The Best Multi-Currency Accounts in Italy in 2026

Best accounts for holding multiple currencies in Italy

I'd say choose around the currencies you receive and the way you spend them, rather than the largest number of balances alone.

Foreign receipts and matching-balance spending

9.2

Wise

Fees

0.1% - 2.6%

Exchange Rate Markup

0%

Transfer Speed

Minutes - 24 hours

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"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Italian banking with foreign balances

8.8

Revolut

Fees

0.3% - 1%

Exchange Rate Markup

0.1% - 0.6%

Transfer Speed

Minutes - 5 days

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"Revolut has 70+ million customers globally. You can hold up to 25+ currencies in the app and send money quickly in 25+ currencies to 140+ countries."

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Currency holding within local banking

?

Fineco

Fees

Exchange Rate Markup

Transfer Speed

Visit

Matching-balance card selection

?

bunq

Fees

Exchange Rate Markup

Transfer Speed

Visit

Currency holding and bank payments

5.5

Paysera

Fees

Exchange Rate Markup

Transfer Speed

Visit

Wise

Receive foreign money and spend the same balance

Wise lets Italian residents hold foreign income and use a matching-currency balance for card spending, without converting everything into euros first.

The receiving details depend on the currency, so forty balances do not mean forty separate local bank accounts.

Before sharing details with an employer, check whether they should use a domestic payment or an international SWIFT transfer.

Those receiving methods can carry different charges, especially when a US-dollar wire is compared with a local ACH payment.

You can keep the currency after it arrives, then convert only the amount needed for your Italian euro expenses.

For travel, paying from an existing matching balance avoids a fresh conversion, while an unavailable currency requires conversion with Wise’s fee.

The physical card costs €7, and withdrawals up to €250 a month avoid Wise’s withdrawal fee before the excess attracts 2.69%.

An ATM operator can still charge separately, so the free allowance does not guarantee that every withdrawal costs nothing.

I think Wise is worth considering for foreign receipts and matching-balance spending, while remembering that safeguarded payment money has different protection from an insured bank deposit.

The figures show conversion and transfer charges for payments from euros, which should be checked separately from card or ATM charges.

Revolut

Combine an Italian IBAN with foreign balances

Revolut combines an Italian euro account with 38 currency balances, so you can receive local salary and keep foreign money in the same app.

Check the receiving details for each currency rather than assume the Italian IBAN provides domestic payment details in every country.

The card can spend more currencies than the account can hold, so a supported purchase may still require an automatic conversion.

That conversion uses your plan’s allowance, together with other qualifying exchanges already completed during the monthly plan cycle.

On Standard, exchange above €1,000 incurs a 1% fair-use fee, and weekend exchange carries a separate 1% charge.

Keeping the required currency beforehand can avoid conversion at purchase, although buying that currency earlier may itself have incurred an exchange fee.

External foreign-currency bank payments also have separate pricing, which is relevant if you intend to move a balance to another account.

I'd say choose Revolut when the Italian account and travel spending belong together, then check whether the free allowance covers your expected conversions.

Its deposit guarantee applies across eligible balances at Revolut Bank UAB, rather than providing a separate €100,000 limit for every currency.

The figures show conversion and transfer charges for payments from euros, which should be checked separately from card or ATM charges.

Fineco Multicurrency

Keep foreign salary within an Italian bank account

Fineco adds foreign-currency balances to an Italian current account, allowing foreign salary and bank payments without converting every receipt into euros.

I think Fineco is worth considering for holding foreign income within a local bank, particularly when you also need payments from those balances.

The free activation initially enables dollars, pounds and Swiss francs, with other supported currencies enabled through the account settings.

Its holding and payment functions are separate from speculative forex products, and you do not need to treat the balance as an investment.

Most currency services have no monthly maintenance fee, but CHF, JPY and SEK have charges depending on the average balance.

For example, the Swiss-franc service charges CHF5.95 a month up to CHF5,000 average balance, then CHF19.95 above that threshold, subject to its low-balance waiver.

