Illimity Bank Account and Services Agreement
This document details the terms and conditions for opening and managing an illimity bank account, covering both the Classic and Premium packages, along with associated services.
Account Costs and Services Summary
This section provides a summary of the costs associated with the illimity account and related services.
| Condition | Effective Date | Value | Expiry Date |
|---|---|---|---|
| Credit Interest Rate - Premium Package | |||
| Account Fee - Classic Package | |||
| Account Fee - Premium Package |
The following sections detail the economic conditions applicable to the contract. Any conditions present in the "Economic Conditions at Expiry" section are only shown with their subsequent expiry date value.
Key Economic Conditions
Clients subscribing to this Contract acknowledge their right to switch from the Classic to the Premium package at any time. Once the Premium package is chosen, it is not possible to revert to the Classic package. The economic conditions detailed below apply based on the chosen package.
Classic Package
| Fixed Expenses | Fees for Account Opening | Annual Fee for Account Maintenance |
|---|---|---|
| 0.00 euro | ||
| Quarterly Fee | 9.00 euro | |
| Fiscal Charges (Stamp Duty for average annual balance >= 5,000 euro) | 34.20 euro | |
| Total Annual Fees (with quarterly debit) | 70.20 euro |
The quarterly fee is waived if at least one of the following conditions is met each month:
- Salary or pension credited during the month.
- Deposited sums in savings accounts, without early withdrawal facility, equal to or exceeding 5,000 euro at the end of the day of the reference month.
The quarterly fee is discounted by 3.00 euro for each month in the quarter where at least one of the above conditions is met. The account opening month's quarterly fee is waived.
Variable Expenses
| Expense Type | Description | Cost |
|---|---|---|
| Account Maintenance Fee | Included in annual fee | 0.00 euro |
| Interest Calculation and Competence Fees | 0.00 euro | |
| Chequebook Issuance | Service not available | |
| Annual Fee for Internet and Phone Banking | 0.00 euro | |
| Account Statements | Online: 0.00 euro; Paper (upon request): 0.55 euro | |
| Documentation for individual operations | 6.25 euro | |
| Other communications (e.g., summary document) | Online: 0.00 euro; Paper (upon request): 0.55 euro | |
| SEPA Transfer (to own bank) | Internet Banking: 0.00 euro; Telephone Banking: 0.00 euro | |
| SEPA Transfer (to Italy and other SEE countries) | Internet Banking: 0.00 euro; Telephone Banking: 0.00 euro | |
| SEPA Transfer (to non-SEE countries) | Internet Banking: 8.00 euro; Telephone Banking: 8.00 euro | |
| Standing Order (Italy) | Internet Banking: 0.00 euro | |
| Direct Debit | 0.00 euro | |
| Interest on Credit Balances | Nominal annual rate: None |
FIDI AND OVERDRAFTS
| Category | Description | Rate |
|---|---|---|
| Overdraft Interest Rate (Nominal Annual) | Not applicable | |
| Comprehensive Commission | Not applicable | |
| Overdraft Interest Rate (Extra-Fido) | Not applicable | |
| Quick Istruttoria Commission for Extra-Fido | Not applicable | |
| Overdraft Interest Rate (No Fido) | 10.00% | |
| Quick Istruttoria Commission for No Fido | Daily maximum: 25.00 euro; Quarterly maximum: 200.00 euro |
The Commissione di Istruttoria Veloce (CIV) is waived if the total overdraft is less than or equal to 500.00 euro and does not exceed seven consecutive days within the quarter. It is also waived for payments made to the bank itself. The CIV is not charged if the overdraft or increase in overdraft is less than 100.00 euro at the end of the day.
Premium Package
The Premium Package includes the same services as the Classic Package, with additional benefits and priority customer service. Specific conditions for cards and related operations are detailed in the respective product summary documents.
Premium Package - Key Economic Conditions
| Fixed Expenses | Fees for Account Opening | Quarterly Fee |
|---|---|---|
| 0.00 euro | 21.00 euro | |
| Fiscal Charges (Stamp Duty for average annual balance >= 5,000 euro) | 0.00 euro | |
| Total Annual Fees (with quarterly debit) | 84.00 euro |
The quarterly fee for the Premium package is waived for the calendar month of account opening. The quarterly fee is discounted by 7.00 euro for the calendar month of switching from Classic to Premium.
Glossary
Direct Debit: Authorizes a third party (beneficiary) to request a transfer of funds from the client's account to the beneficiary's account.
Bonifico - SEPA: Bank transfer within SEPA countries.
Bonifico - Extra SEPA: Bank transfer to countries outside SEPA.
Annual Fee: Fixed costs for account management.
