Intesa Sanpaolo — XME Conto Under 35
A plan byIntesa Sanpaolo — XME Conto · Mastercard/Visa (+ BANCOMAT)
XME Conto is the main retail current account of Intesa Sanpaolo, Italy's largest bank by assets and customers. Online and instant SEPA transfers at zero cost, free ATM withdrawals (Group and other SEPA-area banks) and an included Mastercard/Visa debit card. The base fee is €8.50/month, but it is waived for under-35s (extendable to 40 with the national youth card) and reduced with salary crediting.
Under 35
- Price
- Free
What's included
- Fee and stamp duty waived
- Free withdrawals worldwide
- Extended to 40 with the national youth card
- At 35 switches to Silver €5.90/month
Data & conditions
| Account fee | €9 |
|---|---|
| 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 | XME Debit Card (Mastercard/Visa + BANCOMAT) inclusa, canone €0 |
| Interest on balance | 0% |
| Network | Mastercard/Visa (+ BANCOMAT) |
| ATM withdrawal | Free |
| Free ATM limit | ATM withdrawals at Intesa Sanpaolo Group and other SEPA-area banks free |
| 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 largest bank by assets · ~13-14M retail customers in Italy · listed (ISP) |
| MiCA / License status | Licenza bancaria (Albo Banche n. 5361) IT banking licence (Bank of Italy · ECB-SSM) |
Strengths
- Online and instant SEPA transfers at €0, ATM withdrawals (Group and other SEPA-area banks) at €0, SDD direct debits at €0
- Free XME debit card (Mastercard/Visa + BANCOMAT) included
- Fee waived for under-35s (to 40 with the national youth card) and reduced by €3 with salary crediting
- Supervised bank with FITD deposit guarantee up to €100,000 and a dense branch network
- No notable sovereignty advantage documented.
Weaknesses
- Relatively high full base fee (€8.50/month = €102/year) without discount requirements
- 0% credit rate: non-interest-bearing account, single-currency (EUR only)
- After turning 35 the youth benefit lapses (automatic switch to Silver €5.90/month)
- 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
XME Conto earns a good protection score: a bank supervised by the Bank of Italy (and the ECB, as a significant bank), FITD €100,000 deposit guarantee, SEPA/instant transfers, ATM withdrawals and SDD direct debits all at €0, and a free Mastercard/Visa debit card. The limit is cost for the average user — €8.50/month base fee plus stamp duty — fully convenient only for under-35s or with salary crediting. Non-interest-bearing, single-currency account.
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: 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
How much is the XME Conto fee?
The base fee is €8.50/month (€102/year) plus €34.20 stamp duty. It is waived for under-35s (extendable to 40 with the national youth card) and reduced by €3 with salary or pension crediting.
Are transfers and withdrawals free?
Yes: online and instant SEPA transfers are €0, as are ATM withdrawals at Intesa Sanpaolo Group and other SEPA-area banks and SDD direct debits.
Are deposits guaranteed?
Yes, by the Interbank Deposit Protection Fund (FITD) up to €100,000 per depositor.
Sources
- Official service page Canone · Carta · Prelievi · Bonifici Data verified on Jul 12, 2026