Illimity Bank S.p.a.

Business Summary

Services
retail banking
loan management
Clients
natural persons
families
small and medium-sized enterprises
business entities
Products
current accounts
savings accounts (0.25 - 0.25 %)
time deposit accounts (0.50 - 1.35 %)
payment cards
business loans
factoring
Area Served
ITItaly
DEGermany

Illimity Bank S.p.a. provides products and services in the areas of retail banking, loan management. Illimity Bank S.p.a. offers a range of products including current accounts, savings accounts (0.25 - 0.25 %), time deposit accounts (0.50 - 1.35 %), payment cards, business loans, factoring. Illimity Bank S.p.a. makes its solutions available to natural persons, families, small and medium-sized enterprises, business entities.

Account Opening

Account Opening Procedure
completely online
performed within a few minutes

Opening an account with Illimity Bank S.p.a. can be done by performing the following steps: completely online. It usually requires about a few minutes.

Required Documents
passport
proof of address
application form

Illimity Bank S.p.a. requires the following documents to open a personal bank account: passport; proof of address; application form.

While opening a bank account Illimity Bank S.p.a. has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by Illimity Bank S.p.a. and the documents used are outlined below.

Identity Verification
passport
any one of the documents above
Address Confirmation
proof of address
any one of the documents above
Current Occupation
Income Source
Forms
application form
all the forms from above

Illimity Bank S.p.a. may require additional documentation or information depending on the case.

Ways to Bank

Business Channels
online banking online banking
mobile app mobile app

Illimity Bank S.p.a. operates as a direct bank without a branch network. Products and services offered by Illimity Bank S.p.a. are available via online banking, mobile application.

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Illimity Bank S.p.a. offers the following savings accounts.

Updated on 29 October 2020

Tagesgeld
Sales Region
DEGermany
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
0.25 %
Deposit Term
1 - 99 months
Savings Account Details
Product Name
Tagesgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.25 %
Max. Interest Rate (p.a.)
0.25 %
Min. Deposit Term
1 month
Max. Deposit Term
99 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Savings accounts made with Illimity Bank S.p.a. are covered by deposit guarantee scheme of Italy up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on savings accounts by non-residents of Italy is not taxed. Interest gained on savings accounts by residents of Italy is taxed at 20.00% rate. When the interest is paid, this tax is automatically withhold by Illimity Bank S.p.a. from the savings account.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Illimity Bank S.p.a. offers the following time deposit accounts.

Updated on 29 October 2020

Festgeld
Sales Region
DEGermany
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
0.50 - 1.35 %
Deposit Term
6 - 120 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
1.35 %
Min. Deposit Term
6 months
Max. Deposit Term
120 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with Illimity Bank S.p.a. are covered by deposit guarantee scheme of Italy up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Italy is not taxed. Interest gained on time deposit accounts by residents of Italy is taxed at 20.00% rate. When the interest is paid, this tax is automatically withhold by Illimity Bank S.p.a. from the time deposit account.

See Also

Similar Banks

Igea Digital Bank S.p.a. Logo Igea Digital Bank S.p.a.
universal banking
Imprebanca S.p.a. Logo Imprebanca S.p.a.
retail banking
Interbanca S.p.a. Logo Interbanca S.p.a.
corporate finance
Intesa Sanpaolo Private Banking S.p.a. Logo Intesa Sanpaolo Private Banking S.p.a.
private banking, asset management

See Also

Related Articles