Banca MPS — Conto MPS Mio Modulo Extra
A plan byBanca MPS — Conto MPS Mio · Mastercard
Data verified on unchanged since the sources
Worth it if you credit your salary (≥€700) or are under 30: stackable discounts zero out the fee and online SEPA transfers are free and unlimited.
Avoid it if you don't qualify for discounts: the fee bites (Plus €10, Extra €12/month plus €34.20 stamp duty) and the account pays no interest.
MPS Mio is the modular retail current account of Banca Monte dei Paschi di Siena, the world's oldest bank still operating (1472). You pick one of three modules — Easy €4/month (new customers only), Plus €10/month and Extra €12/month — switchable for free at any time. Free unlimited online SEPA and instant transfers on all modules, Mastercard debit card included at €0. Stackable monthly discounts can zero the fee: −€2 under 30, −€2 with salary/pension crediting or inflows ≥€700/month, plus discounts for additional products.
Modulo Extra
- Price
- €12
What's included
- Unlimited operations and transfers including at the branch
- 36 free SDD direct debits/year, 10 cheques/year, securities deposit with free custody for Italian securities
- Welcome discount −€2 + other stackable discounts
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 | Nuova Carta Montepaschi Debit Mastercard inclusa, canone €0 |
| Interest on balance | 0% |
| Network | Mastercard |
| ATM withdrawal | Free |
| Free ATM limit | MPS Group ATM withdrawals €0; other ATMs in Italy and the euro area €2.10 |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia · BCE (MVU) |
| Segment | B2C |
| Funding / solidity | World's oldest bank still operating (1472) · Italy's third-largest branch network · listed (BMPS) |
| MiCA / License status | Licenza bancaria (Albo Banche n. 5274) IT banking licence (Bank of Italy · ECB-SSM) |
Strengths
- Free unlimited online SEPA and instant transfers on all modules
- Nuova Montepaschi Debit Mastercard included at €0 and free ATM withdrawals at MPS Group machines
- Modular design: switch module for free at any time, and discounts (under 30, crediting ≥€700, additional products) stack up to a zero fee
- Bank supervised by the Bank of Italy and the ECB (significant bank) with FITD deposit guarantee up to €100,000
- No notable sovereignty advantage documented.
Weaknesses
- ATM withdrawals at other banks cost money: €2.10 in Italy and the euro area
- Without discounts the fee adds up: Easy €4/month (new customers only), Plus €10, Extra €12, plus €34.20/year stamp duty
- Expensive at-branch transfers (€6.70–7.20) and a non-interest-bearing, EUR-only 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 · ECB-SSM)): 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
MPS Mio is solid on protection: a significant bank supervised by the Bank of Italy and the ECB, FITD €100,000 guarantee, free unlimited online transfers, Mastercard card at €0. The score stays average though, because the full cost is not trivial (€4–12/month plus stamp duty), zeroing the fee requires stacking discounts (under 30 + crediting ≥€700 on the Easy module) and withdrawals outside the MPS Group cost €2.10. Figures from the fact sheet updated 01.07.2026 — note: the Easy module is reserved for new customers.
Supervised bank account: custodial, full KYC, censorable and freezable by court order or AML obligation. The FITD deposit guarantee and dual Bank of Italy/ECB 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 Banca MPS — Conto MPS Mio, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
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App Store ↗
2.5/5
4,927 reviews
'Banca MPS' group home-banking app (shared with Widiba): measures the app, not the Conto MPS Mio account alone.
Weighted average across 1 public review platform (4,927 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
How much does the MPS Mio account cost?
It depends on the module: Easy €4/month (reserved for those without another equally-held MPS account older than 6 months), Plus €10/month, Extra €12/month, plus €34.20/year stamp duty. Stackable monthly discounts can zero the fee: −€2 under 30, −€2 with salary/pension crediting or inflows ≥€700/month, −€2 Welcome discount (Plus/Extra only), −€2 or −€4 with 2 or 4 additional products (fact sheet updated 01.07.2026).
Are transfers and withdrawals free?
SEPA and instant transfers made online are free and unlimited on all modules; at the branch they cost €6.70–7.20. ATM withdrawals at MPS Group machines are €0, while other banks in Italy and the euro area charge €2.10.
Are deposits guaranteed?
Yes, Banca MPS is a member of the Interbank Deposit Protection Fund (FITD): deposits are guaranteed up to €100,000 per depositor.
Sources
- Official service page Data verified on Jul 12, 2026
- gruppo.mps.it Sconti · Carta · Bonifici Data verified on Jul 12, 2026