To help you choose your account at MyCashTree we have developed this guide to the best current accounts, dividing the accounts according to different needs so that it can be even easier for you to find the one that best suits you.
What are you waiting for, get comfortable and keep reading!
The Top 5 Online Accounts
We start our ranking of the best current accounts by illustrating which we think are the best online accounts.
If you did not know it, an online account, sometimes also called an e-conto or digital account, is a particular type of current account that can be opened and managed completely through the internet and mobile banking tools of the credit institution to which it belongs.
Attention, because today online current accounts are not only offered by online banks as many people think, but also by conventional credit institutions as an alternative to traditional current accounts.
The main advantage of online accounts is that, in general, they have lower opening and running costs, however additional expenses may be provided in case you need to do some operation at the bank’s physical counter, such as a wire transfer or a deposit or a withdrawal.
When choosing an online current account, I therefore recommend that you always check all the extra expenses provided by the contract regarding transactions that may take place outside the bank’s digital channels.
BNL x Full
BNL x Full is the new current account of the National Bank of Labour which provides for a running cost of 17 euros per month, which provides for the possibility of reducing the fee by doing some operations such as:
- Accredit the salary or pension on the account (in this case, the fee drops to 15 euros per month);
- Have on the account a capital of at least 75 thousand euros (in this case the “discount” on the fee is 8.50 euros per month);
- Having a total assets equal to or greater than 150 thousand euros (here the fee is even reduced to zero);
- Buy a protection policy (then the fee is discounted by 1 € per month).
The main advantage of the BNL x Full online current account is that, despite being an account that can be managed conveniently online, it also allows you to do the same operations (debonds, payments, withdrawals) without any limit even in the branch.
The Full account also includes for its subscribers:
- Debit card;
- Free Classic or Gold credit card
- Carnet checks for free
- SMS Alert;
- Memo & Doc Service;
- Cashback 10% on the amount spent
To open the BNL x Full account, simply go to the official BNL website and choose the x Full option. After calculating the monthly fee considering the expected discounts, you can open the account simply by uploading your identity card and tax code and registering the digital signature.
SelfyConto of Banca Mediolanum
Banca Mediolanum’s SelfyConto is an account that can be managed completely through the free Medilanum Selfy app, so it is rightfully in the best online accounts.
It also provides for a zero fee for those who have not yet reached the age of 30 for the first year, while starting from the second will have to be paid a monthly fee of 3.75 euros.
Those over 30 years old will have to bear a cost of 11.25 eujro every three months, for a total of 45 euros per year.
The advantages of opening this account are considerable as the following services are included free of charge in the fee:
- Contactless debit card that can also be used online;
- Withdrawals at the unlimited ATM counter;
- Customer support in chat always available to customers;
- Payment of bulletins and F24 with camera;
- Access to the account and payments with biometric recognition directly from the app;
- Confirm operations in app with OTP code and/or push notification;
- Additional debit and credit cards and consultation directly from the application;
- Provision of credit card payments directly from the application.
How to open SelfyConto of Banca Mediolanum? The opening procedure of this account takes place directly online following these three steps:
- Download the free Selfy application of Mediolanum
- Enter your e-mail address
- Perform identification via video call with a tax code and identity card
Immediately after opening the online account you can request the debit card and / or credit card and start using them according to your needs.
WebSella
Here is an online account that does not provide for opening expenses: it is WebSella, the new digital account of Banca Sella. However, a zero-expense account cannot be considered, because a monthly fee of € 1.5 is still expected after the first 3 months after opening.
Even with this new online account of Banca Sella you have numerous pluses or advantages:
- Free Mastercard debit card for the first year
- Possibility of making instant transfers h24, 7 days a week, including holidays
- Unlimited free online transfers
The only costs to be incurred in addition to the small fee are those related to:
- Sending extracted paper account and other documentation (0.83 € per operation)
- SEPA transfer to beneficiaries Banca Sella (8,25 €)
- SEPA transfer to beneficiaries of other banks (9,00 €)
- Permanent bank transfer order (1.81 €)
- Withdrawals (gratis in the group’s ATMs; always free for the first 4 withdrawals and then 2 € on the ATMs of other EU-zone banks; €4 from outside the EU)
There is also a fee of €18 a year after the first year for the use of the debit card, while if I wanted to apply for a credit card the fee is 41 € per year.
