Where should I setup a bank account in Italy?
We asked expats in Italy what banks they use and there advice about banking. They advised...
"1. It is important to research the Italian pension system to ensure you are eligible to receive benefits. 2. Consider learning Italian to facilitate communication with the local population and to better understand the local culture. 3. Be sure to obtain your residence permit in advance of your planned retirement date. 4. Familiarize yourself with the healthcare system to ensure you have the necessary insurance coverage. 5. Research the cost of living in different regions to ensure your pension or savings will cover your monthly costs. 6. Consider the impact of the climate on your decision to retire to a particular region in Italy," commented one expat who made the move to Italy.
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"No - I could not find a bank that had any useful or additional services compared to my current bank (Fleet-Boston), although this is not saying much. As such, I kept my same Fleet acount, and opened a local bank acount in Italy to pay local expenses. The "expat" services I use are the internet banking (essential) and a wire transfer service since I am paid in dollars in my US account, but I have an Italian bank account for local expenses," remarked another expat in Turin, Italy.
- What should I pack when moving to Italy?
- Where should I setup a bank account in Italy?
- Will I be able to find a job in Italy?
- What is life like in Italy?
- What do expats in Italy appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Italy?
- Is there a lot of diversity? Are people in Italy accepting of differences?
- What are the schools in Italy like?
- What are healthcare services like in Italy?
- What are medical services in Italy like?
- Are healthcare and health insurance expensive in Italy?
- What are emergency services like in Italy?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Italy?
- How are local medical facilities in Italy?
- As a foreigner living in Italy, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Where should I setup a bank account in Italy?If you live in Italy, newcomers to Italy would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.