Webank S.P.A. is a direct bank offering retail banking products and services via direct channels like Internet. Being a direct bank, Webank doesn't have to maintain a costly branch network and hence can offer its products and services at competitive prices. Webank operates as a subsidiary of Banca Popolare di Milano.
Webank S.p.a. participates in the deposit guarantee scheme of Italy. This deposit guarantee scheme applies to current accounts, cash accounts, time deposits made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Webank S.p.a. is a member of Interbank Deposit Protection Fund and makes its contributions into it.
Webank S.p.a. is headquartered in MILANO.