Like all digital accounts, WebSella can be opened directly online, by filling in a quick and easy form and the affixing of the digital signature.
N26 You
If you are looking for an online account that can also be used for operations abroad, the N26 You e-contet of the homonymous online credit institution is the right solution for you.
The N26 You account allows you to:
- Carry out international transfers by choosing from 19 different currencies
- Withdraw cash in Italy and worldwide, with a fee of 1.7% in the case of levies in currency other than the euro
- Travel insurance Allianz
- Refunds for delays, loss and theft of luggage
- Insurance for flight delay
- Extended guarantee on purchases in the event of material damage or theft of purchased goods
The monthly fee of N26 You is 9.90 euros which includes free of charge:
- Opening costs
- Withdrawals from unlimited ATMs in euro
- Unlimited online transfers
- The Mastercard Debit Card
To open the N26 account you must access the official N26 website or, alternatively, download the application. Once you have access, you can proceed with the registration following the procedure. For authentication, after the upload of your own valid ID, you will be asked to make a video call with the webcam with an operator.
In order to receive your debit card at home and be able to start using the bill, you will first need to make a payment by bank transfer.
Account InRete Banca Etica
Let’s now look at an online account that in addition to being a valid solution for the management of your finances, allows you to offer your support to a solidarity economy.
This is the InRete account of Banca Etica, a banking group active in Italy and Spain, which operates on the financial market by linking its banking operations to criteria related to civil society and ethics, such as the promotion of social enterprise projects through crowdfunding and direct support for initiatives aimed at protecting human health and the environment,
The fee of the basic InRete account is 4 euros per month and includes:
- Internet banking services
- Debit card
- Free cash withdrawals at Banca Etica ATMs and Cooperative Credit Banks throughout Italy
- 199 writing operations included in the annual fee
You can also make and request the following services or products for a fee:
- Credit card
- Prepaid paper
- Personal Loyplace
- Ethical Ethical Funds of Etica Sgr
- Deposit account
- SEPA transfers at the counter
- Sending credit card statement 1,15 €;
How to open Banca Etica’s online account? Simply go to the bank’s official website and click on “open the account” by keeping at hand an identification document, the tax code and a mobile phone with a video camera to proceed with the recognition.
The current account will be active after 1 working day from webcam recognition.
Top 5 accounts for minors
Do you have a child under 18 and would like to get used to managing your own finances? The accounts for minors are just for this.
To adapt to the needs of customers, today many credit institutions offer their customers current accounts for children who are not yet of age.
Attention, also here, because in this case the opening of the account can only take place with the signature of a parent, who will still be responsible for the management of the account together with the child.
Typically, the best accounts for minors have reduced opening and handling costs compared to other types of current account and more limited functions (for example, you may not be allowed to have a credit card or the checkbook). The number of free transactions allowed between transfers and withdrawals can also be reduced, as can the limits of use of the debit card.
What happens, then, when the minor holder of the account becomes of age? In some cases, the youth account is automatically extinguished or is transformed into one of the private accounts in the current account offer of the bank.
Finally, if your child’s primary need was to have a payment tool to buy books, CDs and clothes online, keep in mind that the online account can not be very helpful but you could consider instead of adopting a rechargeable card for minors.
Let’s Bank of BPM Banking
The first best youth account on the list is Let’s Bank of BPM Banking, a minor current account designed for children aged 12 to 17.
Once you have reached the age of 17, however, you have the opportunity to keep the account at a preferential condition until you reach 29 years, whether you continue to study, or you will immediately work after graduation.
Thanks to the young BPM Let’s Bank, you can make payments, transfers, payments and withdrawals with unlimited card, all with a fee of zero up to 17 years (or 29 if you decide to take the university course) or with a fee of only 3 euros per month if, once you have become an age and up to the 29th year of age, I decided to suspend your studies and go to work.
By opening the Let’s Bank account, children under 18 can also apply for a loan of up to 3 thousand euros, while for adult graduates it is possible to apply for up to 15,000 euros for the post-graduate master’s degree, 30 thousand euros for work projects and also a first home loan.
