Allianz Bank — Conto Vedo (Persone Fisiche) Vedo Start (fascia base · Posizione Globale < €10.000)
A plan byAllianz Bank — Conto Vedo (Persone Fisiche) · Mastercard
Data verified on unchanged since the sources
Worth it if you hold assets invested with Allianz: the paid tiers track 1-month Euribor and the account includes a free Mastercard debit and free online SEPA transfers.
Avoid it if you have no Allianz investments or want clear pricing: the fee runs from €0 to over €130 based on your Global Position, and it's opened only through an advisor.
Conto Vedo Persone Fisiche is the retail current account of Allianz Bank Financial Advisors, the Allianz group's advisory-network bank distributed through financial advisors. It is a genuine current account with an IBAN, an Allianz Bank Card international debit card (Mastercard) and SEPA transfers, but it is designed as a hub for investments: its pricing (fee and interest) depends on your Posizione Globale — the total of funds, portfolios, securities and policies held with Allianz Bank, recomputed monthly. Clients with few investments fall into the base bands (Vedo Start / Vedo 1), with a variable annual fee and no interest.
Vedo Start (fascia base · Posizione Globale < €10.000)
- Price
- €4
What's included
- Variable annual fee (0-€46.80 by average balance) + €34.20 stamp duty
- Free Allianz Bank Card (Mastercard) debit card
- SEPA transfers online €0 (€2.50 at a branch) · SDD €0
- ATM withdrawals in Italy €0; ATM outside euro area €3
- Non-interest-bearing (0.00%)
Data & conditions
| Account fee | €4 |
|---|---|
| IBAN | dedicato · IT · IT |
| Deposit guarantee | EU guarantee €100,000 |
| Multi-currency | No (single currency) |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | Yes |
| SEPA direct debit (SDD) | Yes |
| On-chain crypto withdrawal | No |
| SEPA transfer | Free |
| Card included | Allianz Bank Card (debito internazionale Mastercard) inclusa, canone €0 |
| Interest on balance | 0% |
| Network | Mastercard |
| ATM withdrawal | Free |
| Free ATM limit | ATM withdrawals in Italy (same and other bank) €0; ATM outside the euro area €3 |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Allianz group financial-advisory network bank · account as a hub for investments |
| MiCA / License status | Licenza bancaria (Albo Banche · ABI 3589) IT banking licence (Bank of Italy) |
Strengths
- Genuine supervised current account with a free Allianz Bank Card (Mastercard) debit card and ATM withdrawals in Italy at €0
- SEPA transfers free if ordered online (€2.50 at a branch); SDD direct debits free
- Interest-bearing bands (based on Posizione Globale) pay Euribor 1-month-linked interest
- Allianz group bank, supervised by the Bank of Italy, with FITD €100,000 deposit guarantee
- No notable sovereignty advantage documented.
Weaknesses
- Opaque, conditional pricing: the annual fee varies (indicatively from €0 to over €130) based on Posizione Globale and average balance — it must be read on the Fee Sheet case by case
- Advisory-first model: genuinely convenient only for those who bring invested assets to Allianz; a client without investments stays in the base non-interest bands
- Distributed through a financial advisor (off-premises offer), not a self-service comparator sign-up
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (IT banking licence (Bank of Italy)): reporting to authorities and freezes on order.
- FATF-aligned jurisdiction: strong cooperation with authorities.
- Closed source: no way to verify what it does with wallet and data.
Verdict
Conto Vedo is a supervised current account solid on protection: an Allianz group bank under the Bank of Italy, FITD €100,000 guarantee, free Mastercard debit card, ATM withdrawals in Italy and online SEPA transfers at €0. The score is held back by cost transparency: the fee is not a fixed number but depends on your Posizione Globale (assets invested with Allianz) and average balance, with a band matrix hard to compare at a glance; clients without investments stay in the base non-interest bands. It is an advisory-first account, convenient above all for those who concentrate their assets in the network.
Supervised bank account: custodial, full KYC, censorable and freezable by court order or AML obligation. The FITD guarantee and Bank of Italy supervision — strengths for protection — are exactly what distance it from the trustless model. No self-custody, no permissionless use: on the sovereignty lens it sits at the opposite pole from a self-custody wallet.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Allianz Bank — Conto Vedo (Persone Fisiche), and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
No known incidentSearch across public sources: no known hack, withdrawal freeze or regulatory action as of the verification date.
verified on
Public reviews
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App Store ↗
4.3/5
1,504 reviews
Home-banking app for all of Allianz Bank (account access, transfers, investments), not the Conto Vedo account alone. Exact figures from itunes.apple.com/lookup (country=it).
Weighted average across 1 public review platform (1,504 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
What does the Conto Vedo fee depend on?
On your Posizione Globale — the total of funds, portfolio management, securities and life policies held with Allianz Bank, recomputed monthly. It sets the band (Vedo Start up to €10,000, Vedo 2 between €10,000 and €50,000, Vedo 3 between €50,000 and €500,000, Vedo Oltre above €500,000) and with it the fee and interest. The annual fee must be checked on the Fee Sheet.
Is it a real current account or just an investment hub?
It is a genuine current account with an IBAN, a Mastercard debit card and SEPA transfers, but it is structured as a hub for the advisory relationship: the best conditions are reserved for clients holding investments with the bank.
Are deposits guaranteed?
Yes, by the Interbank Deposit Protection Fund (FITD) up to €100,000 per depositor. Allianz Bank Financial Advisors is supervised by the Bank of Italy (ABI 3589).
Sources
- Official service page Data verified on Jul 12, 2026