Best illimity alternatives

#1 alternative

HYPE

active

Banca Sella brand. Italian IBAN. FITD follows Sella. illimity sold its 50% in 2025.

4.6

Biella / Milan · ~1.5 million · Banca Sella group

7.1Solid

HYPE is a Banca Sella brand. Banca Sella bought illimity’s 50% in November 2025 and set a merger-by-incorporation for March 2026. The IBAN and FITD follow Sella, not a startup charter. If you already hold Sella, this is not a second €100k pot. isybank is Intesa. Different groups. Different caps.

Best for: Italy residents who want a Sella IBAN in a blue app and do not already sit at Sella for the cap.

Licence

Commercial brand of Banca Sella — FITD group

Protection

FITD up to €100,000 — HYPE is a Banca Sella brand, so do not double-count the cap with other Sella deposits

Monthly

Free SKU plus paid plans — confirm live

#2 alternative

isybank

active

Intesa Sanpaolo digital bank. FITD. Italian IBAN. Shared-group cap with Intesa.

4.5

Milan · Intesa digital arm · Intesa Sanpaolo

7.0Solid

isybank S.p.A. is Intesa Sanpaolo’s digital bank — the 2023 rebrand of Banca 5, itself ex Banca ITB. FITD. Italian IBAN. Intesa spent hundreds of millions and annoyed branch customers by moving them. HYPE is Sella. Fineco is Fineco. This is Intesa in a light-blue coat. Shared cap.

Best for: Italy residents who want Intesa FITD in a new app and do not already sit at Intesa for the cap.

Licence

Italian bank — isybank S.p.A., Intesa Sanpaolo group (ex Banca 5 / Banca ITB)

Protection

FITD up to €100,000 — Intesa Sanpaolo group. Do not double-count with an Intesa current account.

Monthly

Plan-priced — confirm live

#3 alternative

Banca Widiba

active

Montepaschi’s digital and advice bank. Banca d’Italia / ECB. FITD. Italian IBAN.

Milan · MPS digital + advisor network · Montepaschi group

7.0Solid

Banca Widiba S.p.A. is the digital and financial-advisory bank of the Montepaschi group. Banca d’Italia / ECB. FITD consortium member. An Italian IBAN at a bank. N26 is a German IBAN. Different objects. If you already hold Montepaschi, treat the FITD cap as a group question.

Best for: Italy residents who want a bank IBAN plus an advisor, not a Lithuanian EMI.

Licence

Credit institution — Banca Widiba S.p.A. (Wise Dialog Bank)

Protection

Italian FITD up to €100,000 per depositor per bank — MPS group, so do not assume a second cap next to a Montepaschi salary account

Monthly

Account packs — confirm live

#4 alternative

N26

active

German bank account with a Mastercard, built as a phone.

4.5

Berlin · 8M+ · ~$1.8B raised

7.8Solid

If you need a German/SEPA current account, N26 is still the reference neobank. Score it as a bank, not as a travel card. Revolut and Wise beat it the moment you leave the euro.

Best for: Euro-zone residents who want a real German bank IBAN in a clean app.

Licence

Credit institution (CRR bank)

Protection

German statutory deposit guarantee up to €100,000 at N26 Bank SE (N26 homepage).

Monthly

Free Standard · Smart/You/Metal paid

#5 alternative

Yuh

active

Yuh is not a bank. Swissquote Bank Ltd is. esisuisse cover is CHF 100,000, shared.

Gland · Swiss all-in-one app · Swissquote (100% after July 2025)

7.6Solid

Yuh is not a bank. The English homepage says it in one paragraph: Swissquote Bank Ltd provides the banking, FINMA authorises that bank, and esisuisse cover is CHF 100,000 shared with Swissquote. July 2025 ended the PostFinance joint venture. If you already hold cash at Swissquote, do not count CHF 100,000 twice. Zak is Bank Cler. Neon sits at Hypothekarbank Lenzburg. Read those files separately.

Best for: People who live in Switzerland and want spend plus invest, and who accept Swissquote as the bank.

Licence

Fintech app — not a bank

Protection

Yuh itself is not a bank. Banking sits at Swissquote Bank Ltd, FINMA-authorised. esisuisse covers eligible deposits up to CHF 100,000. Yuh and Swissquote are one entity, so the cap is shared.

Monthly

No fees whenever possible — live list on yuh.com/en/pricing

#6 alternative

Chase UK

active

J.P. Morgan Europe Limited trading as Chase. UK bank, PRA/FCA, FSCS up to £120,000.

London · UK digital bank · JPMorgan Chase

7.6Solid

Chase UK is a bank. The legal name is J.P. Morgan Europe Limited. PRA-authorised, FCA-regulated, FSCS up to £120,000. It is a useful UK current account with honest travel spend. It is not Revolut’s multi-country stack and not a US Chase login. UK tax residents only.

Best for: UK residents who want a JPMorgan current account in an app, with FSCS, and cheap travel spend.

Licence

UK bank

Protection

FSCS up to £120,000 per depositor per bank (Chase UK FSCS page) at J.P. Morgan Europe Limited.

Monthly

£0