Finally, there are discounts for the purchase of books, CDs, computers, smartphones, travel and fuel and incentives for the achievement of the diploma and graduation or on the occasion of marriage.
To open the current account Let’s Bank, minors must go to the branch accompanied by their parents with identity documents, while children who are from 18 to 29 years old can open this account alone, bringing, in the case, a proof of their enrollment at the university.
Genius Teen of Unicredit
Genius Teen of Unicredit more than a young current account can be considered as a deposit account for minors aged between 13 and 17 years old with a nominal rate of 0.20%.
It is a completely free account through which your children can shelve money, also taking advantage of an international debit card and services such as withdrawals and payments at the ATMs of the same bank.
In addition, from the 14th year of age they can also request a prepaid card associated with the account and / or get a discount on the main magazines of the Mondadori group.
It should also be noted that Unicredit also provides for a zero-expenditure solution for children under 12 years: the current account / deposit Genius Bimbi, which provides unlimited payments and withdrawals and stamp duty to be borne by the Bank.
Count Easy30 Credem
Facile30 is the solution of Credito Emiliano for young people like under 30 years old.
It is, however, a promotional account, aimed at new account holders or those who decide to move the current account from another bank to Credem.
In addition, even if it is defined as a youth account, Facile30 does not turn to minors but to open it you must be at least 18 years old.
However, we insert it here because it has some advantages, especially on the cost side: until the sixth month from the opening in fact the fee of 6 euros monthly, it will be reimbursed totally, while from the seventh month onwards you will receive a refund of 5 euros for which you will pay only 1 € per month!
The Credem youth account also includes, including in the fee, the following services:
- Free ATM card
- Home and mobile banking
- Free credit card for the first 12 months (after which there is a fee of 39 euros per year)
- ATM withdrawals on unlimited and free Credem counters (while those at the counters that do not belong to the Credem circuit, a commission of 1,90 € exceeds the first 24 transactions)
On the other hand, transfers are paid, both those from internet banking (0.68 €) and those at the counter or via phone banking.
How to open the Credem youth account? Like all Credem accounts, it cannot be opened directly online, but only by going to the branch after booking an appointment with the online consultant.
Conto Hype by Banca Sella
Hype is a product of Banca Sella which, more than an account, is actually a card with Iban that works as a checking account.
The reason for its success is that it can be really opened in just 5 minutes as they say on the site and that the costs, at least in the Start version, are really reduced.
But we proceed with order and see what are the expenses associated with the account/Hard card:
- Activation costs 10 euros in the case of a minor
- Annual fee zero euro
- Charging cost via IBAN zero euro
- Withdrawals at any ATM and in the branch always free
- Liquidity transfers between different HYPE cards 0 euro
- Bank transfers and transfers between zero euro cards
These reduced costs are also motivated by the fact that Hype Start has a limit of use of 2,500 per year, but it can be increased to be mentioned by Hype Plus, with additional costs.
To open Hype for a minor you need:
- Register on the website
- Upload the front/to-rend copy of your identity document as a guardian and that of the boy
- Upload your selfie to proceed to facial recognition.
Xme Account Up by Intesa Sanpaolo
It could not miss this proposal by Intesa Sanpaolo in the list of the 
best accounts for minors.
The product is born, in fact, with the aim of accustoming children between 12 and 17 years to save. – What? Through an instrument, the Xme Salvadnaio, which allows you to set your own set-up objectives, simply by moving monthly sums (the classic “paghetta” but in digital version) or extras related to each operation from the account directly into your virtual piggy bank.
The monthly fee of this youthful account of the Intesa Group is 4 € which include:
- Unlimited withdrawals free of all ATMs in Italy and Europe
- Debit card
- Services of internet banking
- Free online transfers
- Taxes of a stamp charged to the bank
Finally, to limit the use by the boy you can also set withdrawal and payment limits directly from the app.
For more information and to open the account you need to go to one of the many Banca Intesa branches in our territory.
The best 5 accounts for those traveling abroad
If, for reasons of pleasure or work, you often travel abroad, I recommend you to immediately open an account that can be easily used even outside the national borders.
