Having a bank account in a foreign country where you study or work is practical, obviously. Particularly when that country in question is Italy, which is notorious for its pickpockets. Better safe than sorry, I thought, and decided not to carry much cash in any circumstance.
But you can’t possibly withdraw 10-20 euros every other day from a foreign account, right? Think about the exchange rate, the commission, and the bother of having to look for the right ATM. So the best option is: a Bancomat card connected to an Italian bank account.
The debit card service that allows you a relatively free deposit and withdrawal pretty much all over Italy is called Bancomat. Any ATM that has this sign will work with the Bancomat cards. It can be issued to anyone with an Italian bank account, now the problem is how you open an account in Italy.
I haven’t been through it yet, so I cannot tell you about the detailed process. But I found out that you need something called “Codice Fiscale,” which translates into tax code.
The following are the 4 things yon need to have with you at the bank to open an account;
- Codice Fiscale – tax code
- Proof of address in Italy(a bill usually suffices)
- Proof of employment in Italy or a residence permit
But usually, residence permit holders are not asked to provide the tax code. Please do inform me if the residence permit comes with a code in itself, thanks!
It doesn’t necessarily have something to do with the duty, but it’s still required for opening a bank account. If you bring your passport along with you and fill out a form, it can be issued from any tax office in Italy. But Italian offices are not particularly an attractive option. The tax code can also be issued via the Italian Embassies in foreign countries, too!
So you’re halfway there if you have a passport and a tax code! Please do wish me luck for the rest of my journey to getting an working bank account in Italy.
Hopefully it won’t take as long as it did in Holland. Dutch banks are usually very foreigner-friendly, but something went wrong and I had to wait a whole month until I got my Betaalpas..