Opening a bank account and renting property in Italy

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Opening a bank account and renting property in Italy


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Old 20th August 2019, 06:12 AM
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Default Opening a bank account and renting property in Italy

Hi,
Iím currently living in the UK, but plan to move to Puglia in Italy in October this year. We are flying out there in 2 days time to look for a property to rent in the Carovigno area while we build our house. If anyone has any advice or suggestions about renting and estate agents, I will gladly accept.
I also need to open a non-resident bank account while there. Any advice on which bank is best and what the process is?
Thanks

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Old 20th August 2019, 06:29 AM
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If you're moving why non resident? Is this just short term or are you intending not to get residence?

Non resident accounts are expensive and not all banks are offering them. Best to ask the banks near your future home. It wouldn't hurt to have the estate agent introduce you.

You know normal rental contracts can be three or four years?

Likely best if you post in the Italy forum.

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Old 20th August 2019, 06:52 AM
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Quote:
Originally Posted by NickZ View Post
If you're moving why non resident? Is this just short term or are you intending not to get residence?

Non resident accounts are expensive and not all banks are offering them. Best to ask the banks near your future home. It wouldn't hurt to have the estate agent introduce you.

You know normal rental contracts can be three or four years?

Likely best if you post in the Italy forum.
Thanks Nick, we need to open an account for the interim before we actually move as we have to have a bank account there in order to rent initially.

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Old 20th August 2019, 06:55 AM
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There are UK accounts that do SEPA transfers for a fee. At least last time I checked. Plus your landlord likely will take cash. The main reason I guess is if you want the utilities to be direct debit.

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Old 20th August 2019, 06:56 AM
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BTW if you're renting you can get residence. No point waiting if you're going to do it eventually in the same town.

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Old 20th August 2019, 08:35 AM
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I can't give you a comparative recommendation on banks, because we only use one. But we opened a non-resident account with UniCredit on the recommendation of an Italian friend and we've been pretty happy with them, mainly because they have quite good online access (which not all Italian banks do, it seems).

One restriction on non-resident accounts (on ours, anyway) is that you cannot make cash deposits into it from within Italy.

Be prepared for a lengthy session while setting up the account, with lots of forms to sign. We made the mistake of asking for an account in joint names, which meant going through the entire process twice! At the end of it you will be on first name terms with the staff.

And bring copies of every identity document you can think of, plus anything you have which identifies you in the UK tax system (like the social security number in America or the tax file number in Australia).

Good luck!

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Old 20th August 2019, 09:36 AM
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PS: Make sure you have a codice fiscale before you try and open a bank account. If you don't have one already you can apply through your nearest Italian embassy or consulate-general. I don't know the process for applying from inside Italy but no doubt someone on here will be able to tell you.


Last edited by Troz; 20th August 2019 at 09:40 AM.
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Old 20th August 2019, 10:19 AM
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CF just requires you to go to the nearest agenzia entrate office and filling out the paperwork. They'll give you a paper copy. Depending on the lineup it can take less than fifteen minutes. You won't get the plastic card until you have residence and have registered for health care.

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Old 20th August 2019, 10:24 AM
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Quote:
Originally Posted by NickZ View Post
Depending on the lineup it can take less than fifteen minutes.
Well that's quicker than doing it through a consulate-general, which took about ten days in our case. Make sure you have copies of identification documents, including birth and, if applicable, marriage certificates. Note that a married woman's CF will be issued in her birth name, even if she has changed her name on marriage. For some purposes this will require you to get an "apostille" attached to your marriage certificate.


Last edited by Troz; 20th August 2019 at 10:27 AM.
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Old 20th August 2019, 10:44 AM
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I can't imagine it's something the consulates do every day. OTOH the offices in Italy likely do it routinely.

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