Some accounts, in fact, allow you to make payments and withdrawals with the debit card in a foreign country but at really exorbitant costs. Others do not contemplate this possibility at all.
If, therefore, you have this need, the best thing to do is to inform yourself of which bank account offers better conditions even in case of use abroad.
In particular, you will need to check the fees and fees applied to card payments and withdrawals in the countries you intend to go to and ensure that there are no restrictions on the number of transactions and amounts.
Premium Revolut
Revolut Premium is a multi-currency account offered by the eponymous online bank that allows you to make payments and transfers of money around the world by taking advantage of the currency exchange without fees.
It is also allowed to associate up to 3 real credit cards and 5 virtual cards to the account and, finally, for travelers, they are available free of charge:
- Medical insurance
- Luggage and flight insurance
- Global Travel Insurance including Hearings for Medical and Dental Care
- Smart Day service to offer comfortable accommodation inside the airport in case of flight delay
Let’s see what the costs are. Revolut Premium presents a monthly fee of 7.99 euros per month, but discounts are provided for advance payments.
To open your checking account, you need to follow these steps:
- Download the free app from the Revolut website or from the App Store or Google Play
- Once downloaded, you will have to indicate your name, surname, address, e-mail and personal access code and insert a copy of a valid identity document.
- At this point you can make the recognition with an operator through the webcam of your phone
To activate the account you must first make a reload of 10 euros with Google Pay, Bank Transfer or other, credit card) and request the Mastercard debit card that will be sent directly to your home.
N26 You
We’ve already talked about N26 You when we talked about the best online accounts, so the only thing to add is that this product is definitely a great solution even for those who need to make foreign transactions.
In addition to unlimited free payments online and in stores anywhere in the world and in any currency, this account/card also allows you to enjoy:
- Unlimited free withdrawals in foreign currency
- Travel insurance
- Medical insurance
- Travel cancellation insurance
- Flight and/or baggage delay insurance
- Insurance rental car abroad
- Ski and winter sports insurance
- Theft insurance or smartphone damage
We also quickly summarize the costs: €9.90 per month + 10 € for each additional card in addition to the first.
The opening request as we said is made online, without documents to sign, all you have to do is go to the site and click “Open the Account”.
You will not even need to make refills, but to make the account active you will have to have a minimum credit on the account.
Hype Next by Banca Sella
The Hype Next by Banca Sella is not a real international online account, but still allows you to make payments and withdrawals abroad so it is a valid (and economic!) alternative even for travelers.
We have already seen the Hype Smart account and, compared to the latter, Hype Next account has the same advantages (debt card, unlimited annual reload, SEPA transfers and free instant transfers) plus some additional features such as the withdrawal of free cash from the ATM of the Sella Group, of Other Banks, both in the EU area and in the Extra EU area.
The online account of Hype Next has a monthly cost of 2.90 euros and in the fee is obviously also included a debit card of the Mastercard circuit that you can also use abroad.
The opening of the account is done online, on the official website of Hype or through the app.
Bunq Account
Conto Bunq is managed by the homonymous European online bank that likes to define itself as “Bank of the Free” because of its open relationship with its customers.
His account proposal is divided into 5 different types of subscription:
- Travel and travel
- Joint
- Premium and Premium
- Premium SuperGreen
- Business and Business
Leaving aside the Business subscription, aimed at companies, and the Travel one, which is ultimately only a card, the other solutions offer the possibility of making unlimited withdrawals and payments abroad, even in currency other than the euro, without commissions beyond those provided for the exchange.
In the case of the Travel version we are simply talking about a card. Carta Travel is a credit card of the Mastercard circuit designed for travelers. What are his costs?
Costs range from €7.99 to €19.99 per month depending on the product, depending on the costs, also changing the number of cards included and the free withdrawal limit from ATM.
Being a product of a digital bank, Bunq account can be completely managed in the app and the opening is also done online while keeping at hand:
- Smartphones and smartphone
- Valid identity document
Simply download the free Bunq app and in a few minutes you will have your Bunq account open and working!
Noelse
Finally, we see Noelse, a project that is actually still at the initial stage but that will soon become (finally) reality!
