Banca Widiba — Conto Widiba (Classic) Conto Widiba Classic
A plan byBanca Widiba — Conto Widiba (Classic) · Mastercard
The Conto Widiba (Classic package) is the online current account of the advisory bank of the Monte dei Paschi di Siena Group. Fee €4.50/month (€54/year plus €34.20 stamp duty), waivable: free for under-30s and −50% with salary crediting. Included Mastercard debit card at €0, unlimited free ordinary and instant SEPA transfers, supported SDD direct debits and FITD €100,000 deposit guarantee.
Conto Widiba Classic
- Price
- €5
What's included
- Fee €4.50/month (€54/year) · 12-month free promo for new customers
- Included Mastercard debit card €0
- Unlimited ordinary and instant SEPA transfers €0 · SDD supported
- Free for under-30s · −50% with salary crediting · +stamp duty €34.20/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 | Free |
| Card included | Carta di debito Widiba (circuito Mastercard Debit) inclusa nel pacchetto, canone €0 |
| Interest on balance | 0% |
| Network | Mastercard |
| ATM withdrawal | Free |
| Free ATM limit | Withdrawals in Italy and the EMU area above €100 free; withdrawals ≤ €100 €1.50; extra-EMU €2.00 (standard card) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Online and advisory bank of the Monte dei Paschi di Siena Group · operating since 2014 · >350,000 customers |
| MiCA / License status | Licenza bancaria (Albo Banche n. 5760) IT banking licence (Bank of Italy) |
Strengths
- Included Mastercard debit card at €0 fee
- Unlimited free ordinary and instant SEPA transfers; free Open Banking transfers
- Waivable fee (free for under-30s, −50% with salary crediting) + 12-month free promo for new customers
- MPS Group bank supervised by the Bank of Italy, FITD €100,000 deposit guarantee, service-rich package
- No notable sovereignty advantage documented.
Weaknesses
- Classic base fee €88.20/year (€54 + stamp duty) if not waived — pricier than many purely-online accounts
- Withdrawals ≤ €100 in Italy/EMU are chargeable (€1.50) and extra-EMU withdrawals cost €2.00
- No own branches; 0% credit rate on the account
- 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)): 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
The Conto Widiba is decent on the protection front: an MPS Group bank supervised by the Bank of Italy, FITD €100,000 deposit guarantee, an included Mastercard debit card at €0 and unlimited free ordinary and instant SEPA transfers. The limit is cost: the Classic base fee (€88.20/year with stamp duty) is higher than many online accounts and must be waived via under-30 status or salary crediting; chargeable withdrawals ≤ €100 and the absence of own branches weigh on it. 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 Conto Widiba Classic?
The fee is €4.50/month (€54/year) plus €34.20 stamp duty, for a total of €88.20/year. It is free for under-30s and 50% off with salary crediting; new customers get zero fee for 12 months.
Are deposits guaranteed?
Yes, by the Interbank Deposit Protection Fund (FITD) up to €100,000 per depositor. Banca Widiba is the online bank of the Monte dei Paschi di Siena Group, supervised by the Bank of Italy.
Sources
- Official service page Canone Data verified on Jul 12, 2026
- img.gruppomol.it Data verified on Jul 12, 2026