Banca Ifis — Rendimax Conto Corrente
Banca Ifis S.p.A. · Mastercard
Rendimax Conto Corrente is Banca Ifis's genuine retail current account — distinct from the better-known Rendimax Conto Deposito savings account — with an Italian IBAN, a Mastercard debit card and full SEPA operability. It is a 100% online account (no cash-desk branches): €0 account-keeping fee, free debit card, first 5 ATM withdrawals of the month free in Italy and the EU, and the first SEPA transfer of the month free. It pays 0.20% gross on balances. Reserved for consumers resident in Italy, up to two joint holders; no cheques, no cash deposits at a branch and no extra-SEPA operations.
Data & conditions
| Account fee | Free |
|---|---|
| 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 | Carta di debito Rendimax (Mastercard) inclusa, canone €0 |
| Interest on balance | 0.2% |
| Network | Mastercard |
| ATM withdrawal | Free |
| Free ATM limit | First 5 withdrawals of the month free (Italy and EU), from the 6th €2; no own branches, Mastercard card on other banks' ATMs |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Specialist bank (NPL, factoring, leasing) · retail limited to the Rendimax range · listed (IF) |
| MiCA / License status | Licenza bancaria (Albo Banche n. 5508 · ABI 03205) IT banking licence (Bank of Italy) |
Plans & pricing
Strengths
- €0 account-keeping fee and free Mastercard debit card: fixed cost limited to stamp duty only (€34.20/year above €5,000 balance)
- First SEPA transfer of the month free and first 5 ATM withdrawals of the month at €0 (Italy and EU); SDD direct debits at €0
- Interest-bearing account: 0.20% gross per year on deposited funds
- Bank supervised by the Bank of Italy with FITD deposit guarantee up to €100,000
- No notable sovereignty advantage documented.
Weaknesses
- From the second SEPA transfer of the month you pay €1, and from the sixth ATM withdrawal €2: the free tier is a franchise, not unlimited
- Online-only and EUR/SEPA-only account: no cheques, no cash deposits, no extra-SEPA transfers and no cash desk
- Niche product tied to the Rendimax brand; easy to confuse with the same-name deposit account, which is NOT a current account
- 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
Rendimax Conto Corrente earns a good score: it is a genuine current account (often confused with the Rendimax deposit account) with a €0 fee, a free Mastercard debit card, SDD at €0 and 0.20% gross interest, from a bank supervised by the Bank of Italy with the FITD €100,000 guarantee. Fixed cost is reduced to stamp duty alone. The limits are structural: franchise-based free tiers on transfers (from the 2nd of the month €1) and withdrawals (from the 6th of the month €2), online-only and SEPA-only operation, no cheques or cash at a branch. A solid, cheap account for digital-first users.
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.
FAQ
Is Rendimax Conto Corrente a real current account or a deposit account?
It is a genuine current account with an Italian IBAN, a Mastercard debit card, SEPA transfers and direct debits. It must be kept distinct from Rendimax Conto Deposito, which is a savings account with no payment-operative IBAN.
How much does the account cost?
The account-keeping fee is €0 and the debit card is free. You only pay statutory stamp duty (€34.20/year for average balances above €5,000). From the second SEPA transfer of the month the cost is €1 and from the sixth ATM withdrawal €2.
Are deposits guaranteed?
Yes, by the Interbank Deposit Protection Fund (FITD) up to €100,000 per depositor. Banca Ifis is registered in the Bank Register no. 5508 and supervised by the Bank of Italy.
Sources
- Official service page Data verified on Jul 12, 2026