In any case, this new online bank based in Europe has already stated that it will offer its users multi-currency accounts for payments in the non-EU area, along with tools to manage their investments and payments in cryptocurrencies.
That’s great, isn’t it? The costs of these advanced services are not yet known since the products have not yet been launched, but by going on the site it is already possible to request and get their Ambassador card (free) that will also entitle you to some discounts.
I advise you to keep an eye on Noelse in the near future because we are sure that, even if it will not be a real revolution, we will certainly see some beautiful ones!
The best 5 accounts for pensioners
Since, by law, even those who receive the pension cannot have the money that is due to them in cash, but only through a credit in the current account, a ministerial decree published in 2018 has established the possibility, for those who receive a pension of less than 18,000 euros gross per year, to request a free basic current account.
This type of current account generally provides the possibility to make at least:
- 12 outgoing transfers and 36 incoming
- 12 cash or cheque payments
- 6 withdrawal operations at the counter
- 12 withdrawals per year in free cash at the counter
- Free unlimited payments with debit card
However, since the basic account for pensioners has limitations, it is always good to verify that, in the offer of the bank, there is no more convenient current account that provides for the possibility of making a greater number of transactions and above all to take advantage of more advanced services and products such as prepaid cards, credit cards, chat assistance and alert services in the app or via SMS.
Here is a list of the 5 best zero expenses accounts (or at reduced costs) that can also be good for pensioners in addition to the base account.
The Basic Sparkasse Account
The Sparkasse Basic Account, the largest credit institution in South Tyrol, has a fee of only €2 per month which also includes the debit card and no commission on withdrawals at the Bank’s ATMs.
Zero expenses also for internet banking and to pay cash and check at the counter. Everything else (checks, transfers, withdrawals at other banks, payment of bulletins and so on) is paid, but only if you use it.
For the opening you do not have to go to the branch, but you can proceed directly online.
N26 base
We have already talked about Banca N26’s products about the best accounts for minors and for those who want to travel abroad.
For those who are retired, this bank offers the opportunity of a zero-cost digital account, which can also be used abroad because today’s pensioners, you know, also love travel, which does not present opening and management costs and has up to 3 withdrawals per month free, zero bubble tax and zero commissions for transfers and credit card.
Incredible not to find? Account N26 base can be opened online like all other accounts of this institution.
Contomax of Banca Ifis
Here is another zero expense account that provides, among other things, also the possibility of putting constraints on the sums deposited to obtain higher interest.
This is Banca Ifis’ Contomax, a good savings/investment solution that is also valid for pensioners for flexibility and reduced costs.
Opening expenses and rent are free as well as the debit card and credit transfers in euros, while withdrawals are free the first 5 of the month, while you pay 2 euros from the next.
The Contomax current account can be opened directly online, filling out the opening form on the bank’s website, or as an alternative to the call center.
Account Now of Credit Agricole
Are you looking for a bank account for zero-cost retirees that also gives you a tangible asset? Then I count Now to Credit Agrile who regals to you, at the time of opening, an Amazon Good of 100 € is the one for you.
Specifically, it is an online account (so you can open it and manage it directly through the digital channels of the institution that provides it) which also presents opening costs, monthly fee, online transfer fees and withdrawals at ATMs of the free group (you pay instead for the transfers to the counter and for withdrawals at ATMs of other banks).
The debit card is also free, while if you want to add a Nexi credit card the first year is free while from the second you pay an annual fee of 30.99 euros.
My Genius Unicredit basic version (without the activation of extra modules)
We conclude the roundup of the best accounts for pensioners with this product of Unicredit, the most solid and reliable Italian bank that, while presenting in its offer even complex and decidedly more expensive products, also offers the opportunity to open an account account at “quasi” equal to zero.
For the MyGenius base level account you pay only €1 per month with which you have:
- International ATM card with dual control system
- The evolved Multichannel Services
- Domiciliation utilities
- Accreditation of pension
- Payment with Apple Pay
Other than, therefore, the generic basic account for pensioners: here it seems to be right on another planet!
Even the opening of the account does not involve difficulties: just go directly to the site, send the request, upload the documents and take a selfie for facial authentication.
