Banca Progetto

Banca Progetto is an Italian bank focused on gathering retail funding through online deposit products and on lending to households and small and medium-sized enterprises. It operates under the supervision of the Bank of Italy and participates in the Fondo Interbancario di Tutela dei Depositi, which protects eligible deposits up to €100,000 per depositor per bank. On the retail side, it offers a digital savings account with variable interest and fixed-term deposits accessible via web and mobile, typically funded and repaid by SEPA transfers to and from an external current account; these are savings products rather than transactional current accounts, so payment tools such as cards, ATM withdrawals, and bill domiciliation are generally not available. Onboarding is conducted online with standard identity and anti–money laundering checks, often requiring a named reference account in the customer’s name. Interest calculation, crediting frequency, any promotional rates, and early redemption rules are defined in the product information sheets; fixed-term deposits usually cannot be closed early, while the savings account allows transfers subject to cut-off times and operational limits. Pricing is straightforward, with limited fees on deposit products, but statutory Italian taxes apply (26% withholding on interest and 0.20% annual stamp duty on balances unless the current offer specifies otherwise). Cash and checks are not supported; funding and withdrawals occur via SEPA, and availability depends on banking cut-offs and interbank settlement times. The bank’s lending activity includes salary- and pension-backed loans (cessione del quinto) and financing solutions for SMEs such as factoring and structured lending, typically distributed through intermediaries. Access and payments authentication follow European strong customer authentication requirements, and documents and communications are provided digitally. Product availability, rates, limits, eligibility, and service levels change over time, so prospective customers should review the latest pre-contractual documentation, fee schedules, deposit caps, and withdrawal conditions on the bank’s website before applying.