Close a Bank Account in Italy

This service is designed for expatriates, residents, or individuals with banking relations in Italy seeking to close their Italian bank accounts. 

It is particularly suitable for those transitioning to new financial institutions, handling a deceased relative's estate, simplifying their banking needs, or relocating from Italy.

To initiate the closure of a bank account in Italy, the account holder must have:

• A valid identification document.
• The account in a positive balance; accounts in deficit cannot be closed.
• Closure or transfer arrangements for any linked services like deposits, investments, or loans.

1. Consultation and Planning: Assess the client's banking situation, including any linked debts or services.
2. Preparation of Documents: Gather necessary documents and complete the bank's account closure form.
3. Formal Closure Request: Submit the closure request through the chosen method (in-branch visit, registered mail, or PEC if accepted by the bank).
4. Transfer of Funds: Manage the transfer of remaining funds to a new account, ensuring all direct debits and standing orders are redirected.
5. Confirmation of Closure: Secure official confirmation from the bank upon successful closure of the account.

• Customized Assistance: Tailored guidance through Italy’s unique banking procedures and requirements.
• Seamless Transition: Efficient management of funds transfer and linked services to ensure a smooth transition.
• Cost Transparency: Avoidance of unnecessary fees, in line with Italy’s consumer banking laws.

• No Bank Closure Fee: In compliance with Italian law (Decreto Bersani), no fees are charged by the bank for account closure.
• Handling of Linked Services: Assistance with closing or transferring investment accounts, loans, and other financial services.
• Document Management: Preparation and submission of all necessary paperwork for account closure.
• Multi-Owner Accounts: Coordinating with all parties involved in jointly held accounts.
• Compliance with Italian Banking Regulations: Ensuring all actions adhere to local laws and banking norms.