ING — Conto Corrente Arancio
ING Bank N.V. (Milan Branch) · Mastercard
The Conto Corrente Arancio is the account of ING's Italian branch (ING Bank N.V.), a Dutch-law digital bank. You choose between two profiles: Arancio Light at €0 fee and Arancio Più at €5/month (free for the first 3 months, waived with crediting ≥ €1,000 or free for under-30s). On the Più profile, SEPA/instant transfers, ATM withdrawals in Italy and Europe and the Mastercard debit card are all at €0. Note: deposits are NOT covered by the Italian FITD but by the Dutch guarantee scheme (DNB), still up to €100,000.
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 Mastercard a canone €0 (entrambi i profili) |
| Interest on balance | 0% |
| Network | Mastercard |
| ATM withdrawal | Free |
| Free ATM limit | ATM withdrawals in Italy and Europe €0 (Arancio Più) / €0.95 (Arancio Light); ING has no own ATMs |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | DNB (Paesi Bassi) · Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Dutch-law digital bank · listed ING group · Italian IBAN |
| MiCA / License status | Licenza bancaria (Albo Banche n. 5229 — succursale di banca comunitaria) Dutch banking licence (DNB) · IT branch supervised by the Bank of Italy |
Plans & pricing
Arancio Light
- Price
- Free
- €0 fee
- Mastercard debit card €0
- SEPA and instant transfers €0 · SDD €0
- ATM withdrawals €0.95 · paper statement €5
Arancio Più
- Price
- €5
- SEPA and instant transfers €0, ATM withdrawals Italy and Europe €0
- Mastercard debit card €0 · SDD €0
- Free for the first 3 months, then waivable with crediting ≥ €1,000
- Fee free for new under-30 customers
Strengths
- Dual profile: Arancio Light at €0 and Arancio Più with SEPA/instant transfers, withdrawals and card all at €0
- Arancio Più fee genuinely waivable with crediting ≥ €1,000 or free for under-30s
- Mastercard debit card at €0 fee on both profiles; SDD direct debits at €0
- Deposits guaranteed up to €100,000 by the Dutch scheme (DNB), protection equivalent to the EU standard
- No notable sovereignty advantage documented.
Weaknesses
- Dutch (DNB) deposit guarantee instead of FITD: equivalent €100,000 protection but a foreign fund, perceived as less 'domestic'
- The Light profile has micro-costs (withdrawal €0.95, paper statement €5)
- 0% credit rate on the account (yield only via the Conto Arancio savings account); EUR-only, 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 (Dutch banking licence (DNB) · IT branch supervised by the 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
Arancio earns a good score: on the Più profile SEPA/instant transfers, ATM withdrawals in Italy and Europe, the Mastercard debit card and SDD direct debits are all at €0, with a genuinely waivable fee (crediting ≥ €1,000) or free for under-30s; the Light profile offers a €0 fee. The particularity to know is the deposit guarantee: NOT FITD, but the Dutch scheme at De Nederlandsche Bank (DNB), still up to €100,000 with protection equivalent to the EU standard — a foreign fund that some perceive as less domestic. Non-interest-bearing, single-currency account.
Supervised bank account: custodial, full KYC, censorable and freezable by court order or AML obligation. The deposit guarantee (Dutch DNB scheme) and Bank of Italy/De Nederlandsche Bank 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 Corrente Arancio?
It depends on the profile: Arancio Light has a €0 fee; Arancio Più costs €60/year (€5/month), free for the first 3 months, then waivable with salary/pension/income crediting ≥ €1,000 or free for new under-30 customers. €34.20/year stamp duty only with an average balance > €5,000.
Are deposits guaranteed by the FITD?
No. ING Bank N.V. is a Dutch-law bank: deposits are not covered by the Italian FITD but by the Dutch guarantee scheme 'Nederlandse Depositogarantiestelsel' at De Nederlandsche Bank (DNB), up to €100,000 per depositor — protection equivalent to the EU standard.
Sources
- Official service page Data verified on Jul 12, 2026
- secure.ing.it Canone · Carta · Prelievi · Bonifici Data verified on Jul 12, 2026
Update history
🔔 Notify me of changes
4% gross annual for 12 months on Conto Arancio
New clients: open Conto Corrente Arancio + Conto Arancio by 30/07/2026 and credit a salary/pension (or a transfer) ≥ €1,000, keeping it for 12 months. The 4% gross annual applies for 12 months on balances up to €50,000. Net ~€148 on €5,000 held for a year (after 26% tax).