UniCredit — My Genius
UniCredit S.p.A. · Mastercard/Visa
My Genius is UniCredit's customisable current account — Italy's second-largest bank and a pan-European group under ECB supervision. The base fee is €1.90/month (€22.80/year), waived with salary/pension/recurring transfer crediting ≥ €750, and includes the MyOne debit card (Mastercard/Visa). The downside is running costs: online SEPA transfers cost €1.30 (not free unless you buy a €2/month bundle) and withdrawals at other banks cost €2. FITD €100,000 deposit guarantee.
Data & conditions
| Account fee | €2 |
|---|---|
| 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 di debito MyOne (Mastercard/Visa) inclusa, digitale €0 (fisica €3,50 + spedizione) |
| Interest on balance | 0% |
| Network | Mastercard/Visa |
| ATM withdrawal | Free |
| Free ATM limit | UniCredit ATMs Italy and abroad €0; other banks in Italy and abroad €2.00 |
| 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 second-largest bank · pan-European group ~15M customers · listed (UCG) |
| MiCA / License status | Licenza bancaria (Albo Banche, Gruppo UniCredit cod. 2008.1) IT banking licence (Bank of Italy · ECB-SSM) |
Plans & pricing
My Genius (base)
- Price
- €2
- Unlimited operations (non-branch channels)
- MyOne debit card (Mastercard/Visa) included, digital €0
- UniCredit ATM withdrawals Italy and abroad €0
- Fee waived with crediting ≥ €750 · +€34.20 stamp duty/year
Pacchetto Bonifici SEPA online illimitati
- Price
- €2
- Waives the €1.30 fee on online SEPA transfers
- Unlimited standard and instant transfers
Strengths
- Low base fee (€1.90/month = €22.80/year), waived with salary/pension/transfer crediting ≥ €750
- MyOne debit card (Mastercard/Visa) included; digital issuance €0; UniCredit ATM withdrawals in Italy and abroad at €0
- Dense branch network + multichannel bank, with dedicated under-30 discounts
- Significant bank supervised by the Bank of Italy and the ECB with FITD €100,000 deposit guarantee
- No notable sovereignty advantage documented.
Weaknesses
- Online SEPA transfers at €1.30 (not free unless you buy the €2/month bundle) — a disadvantage vs accounts offering them at €0
- Withdrawals at other banks in Italy and abroad €2.00; physical card is paid (€3.50 + shipping)
- Opaque modular fee structure; ~0% credit rate; single-currency account (EUR only)
- 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
My Genius stops at a middling score: supervision by the Bank of Italy and the ECB, FITD €100,000 deposit guarantee and an included Mastercard/Visa debit card are solid, but the account is cost-heavy on daily operations. Online SEPA transfers at €1.30 (free only by paying €2/month) and withdrawals at other banks at €2 make it less convenient than zero-fee accounts; the modular structure is opaque and the fee is fully waived only with crediting ≥ €750. 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.
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 My Genius fee?
The base fee is €1.90/month (€22.80/year) plus €34.20 stamp duty. It is waived with salary, pension or recurring transfer crediting ≥ €750 into the account.
Are transfers and withdrawals free?
No: an online SEPA transfer (standard or instant) costs €1.30, waived only with the unlimited-transfers bundle at €2/month. Withdrawals at UniCredit ATMs (Italy and abroad) are €0, but at other banks they cost €2.00.
Are deposits guaranteed?
Yes, by the Interbank Deposit Protection Fund (FITD) up to €100,000 per depositor.
Sources
- Official service page Data verified on Jul 12, 2026
- trasparenza.unicredit.it Canone · Carta · Prelievi · Bonifici Data verified on Jul 12, 2026