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Community question

Can a Russian citizen open a bank account in Italy?

Theme: Banks and money · from messages of 2024-2025

In short

Opening a bank account in Italy with Russian citizenship is difficult but possible in some cases.

What the chats answered

Opening an account in Italian banks for Russian citizens can be challenging. Some banks may refuse due to internal policies or sanctions, but this is not a legal basis for refusal. For instance, an account was opened at UniCredit, but the process took about three weeks due to system blockage.

Some participants report that they managed to open an account, but this depended on the specific bank and consultant. It's important that the manager is willing to help, as the system may block applications based on place of birth or surname.

There is also the option to open an account at the post office, which may be easier than at a bank. However, even in this case, delays and additional checks may occur, especially if you have Russian citizenship.

Some banks, like Intesa, do not block accounts solely based on citizenship but may restrict cash operations and transfers. It's important to clarify the conditions in each specific case.

Built from 6 similar questions and 13 answers across 3 chats; retold and anonymised, disagreements kept as a spread of opinions.

Where to verify

The current procedure and amounts are on interno.gov.it; the answers above are community experience from different years. Short curated answers on the theme - FAQ: Banks and money.

Related questions

This retells what chat members wrote; it is not official information and not legal advice.