The euro account’s own plan also needs comparison, since Fineco One has no monthly account fee while Classic has different pricing.

Conversion includes a spread even when no separate exchange commission applies, so compare the final rate before moving money between currencies.

I suggest considering Fineco for foreign receipts and bank payments, while Wise or Revolut suit spending from matching currency balances.

bunq

Spend matching foreign balances alongside your euro banking

bunq’s foreign-currency accounts let Italian residents keep separate balances, with AutoSelect choosing the matching currency when paying by card.

The free plan’s account limit means you cannot open every available currency account simultaneously without considering which plan fits.

Core costs €3.99 a month and includes a physical card, making its subscription part of the comparison if you need one.

Foreign-currency receiving details use a different structure from the Italian euro account, so share the details for the intended currency.

GBP and USD local receipts carry a €0.70 charge, while SWIFT receipts have separate fees and can involve additional bank deductions.

Currency conversion has a 0.5% network fee, with a further weekend markup depending on which currencies you exchange.

A card payment from the matching balance avoids that new conversion, which is the main benefit of keeping travel money ready.

Current protection includes eligible non-euro deposits under the Dutch guarantee, so older descriptions excluding all foreign balances should not guide your decision.

I'd say compare the account limit and receiving charges alongside card use before choosing a plan for regular foreign income.

Paysera

Keep payment balances, with a separate euro card account

Paysera gives Italian residents a personal multi-currency payment account, but its separate euro card account changes how foreign balances are spent.

I think it is worth considering for keeping and transferring supported payment currencies, while comparing the card separately if travel spending is the main purpose.

Money moved into the card account in another currency is converted into euros, rather than preserved as that foreign card balance.

A later purchase in the original foreign currency can therefore involve another conversion through Visa, plus the applicable card charge.

That differs from using a dollar balance directly with Wise, Revolut or bunq for a dollar purchase.

The first digital or physical card costs €1 a month, and physical cards are currently unavailable for new orders.

Foreign-currency purchases in EU shops add €0.10 plus 0.70%, with a different charge for foreign purchases outside the EU.

Check the receiving instructions before arranging foreign salary, since the account’s currency support does not promise local bank details everywhere.

Paysera is an electronic money institution, so its safeguarded balances should be compared separately from insured deposits held with a bank.

Choose by receiving and spending, not just currency count

Foreign income and local receiving details

A balance in pounds or dollars does not automatically provide local UK or US bank details, so check the receiving instructions for your payer.

Wise offers selected local receiving details, while a bank's foreign-currency balance may require an international transfer with different sending or intermediary charges.

For a salary or regular receipt, confirm the account name, supported currency and payment rail before deciding that the largest holding count is best.

Travel spending and existing balances

For travel, I'd say choose a card that spends the matching held balance rather than buy foreign currency in an account the card cannot use directly.

Paying in the merchant's local currency avoids accepting the merchant's separate conversion into euros, although your card's own terms still determine any conversion charge.

A euro-only travel card can also be suitable for occasional spending, but that does not make it an account for keeping foreign income.

Conversion fees and monthly plans

Compare the amount of foreign currency bought with the same euro budget, including the rate, conversion charge and account-plan subscription.

An allowance may reset on a plan cycle rather than a calendar month, so check the account's timing before assuming your next conversion is included.

For an occasional foreign bill, international money transfer services from Italy can solve the payment without requiring you to keep several balances afterwards.

If price is your main concern, the cheapest ways to send money abroad from Italy covers payment funding and conversion costs in more detail.

Safeguarding and deposit protection

A regulated payment account and a bank deposit have different protection, even when both let you hold money and use a card.

Eligible bank-deposit protection is normally aggregated across your balances at the same bank, rather than renewed for every currency or account number.

For a substantial balance, check the legal account holder and protection terms instead of assuming an Italian-language app means an Italian bank deposit.

How to set up the account for your needs

Choose the account matching your actual receiving and spending needs, then check its current Italian terms before opening or moving a substantial balance.

When foreign income needs to move to another account, compare the transfer cost before deciding how much to convert.