Banco BPM — Conto You Conto You (base)
A plan byBanco BPM — Conto You · Mastercard/Visa (+ Bancomat)
Conto You is the online retail current account of Banco BPM, Italy's third-largest banking group by assets. The pure fee is €4.50/month (€54/year) plus stamp duty, but it is waived for under-35s (who pay only the stamp duty), reduced by €2 with salary/pension crediting > €500/month and free on promo for online openings. Numia International Debit card (Mastercard/Visa + Bancomat), withdrawals at Banco BPM ATMs at €0 and free SDD utility direct debits. Italian IBAN and FITD €100,000 deposit guarantee.
Conto You (base)
- Price
- €5
What's included
- Unlimited operations
- Numia International Debit card (Mastercard/Visa + Bancomat), €24/year fee or €0 on promo
- Banco BPM ATM withdrawals in Italy €0 · SDD utility debits €0
- −€2/month with salary/pension crediting > €500 · +€34.20 stamp duty/year
Data & conditions
| Account fee | €5 |
|---|---|
| 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 | €1 |
| Card included | Carta Numia Debito Internazionale (Mastercard/Visa + Bancomat), canone €24/anno o €0 in promo |
| Interest on balance | 0% |
| Network | Mastercard/Visa (+ Bancomat) |
| ATM withdrawal | Free |
| Free ATM limit | Banco BPM ATMs in Italy €0; other bank in Italy €2.10 per withdrawal |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia · BCE (MVU) |
| Segment | B2C |
| Funding / solidity | Italy's third-largest banking group by assets · ~1,430 branches · listed (BAMI) |
| MiCA / License status | Licenza bancaria (Albo Banche n. 8065) IT banking licence (Bank of Italy · ECB-SSM) |
Strengths
- €4.50/month fee waivable (under-35s pay only stamp duty, −€2 with salary/pension crediting > €500/month)
- Online SEPA transfers €0 and Numia International Debit card at €0 during the promo windows
- Banco BPM ATM withdrawals in Italy at €0, free SDD utility direct debits, unlimited operations
- Significant supervised bank (Italy's third group) with FITD €100,000 deposit guarantee
- No notable sovereignty advantage documented.
Weaknesses
- Debit card with €22-24/year fee outside promo (Numia National €22, International €24)
- Online SEPA transfer €1.30 and other-bank withdrawal in Italy €2.10 outside the promos
- After the promo windows the fee is due again unless under-35 or with salary/pension crediting
- 0% credit rate: non-interest-bearing, single-currency (EUR only); uncertainty from banking M&A
- 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
Conto You earns a mid protection score: a significant bank supervised by the Bank of Italy and the ECB (Italy's third group), FITD €100,000 deposit guarantee, group-ATM withdrawals and SDD utility debits at €0. The €4.50/month fee is waivable (under-35s, salary/pension, online promo), but outside the concessions the €22-24/year debit card, €1.30 online transfer and €2.10 other-bank withdrawal weigh in. Non-interest-bearing, single-currency account, with uncertainty tied to the ongoing banking M&A.
Supervised bank account: custodial, full KYC, censorable and freezable by court order or AML obligation. The FITD deposit guarantee and Bank of Italy supervision — strengths for protection — are exactly what distance it from the trustless model. No self-custody, no permissionless use.
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
How much is the Conto You fee?
The pure fee is €4.50/month (€54/year) plus €34.20 stamp duty (due with average balance > €5,000). It is waived for under-35s (who pay only the stamp duty), reduced by €2/month with salary/pension crediting > €500/month and free on promo for online openings.
Are deposits guaranteed?
Yes, by the Interbank Deposit Protection Fund (FITD) up to €100,000 per depositor; Banco BPM is an Italian bank that is a FITD member.
Sources
- Official service page Canone · Prelievi · Bonifici Data verified on Jul 12, 2026