Banca Profilo
This bank is based in: Italy (BBB+)
• Start saving from €20,000 up to €100,000
• No fees, no subscriptions and Deposit Guarantee protected.
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About the Bank
Banca Profilo is an institution based in Milan, Italy, specialized in Private & Investment Banking. It has been offering services for the asset management of private and institutional clients and for the financial needs of companies since 1995. Banca Profilo was listed on the Borsa Italiana in 2007.
Deposit Guarantee Scheme
Deposits including accrued interest income are legally protected by the Italian Deposit Protection Fund up to an amount of EUR 100,000 per customer and per bank. Within the European Union, the minimum requirements are harmonized in all member states by Directives 94/19/EC, 2009/14/EC and 2014/49/EU. It should be noted that this protection relates to a customer's entire deposits with a bank. This is relevant if not only the deposits of a customer brokered via this platform were invested with a specific bank, but also other deposits of this customer were invested with the respective bank.
Tax process and documentation
Italian banks do not deduct tax on savings for Irish customers. This means your interest is paid in full (gross). For more details, please see the product information sheet.
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