Fineco Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Fineco Bank suits anyone who wants a euro account at an Italian bank with deposit protection and does not mind a standing charge. Its monthly fee of €3.95 sits above the €0 typical of everyday accounts here, so it suits a balance you plan to keep rather than free day to day banking.
Key facts
- Best for
- A euro balance kept at an Italian bank under EU deposit guarantee.
- Monthly fee
- €3.95↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Legal entity
- FinecoBank S.p.A.↗
- Headquarters
- Italy↗
- Official website
- finecobank.co.uk
Facts checked September 26, 2026, 2 sources
Pros and cons
Pros
- Deposits are covered by the EU deposit guarantee scheme: EU DGS up to EUR 100,000.
- The account sits with FinecoBank S.p.A., based in Italy, under the supervision of the Bank of Italy and Consob.
- A standing charge of €3.95 a month is published clearly, so the cost of holding the balance is easy to weigh.
Cons
- The monthly charge of €3.95 is the price of keeping the balance, so it only earns its place if the money stays.
- XTB, at €0, and Skrill, at €0, charge no monthly fee, so Fineco Bank loses on price alone.
- Protection stops at the scheme cap, since cover is EU DGS up to EUR 100,000, so larger balances sit outside it.
Who it suits
- Readers holding euros in Italy who want the balance under EU deposit guarantee.
- Anyone who puts weight on a named Italian bank, FinecoBank S.p.A., over a payment wallet.
- People with money they intend to leave in place rather than spend from weekly.
Who should look elsewhere
- XTB, at €0, if avoiding a monthly charge matters most.
- Skrill, at €0, for a wallet with no standing fee.
- AXI Card Tarjeta y Credito, at €0, when a free account is the goal.
Who runs it
Fineco Bank is the name the customer holds the account with, and the entity behind it is FinecoBank S.p.A., a company based in Italy. That is the part to weigh when judging how the account runs and who stands behind the balance. The account is with an Italian company, so the contract and the scheme protecting the deposits sit outside the UK.
How Fineco Bank compares
Skrill also lists €0 monthly, giving readers a fee free wallet to weigh against the €3.95 charged here.
Where Fineco Bank is available
- Available
- Italy
- Licence in Italy
- Bank of Italy and Consob, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Fineco Bank charge each month?+
The published fee for the account is €3.95. That is a standing charge rather than a set up cost, so it has to be weighed against what you keep in the account. Across everyday accounts on the site the typical charge is €0, so Fineco Bank sits at the paying end of the field.
Is my money protected at Fineco Bank?+
Deposits are covered by an EU scheme: EU DGS up to EUR 100,000. The cap is part of that cover, so a balance above it is not protected by the scheme. That makes the account a home for ordinary household money rather than a large lump sum sitting on one side.
Who is behind the account?+
The account is held with FinecoBank S.p.A., the legal entity behind the Fineco Bank name, and that company is based in Italy. It is an Italian company, so anyone opening an account is contracting with an Italian entity rather than a UK one.
Who regulates Fineco Bank?+
Supervision sits in Italy: the Bank of Italy and Consob are the regulators named for this provider. The entity they oversee, FinecoBank S.p.A., is headquartered in Italy, so a UK reader is dealing with an Italian regulated bank rather than a domestic one.
How does Fineco Bank rank on price?+
On monthly fee it sits low in the field: 440 out of 500 brands on the site. Its cost score is 1.5 against 1.5 overall, so the cost picture is the weak point rather than anything about how the account works.
Who is Fineco Bank a good fit for?+
It fits readers who keep euros in Italy, want the balance under EU deposit guarantee, and are content to pay a standing charge for that. It suits money that stays put rather than a balance spent from every week, and readers who prefer a named Italian bank to a payment wallet.
What do the comparison brands cost?+
All three comparison brands list no monthly fee: €0 for AXI Card Tarjeta y Credito, €0 for XTB and €0 for Skrill. That puts Fineco Bank's €3.95 behind on price alone, and the case for it rests on the deposit protection instead.
Sources
- images.finecobank.com/docs/pdf/pub/popup/trasparenza/fid_... checked September 26, 2026
Backs: Monthly fee
- uk.finecobank.com checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“Registered Office Piazza Durante 11, Milan 20131”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currency conversion fee, Currencies.