Extrabanca — Extraclick
Extrabanca S.p.A.
tax and stamp duty take 26%
Data verified on last change the sources
Worth it if you want a 12-, 24- or 36-month term at 3.50% gross that can still be broken, or a short 3- or 4-month term, with stamp duty paid by the bank, and you lock at least €5,000.
Avoid it if you want the 3.70% and the option to exit early: the 18-month term cannot be broken, and on the other terms early withdrawal cuts interest to 0.00%-0.10%.
Extraclick is Extrabanca's online deposit account: funds are paid into the Conto Deposito and from there one or more Conti Vincolati are opened over eight terms, from 3 to 36 months. The Conto Vincolato information sheet, updated on 9 October 2026, runs from 2.80% gross at 3 months to 3.70% at 18 months; 12, 24 and 36 months pay 3.50%. On locked funds stamp duty is paid by the bank, so only withholding tax comes off the gross rate: 3.70% is 2.738% net. Early withdrawal is allowed on every term except 18 months, but with interest recalculated at 0.00%-0.10%. Each term starts at €5,000, the maximum balance is €200,000 and at maturity the term closes without rollover.
Data & conditions
| Max gross rate | 3.7% |
|---|---|
| Max net rate | 2.738% — tax and stamp duty take 26% |
| Account type | Fixed term |
| Available terms | 3m · 4m · 6m · 9m · 12m · 18m · 24m · 36m — up to 3.7% gross |
| Early withdrawal | No |
| What early withdrawal costs | Early withdrawal is allowed on every term except 18 months, applies to the whole term and leaves almost nothing: interest is recalculated at the reduced rate, which the information sheet sets at 0.00% for 3, 4 and 6 months and 0.10% for 9, 12, 24 and 36 months. The 18-month term, the highest-paying one, cannot be broken: if the customer closes the relationship before maturity, those funds earn no interest. |
| Interest compounding | At maturity |
| Stamp duty | Paid by the bank |
| Deposit amount | €5,000 – €200,000 |
| Deposit guarantee | EU guarantee €100,000 |
| Automatic rollover | No |
| Requires a linked current account | No |
| Joint account | Yes |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Milan-based bank founded to serve foreign-origin customers resident in Italy |
| MiCA / License status | Licenza bancaria (Banca d'Italia) Italian banking licence (Bank of Italy) |
Strengths
- Stamp duty on locked funds is paid by the bank: 0.2 points of extra net return every year, at any amount locked.
- There are also short terms of 3 and 4 months, at 2.80% and 3.00% gross.
- Early withdrawal exists on seven terms out of eight: you get the capital back, even though interest drops to 0.00%-0.10%.
- No notable sovereignty advantage documented.
Weaknesses
- The highest rate, 3.70% at 18 months, is the only term that cannot be broken before maturity.
- Withdrawing early costs almost all the return: the reduced rate is 0.00% up to 6 months and 0.10% beyond.
- Each term starts at €5,000 and the maximum balance is €200,000.
- A small bank with a niche positioning: counterparty risk above the €100,000 guaranteed should be weighed accordingly.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Italian banking licence (Bank of Italy)): reporting to authorities and freezes on order.
Verdict
Score 3.0/5, average profile. In its favour: stamp duty on locked funds is paid by the bank: 0.2 points of extra net return every year, at any amount locked. The trade-off to weigh: the highest rate, 3.70% at 18 months, is the only term that cannot be broken before maturity.
On the Sovereignty lens the score is 0.4/5 (weak): the strength is censorship resistance (1.5/5), while fund control (0.0/5) is the weak link.
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.
Reputation
What happened to people who used Extrabanca — Extraclick, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
Past incidents, resolvedDocumented and closed events. They stay on file: an operator’s past is data, not a verdict.
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Regulatory action Moderate ✓ resolved
Italian competition authority: €150,000 fine for tying mortgage approval to opening a current account at the bank
By decision no. 30210 of 21 June 2022 (case PS12164, Bulletin no. 26 of 11 July 2022), acting on a 4 October 2021 report from the Bank of Italy, Italy's competition and market authority found that from 2016 to September 2021 Extrabanca's mortgage contracts contained a salary-channelling clause requiring the customer to hold a current account at the bank: to get the mortgage you had to open an Extrabanca account, costing on average about €80 a year, above the market average. Over the period the bank granted 578 mortgages worth €62.3 million, of which 418 (€43.9 million) came with an account opened at the same time, and 372 accounts carried the salary-channelling clause. The authority treated it as an aggravating factor that the bank's customers are mostly non-EU nationals and therefore more exposed through language, cultural and financial-literacy barriers. The practice is unfair in itself under article 21(3-bis) of the Italian Consumer Code. The base fine of €250,000 was cut to €150,000 for the steps taken: the clause was removed from contracts in September 2021 and on 15 April 2022 the bank credited affected customers €30 for each year of the relationship, writing to tell them they may debit instalments and receive their salary at any bank. Two sets of commitments offered by Extrabanca had been rejected. The decision can be appealed to the Lazio regional administrative court; we have no record of the outcome of any appeal.
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FAQ
Does the bank really pay the stamp duty?
Yes, on locked funds: the Conto Vincolato information sheet, updated on 9 October 2026, lists stamp duty as «paid by the Bank». It is worth 0.2 net points a year, because on a deposit account stamp duty is 0.2% of the balance per year. On funds left free in the Conto Deposito, which earn 0.05% gross, stamp duty stays with the customer.
Why does the page say «up to 3.50%» if the maximum is 3.70%?
The commercial page's headline says «up to 3.50% gross a year for 24-month terms», but the table on the same page and the information sheet show 3.70% at 18 months. We go by the information sheet, which is the contractual document. The 18-month term, however, is the only one with no early withdrawal.
What does 3.70% actually pay?
With stamp duty paid by the bank, only the 26% withholding tax comes off: 3.70% gross becomes 2.738% net. On €10,000 locked for 18 months that is about €555 of gross interest, €411 net.
Sources
- Official service page Bollo Data verified on Nov 4, 2026
Update history
- tasso_lordo_max_pct Entry completed on the Extraclick Conto Vincolato information sheet updated on 9 October 2026: from 2.80% gross at 3 months to 3.70% at 18 months, stamp duty paid by the bank on locked funds, €5,000 minimum per term.