BancoPosta — Conto BancoPosta (Start)
Poste Italiane S.p.A. — Patrimonio BancoPosta · Mastercard (Postepay/Postamat)
The Conto BancoPosta (Start option) is Poste Italiane's current account, backed by the dense network of post offices. The fee is €7/month (€84/year), reducible down to zero via cashback on salary/pension crediting ≥ €600 and/or invested assets, and includes the Postepay Mastercard debit card. Note on protection: deposits are NOT covered by the FITD, but by the Patrimonio BancoPosta, whose funds are invested solely in government securities — effectively a state-backed guarantee, different from the interbank fund of other banks.
Data & conditions
| Account fee | €7 |
|---|---|
| IBAN | dedicato · IT · IT |
| Deposit guarantee | altro |
| 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 di debito Postepay Mastercard (Postamat + Mastercard) inclusa nel canone |
| Interest on balance | 0% |
| Network | Mastercard (Postepay/Postamat) |
| ATM withdrawal | Free |
| Free ATM limit | Postamat ATMs €0; other bank in Italy €1.75 (with Postepay Mastercard card) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Poste Italiane current account · post-office network · listed (PST) |
| MiCA / License status | Patrimonio BancoPosta vigilato da Banca d'Italia (ABI 07601) BancoPosta activity supervised by the Bank of Italy (Patrimonio BancoPosta) |
Plans & pricing
Conto BancoPosta Start
- Price
- €7
- Postepay Mastercard debit card included + multichannel services
- Postamat ATM withdrawals €0 · other bank in Italy €1.75
- SEPA transfer via IB/app €1 · at branch €5 · non-utility SDD €0.40
- Fee waivable via cashback with crediting ≥ €600 · +€34.20 stamp duty/year
Conto BancoPosta di Base
- Price
- €3
- €30/year fee, free with ISEE below ~€11,600
- Basic payment account with essential services
Strengths
- Dense post-office network + free withdrawals at Postamat ATMs; Postepay Mastercard card included in the fee
- Fee waivable via monthly cashback with salary/pension crediting ≥ €600 and/or invested assets
- Funds invested in government securities: perception of solidity with state backing
- Bank of Italy supervision over the BancoPosta activity
- No notable sovereignty advantage documented.
Weaknesses
- Deposit guarantee OUTSIDE the FITD: protection runs through the Patrimonio BancoPosta (funds in government securities), a technicality to be aware of
- €7/month base fee (€84/year) higher than online banks; branch SEPA transfer €5
- SEPA transfer via internet banking/app €1 (not free); other-bank ATM €1.75; non-utility SDD €0.40; 0% credit rate; not multi-currency
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (BancoPosta activity supervised by the Bank of Italy (Patrimonio BancoPosta)): 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 BancoPosta stops at a medium-low score on protection and cost. The point to understand is the deposit guarantee: it is NOT the FITD, but the Patrimonio BancoPosta, whose funds are invested solely in government securities — a state-backed guarantee different from the interbank fund of other banks, which needs explaining to the user. On cost it is cost-heavy: €7/month fee (waivable only via cashback with crediting ≥ €600 or invested assets), online SEPA transfer €1, other-bank withdrawal €1.75, non-utility SDD €0.40. In return, a dense post-office network and free Postamat withdrawals. Non-interest-bearing, single-currency account.
Supervised postal account: custodial, full KYC, censorable and freezable by court order or AML obligation. The deposit protection (Patrimonio BancoPosta invested in government securities) and Bank of Italy supervision — reference points for the saver — 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 BancoPosta Start?
The fee is €84/year (€7/month), including the Postepay debit card and multichannel services, plus up to €34.20 stamp duty (only with a balance > €5,000). It is reducible down to zero via a monthly cashback based on salary/pension crediting (≥ €600) and/or invested assets.
Are deposits guaranteed by the FITD?
No. BancoPosta does not belong to the Interbank Deposit Protection Fund. Account deposits are protected through the Patrimonio BancoPosta, whose funds are invested solely in Italian government or state-guaranteed securities — effectively a state-backed guarantee, different from the FITD of other banks.
Sources
- Official service page Canone · Carta · Prelievi · Bonifici Data verified on Jul 12, 2026