Setting Up Your Student Banking

Why Revolut is Great for your Students

As an international student in Italy, you will need a reliable European bank account with an IBAN. You will use this to pay your university tuition fees, receive scholarships, pay your monthly rent, and handle your daily living expenses.

Normally it is possible to open a traditional Italian bank account once you have your residence permit which may take a few months.

Our Recommendation: Revolut

For a smooth transition, we highly recommend setting up a Revolut account. It is a digital banking app used by many students worldwide, allowing you to manage your money instantly across currencies.

Key Benefits for Students:

• Instant Setup: Open your account online in minutes using your passport and student visa before you even step foot in Italy.

• Zero Hidden Fees: Enjoy a free standard account tier with no monthly maintenance fees.

• Easy Money Transfers: Get a European IBAN to easily receive money from home or send rent to your landlord.

• Excellent Exchange Rates: Convert your home currency into Euros at competitive interbank rates, saving you massive fees compared to traditional banks.

2nd Option Managing Your Finances in Italy

Opening a traditional Italian bank account as a new arrival can take weeks and often requires Residence Permit. For university fees and daily expenses, My 2nd recommendation is starting with Wise.

Why it works for students:

• Instant IBAN: Get a Belgian EUR IBAN immediately to receive scholarships or pay rent.

• Mid-Market Rates: Save up to 8x compared to traditional banks when moving money from your home country.

• Physical & Digital Card: Use it for the Metro, groceries, and online shopping.

Remitance Benefit: You can use wise to transfer money to your home country as well.