The best 5 accounts for families
The financial needs of a modern family are now truly exorbitant, so it is necessary to use tools that facilitate the management of your income and expenses such as, for example, a family current account.
If on the one hand, in fact, the services and features offered by one account for families are more or less the same as those of the other accounts, it is necessary that in this type of current account simplifications are provided on the management side, such as the possibility of the account of the account and / or the credit card to several people (usually, husband and wife).
What are the services offered by a family account? As anticipated, these do not differ much from those of other types of account, but in any case always check that there is the possibility to:
- Accredit the salary of both spouses
- Home homes and households
- Making payments for mortgages and/or financing
- Joint use of the ATM card or possibility to request two ATMs to be used simultaneously
- Cheques and credit cards co-owned
- Make and receive free transfers in unlimited numbers or at affordable costs
It also assesss that there is the possibility of obtaining a bank credit because you know, the expenses for the management of the family menage are many and in some cases it can come in handy.
DB Family of Deutsche Bank
The Frankfurt bank’s DB Family account is a truly comprehensive and cost-effective way to meet the needs of the whole family.
In fact, it guarantees all the features described above or almost applying a free fee for the first 6 months, while from the seventh month onwards the fee is €6 per month, reduced to 4 € if the credits of the last 30 days for transfers, salary / pension are more than € 75.
For the opening of the account, you must go to the branch.
Bank Posta Click
We often forget that even Poste Italiane today is a bank in all respects that offers, in addition to prepaid and rechargeable cards, also advanced and convenient current accounts such as BancoPosta Click, the online account with opening expenses and a monthly fee of zero.
Despite the low costs, BancoPosta also allows you to request ancillary services such as the activation of credit cards the salary / pension credit, the domiciliation of utilities and the uncover.
Attention, however, because for some of these services there are additional costs, moreover, while the withdrawals made at the post offices are free, to those made on bank ATMs a commission cost of 1.75 € per withdrawal is applied. Similarly, costs of €3.50 are applied on wire transfers.
A high advantage of BancoPosta accounts is of course the capillarity of offices and branches, so also the opening of the account and the request for direct assistance in case of problems should not lead to any difficulties.
Count Fineco
The Fineco current account, an online bank that is part of the Unicredit Group, is a simple current account, also suitable for families with low operations.
It is in fact a zero expense account, with a monthly fee of zero and zero opening costs, which also allows you to have debit and credit cards at no additional cost and unlimited operations.
The Fineco account offers the opportunity of obviously home user, pay bulletins and request the salary credit, as well as some additional services such as Smart withdrawals, without paper, from 100 to 1,000 euros per day, simply using the smartphone application.
You can also connect your Fineco account to your CashPark deposit account, without paying any activation or handling fee, so you have an additional tool to make your savings pay.
You can also access loans, personal loans, trusts, mini-defhins and mortgages to carry out your family projects.
The opening of the Fineco account is done online on the FinecoBank website.
Yellow Account of CheBanca
CheBanca, the credit institution of Mediobanca, offers Yellow account, which in addition to including all the functions of a normal current account also has a Dossier Titoli, selectable at will by the customer, to optimize online investments.
Conto Yellow has a monthly fee of 24 € which can be lowered or reset in various ways:
- By debiting the salary or pension;
- Receiving three monthly transfers of at least 800 euros each;
- By purchasing an investment product that has a value of at least 10 thousand euros;
- By sieking a Compass personal loan or a CheBanca mortgage!
How does Conto Yellow open? Obviously the opening procedure is done online, directly from the CheBanca website.
Widiba Account
Finally, among the current accounts, we also offer better conditions for families, Conto Widiba, the account of the eponymous online bank that is part of the Monte Paschi di Siena banking group.
This product, suitable for both singles and families, has no opening fees and also in monthly fee is zero for the first two years and also for the following, provided you set the salary credit and maintain an average stock of 5000 € per year.
The account provides many free functions and some for a fee, including the payment of postal bulletins, bank transfers and withdrawals in an extra European area.
The opening in this case is completely made from the bank’s website.
Our list stops here: now you just have to choose the account that best suits your needs for healthy management of your finances.
