN may be Lithuanian (LT) or Spanish (ES), not Italian
Looking for a flat in Italy?
Don't risk getting scammed. Book verified rooms with Lupo Rooms and get the rental contract you need at the bank.
Fees and small print in 2026
Italian banks are famous for the "Imposta di Bollo". It's a state tax of €34.20 per year that kicks in once your balance goes above €5,000.
Also watch out for cash withdrawal fees at other banks' ATMs. With Intesa (under 35) it is usually free, but always double-check. Conditions for the 2026-2027 academic year remain broadly the same.
Frequently asked questions
Can I open the account before arriving in Italy? expand_more
Generally no with traditional banks — they need to verify your identity in person. Revolut and N26, however, do allow remote sign-up from your home country.
How long until I get the card? expand_more
Physical cards arrive by post in 1-2 weeks. Virtual cards are usually available immediately in the app.
Is it really necessary for the 2026-2027 academic year? expand_more
Yes — it is still required to receive your Erasmus+ grant, pay rent and set up everyday utilities in Italy.
Ready for your Erasmus?
Round off your prep by securing the right place to stay.