illimity

Italian bank, Banca Ifis group since 2025. FITD. SME credit, not a travel current account.

Rate this app

6.5Mixed
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Our take

Desk verdict

illimity Bank S.p.A. is an Italian bank. Banca Ifis completed the public offer in 2025 and sits as sole shareholder. FITD applies. The live homepage is corporate credit, not weekend FX. HYPE was the 50/50 consumer JV — Sella bought that stake. Do not confuse the two files.

Corrado Passera’s 2018 specialty bank. Listed, then taken over. Directories keep an ‘Italian neobank’ tile. This desk keeps a Banca d’Italia file inside Ifis. Albo delle Banche n. 5710.

illimity lists Italian bank — illimity Bank S.p.A., Banca Ifis group under Banca d’Italia / ECB in Italy. On safeguarding we currently write: FITD up to €100,000 — now in the Banca Ifis group, so do not double-count the cap with Ifis. Holder / issuer line: illimity Bank S.p.A. (sole shareholder Banca Ifis S.p.A.). An AML programme is claimed. Local bank details (IBAN / sort code / equivalent) are part of the pitch. We list 1 live markets on the product. As we score the sticker: monthly Bank tariff — confirm live; FX Not a travel bank; ATM Network schedule. This desk would open it for: Italy SMEs and depositors who want a named Banca d’Italia bank and already understand Ifis is the parent.

What it does well: Named Italian bank, albo 5710; FITD; Ifis acquisition completed 2025. What to watch: Specialty lender more than lifestyle app; Shared-group cap maths with Ifis; Italy-resident. Desk score 6.5 / 10 (safety 7.8, fees 6.8, features 6.6, app 7.0). Last verified 2026-08-30. Headquartered in Milan, Italy; founded 2018. None of this is advice — it is a file so you can read the entity before the card colour.

Best for: Italy SMEs and depositors who want a named Banca d’Italia bank and already understand Ifis is the parent.

Pros

  • +Named Italian bank, albo 5710
  • +FITD
  • +Ifis acquisition completed 2025
  • +Not an EMI

Cons

  • Specialty lender more than lifestyle app
  • Shared-group cap maths with Ifis
  • Italy-resident
  • HYPE is no longer the JV

Account facts

Partner bank
Banca Ifis S.p.A.

How it actually works

Custody
Bank balance
Local rails
IBAN / SEPA
Built for
Personal · Business
Settlement
Local rails instant where live; SWIFT slower
Review risk
Bank-grade; still not freeze-proof
Pay surface
mastercard · physical · virtual · Apple Pay · Google Pay

Safety

FITD up to €100,000 — now in the Banca Ifis group, so do not double-count the cap with Ifis

Holder / issuer: illimity Bank S.p.A. (sole shareholder Banca Ifis S.p.A.)

  • Banca d’Italia / ECBItalian bank — illimity Bank S.p.A., Banca Ifis group · Italy · 5710

Fees

Monthly
Bank tariff — confirm live
FX markup
Not a travel bank
ATM
Network schedule

Features

  • IBAN
  • Fee-free core
  • Multi-currency
  • Apple Pay
  • Google Pay
  • Virtual card
  • Physical card
  • Metal card
  • Crypto
  • Stocks
  • Business
  • Kids
  • Halal
  • Italian bank
  • SME / distressed-credit heritage
  • Direct deposits
  • FITD
  • Ifis group

Score

Safety25%
7.8
Fees20%
6.8
Features15%
6.6
App15%
7.0
Global15%
3.4
Support10%
6.4

Change log

Full log
  1. Status

    Banca Ifis acquired illimity

    Italian bank, FITD. Albo 5710. Direct bank, not an EMI.

Available in

FAQ

01

Is illimity a bank?

illimity holds a banking-style licence (Banca d’Italia / ECB). Still read the legal entity on the statement, not the app icon.

02

How is money protected?

FITD up to €100,000 — now in the Banca Ifis group, so do not double-count the cap with Ifis

03

Where is illimity available?

We list 1 market desk on the desk. Residency and onboarding rules still sit with illimity.

04

Card and wallets?

mastercard · physical · virtual · Apple Pay · Google Pay

Ratings and reviews

No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.

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Used illimity?

Stars plus a short note. We publish after a desk read. “Verified user” is our tick, not yours.

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