illimity Review
Comprehensive review and analysis of illimity's digital banking services
Quick Facts
- Founded
- 2019
- Head Office
- Italy
- Active Customers
- 200,000+
- Total Funding
- €600 million
- Employees
- 800+
- App Store Rating
- 4.6/5
Pros & Cons
Pros
- High interest rates
- Advanced digital features
- Investment options
- Open banking integration
- Strong security
- Professional services
Cons
- Limited international features
- Italy-only availability
- Some features require premium
- No physical branches
Supported Countries
- Italy
Fees
- Basic Account Free
- Plus Account €8/month
- Card Issue Free
- ATM Withdrawals Free in Italy
- Foreign Transactions 1.5% fee
Overview
illimity has established itself as a leading digital bank in Italy since 2019. Their platform combines innovative banking services with competitive interest rates and investment options, catering to both personal and business customers.
Key Features
Banking Services
- Current accounts
- Savings accounts
- Investment products
- Credit cards
- Personal loans
- Business banking
Digital Features
- Mobile banking
- Open banking
- Real-time notifications
- Spending analytics
- Budget management
- Payment scheduling
Investment Options
- Fixed deposits
- Investment accounts
- Portfolio management
- Market analysis
- Trading platform
- Wealth advisory
Business Services
- Business accounts
- Corporate lending
- Treasury management
- Payment solutions
- Trade finance
- Advisory services
Security Features
- Advanced encryption
- Biometric authentication
- Transaction monitoring
- Fraud detection
- Device management
- 24/7 security
Customer Support
- 24/7 assistance
- Video banking
- Email support
- Chat support
- Help center
- Professional advisory
Verdict
illimity excels in providing comprehensive digital banking services with competitive rates and modern features. Their combination of personal and business banking solutions makes them particularly valuable for customers seeking a full-service digital bank.
While the platform is limited to Italy with some features requiring premium subscriptions, it offers excellent value through high interest rates and advanced digital capabilities. For Italian customers seeking a modern banking experience with strong investment options, illimity provides an excellent solution.