Italy
activeNeobank
- HQ
- Biella / Milan
- Fee
- Free SKU plus paid plans — confirm live
illimity
Italian bank, Banca Ifis group since 2025. FITD. SME credit, not a travel current account.
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6.5Mixed
AlternativesFive questions
At a glance
Is it a bank?
Yes — Italian bank — illimity Bank S.p.A., Banca Ifis group (Banca d’Italia / ECB). Still read the entity on the statement.
If it fails?
FITD up to €100,000 — now in the Banca Ifis group, so do not double-count the cap with Ifis
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Bank tariff — confirm live
Account number
IBAN is part of the pitch — issuing country not stored.
NeoBankDB Verdict
Licence first · score second
6.5
/10 · Mixed
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.
What it is
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.
Best for: Italy SMEs and depositors who want a named Banca d’Italia bank and already understand Ifis is the parent.
Last checked 2026-08-30. Not advice.
What it does well
- +Named Italian bank, albo 5710
- +FITD
- +Ifis acquisition completed 2025
- +Not an EMI
What to watch
- −Specialty lender more than lifestyle app
- −Shared-group cap maths with Ifis
- −Italy-resident
- −HYPE is no longer the JV
Who holds the money
The account
- Partner bank
- Banca Ifis S.p.A.
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- IBAN / SEPA
- Built for
- Personal · Business
- Settlement
- Local rails instant where live; SWIFT slower
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- illimity lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
FITD up to €100,000 — now in the Banca Ifis group, so do not double-count the cap with Ifis
Who holds the money: 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 logStatus
Banca Ifis acquired illimity
Italian bank, FITD. Albo 5710. Direct bank, not an EMI.
Available in
Straight answers
FAQ
01Is 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.
02How is money protected?
FITD up to €100,000 — now in the Banca Ifis group, so do not double-count the cap with Ifis
03Where is illimity available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with illimity.
04Card and wallets?
illimity lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open illimity remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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