Illimity Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Illimity Bank is an Italian digital bank for people who bank in an app and want joint access. The trade-off is cost: the Classic account charges €3 a month, and free ATM withdrawals stop at €3. Banked by Banca d'Italia, deposits sit under EU DGS up to EUR 100,000.
Key facts
- Best for
- Italian residents who want an app-led current account with joint access.
- Monthly fee
- €3↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Local account details
- IBAN↗
- Free ATM withdrawals
- €3↗
- Transfer fee
- Free↗
- Legal entity
- illimity Bank S.p.A.↗
- Headquarters
- Italy↗
- Founded
- 2018↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Features
- Free ATM withdrawals, Joint account, Digital-only
- Official website
- illimity.com
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- LinkedInXyoutube.com
Pros and cons
Pros
- Deposits sit under EU protection of EU DGS up to EUR 100,000.
- Transfers are free.
- Support runs on email, chat and phone, covering phone, chat, email and a help centre.
- A joint account is offered, and details include a iban.
Cons
- The Classic account charges €3 a month, where the site median is €0.
- Free ATM withdrawals stop at €3.
- The account is digital-only, so no branch counter sits in the listed features.
Who it suits
- Italian residents who bank mainly through an app and want a joint account
- People who want a named bank under Banca d'Italia with deposit protection
- Anyone happy to pay a monthly fee for free transfers and a small ATM allowance
Who should look elsewhere
- Cash-heavy users, since free ATM cover stops at €3
- Varo Visa Debit Card users, which charges a monthly fee of $0
- Crezu ES users, which charges a monthly fee of €0
How Illimity Bank compares
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8.6 vs 8.1- 8.6 vs 8.1
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8.6 vs 8.0
8.6 vs 8.0
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Where Illimity Bank is available
- Available
- Italy
- Licence in Italy
- Banca d'Italia (Albo delle Banche) (5710), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does the Illimity Bank account cost each month?+
The Classic account charges €3 a month, and transfers are free, so the standing fee is the main running cost. Most brands compared charge €0, which is where the gap shows.
Is my money protected at Illimity Bank?+
The bank is supervised in Italy by Banca d'Italia, which lists it in the Albo delle Banche. Deposits are covered by EU DGS up to EUR 100,000, so eligible balances sit inside the EU scheme rather than outside it.
How many free ATM withdrawals do I get?+
Free ATM withdrawals run to €3. Cash beyond that allowance is likely to cost more, so the account suits people who withdraw rarely and pay for spending by card instead of taking money out often.
Can I open a joint account?+
A joint account is one of the listed features, next to free ATM access and a digital-only setup. Two people can hold the account together, which suits shared bills and household money kept in one place.
What support can I reach?+
Support runs on email, chat and phone, so phone, chat, email and a help centre are all listed. Phone and help centre are the most common channels across the site, so a question can be answered without an appointment.
Who is the account for?+
It is built for Italian residents: the legal entity is illimity Bank S.p.A. and the bank is headquartered in Italy. Account details include a iban, so euro payments work in the usual way from Italy.
Sources
- it.wikipedia.org/wiki/Illimity checked September 26, 2026
Backs: Founded
“Founded 2018 in Milan”
- illimity.com/it/chi-siamo checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“Head office: Via Soperga 9 - 20127 Milan”
- illimitybank.com/it/conto-classic checked September 26, 2026
Backs: Free ATM withdrawals, Monthly fee
“3 free withdrawals per month in the Euro area (Conto Classic)”
- illimitybank.com/it/supporto checked September 26, 2026
Backs: Support channels
“Take a phone appointment (reserved for Conto Premium holders) / Write to us in chat / Write to us an email”
- illimitybank.com/it/supporto/conti checked September 26, 2026
Backs: Features, Local account details, Transfer fee
“In the Euro area there are 3 free withdrawals per month of a minimum amount of 100 EUR (Conto Smart and Conto Classic)”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currency conversion fee, Currencies.
Related by the facts
Illimity Bank
Italian residents who want an app-led current account with joint access.