Illimity — Free Service Overview
Illimity is a free Banking & Payments service. Browse features, available discounts, and alternatives below.
Updated: May 2026
About Illimity
Illimity — full review and pricing
Quick facts. Illimity is operated by illimity Bank S.p.A., headquartered in Milan, Italy, with the brand established in 2018 by Corrado Passera (former Intesa Sanpaolo CEO). The operator is publicly traded on Borsa Italiana (BIT:ILTY); Banca Ifis launched a takeover bid in 2025. Illimity positions itself as an Italian online challenger bank focused on SMEs and distressed credit, competing with Banca Mediolanum and CheBanca!, billed via the tier structure detailed below.
Illimity markets a banking & payments subscription targeted at users who want a fully-managed product without piecing it together themselves. The pricing snapshot below pulls Subger's live tracker, so anchor prices stay current as Illimity adjusts published rates. The rest of this page details the operator, current tiers, feature coverage, support reach and 10 short FAQs.
Operator background
Illimity runs under illimity Bank S.p.A., headquartered in Milan, Italy. The product was established in 2018 by Corrado Passera (former Intesa Sanpaolo CEO), and the company is currently publicly traded on Borsa Italiana (BIT:ILTY); Banca Ifis launched a takeover bid in 2025. Illimity sits in the banking & payments category and competes for the same recurring spend as nearby banking & payments brands on this site. See related coverage in /en/us/promo and /en/us/deal for cross-brand context.
Headquarters and corporate status
- Legal entity: illimity Bank S.p.A.
- HQ: Milan, Italy
- Founded / launched: 2018 by Corrado Passera (former Intesa Sanpaolo CEO)
- Ownership: publicly traded on Borsa Italiana (BIT:ILTY); Banca Ifis launched a takeover bid in 2025
The operator's corporate status determines who you contract with at checkout — typically the legal entity above, even if billing goes through a regional reseller.
Why Illimity matters in banking & payments
Illimity positions itself as an Italian online challenger bank focused on SMEs and distressed credit, competing with Banca Mediolanum and CheBanca!. The 2024-2025 differentiator: 2024-2025 Banca Ifis launched a takeover bid for illimity in 2025; meanwhile the bank continued its SME lending and distressed-credit specialization.
Pricing and tier structure
Current tier structure: Free conto corrente; illimitybank.com premium accounts up to €240/year. The anchor price referenced for headline comparison is Conto Premium ~€10/month.
Plan grid
| Plan | Anchor price | Notes |
|---|---|---|
| Entry / free tier | See plan grid | Limited or free access where offered |
| Mid plan | Conto Premium ~€10/month | Headline tier referenced above |
| Top plan | See plan grid | Adds upgraded benefits or higher allowances |
What changes between tiers
Higher tiers typically unlock larger allowances, additional household members or extra premium content; entry tiers exist for trial usage. Live prices in the Subger plan tracker override these anchors when Illimity adjusts published rates.
Recent pricing context (2024-2025)
2024-2025 Banca Ifis launched a takeover bid for illimity in 2025; meanwhile the bank continued its SME lending and distressed-credit specialization. Annual commitments commonly trim 10-20% off the headline monthly rate; check the live grid above before purchase.
Feature coverage
Illimity ships with the following named capabilities relevant to banking & payments:
- Italian online conto corrente with IBAN
- MasterCard debit and credit options
- SME lending and distressed-credit specialization
- High-yield savings deposits
- Mobile-first banking app
Feature matrix
| Feature area | Coverage |
|---|---|
| Headline use case | An italian online challenger bank focused on smes and distressed credit, competing with banca mediolanum and chebanca! |
| Platform support | Mobile + web where applicable |
| Payment options | Local + card |
| Customer support | Operator-provided channels |
| Geographic scope | Operator footprint |
Platform and device reach
Coverage spans the operator's published device list — typically modern iOS and Android plus a web client; some categories add desktop apps, smart-TV apps or vehicle integrations where relevant. Check the vendor's "Supported devices" page if you depend on a less common platform.
Regulatory status and deposit protection
The operator is licensed by the national banking supervisor and deposits up to the local insurance ceiling are protected (FDIC, FSCS, FSCS-equivalent or national deposit-insurance scheme).
What this means for buyers
The category-specific behaviour above is the single biggest factor when comparing Illimity against alternatives in the same banking & payments bracket. Buyers who care about the feature mix detailed here will typically rank Illimity higher than buyers focused on price alone.
Support, billing and account management
Illimity offers customer support through the operator's standard channels — typically an in-app help centre, email contact and (for paid tiers) live chat or phone support during business hours.
Cancellation and refunds
You can cancel Illimity directly from the account dashboard. Refund policy follows the operator's published terms; many banking & payments services prorate or do not refund partial periods after the renewal date. See the cancel guide hub for the standard cancellation workflow.
Free trials and money-back
Free trials, money-back windows and intro pricing vary by tier and country. Anchor: Conto Premium ~€10/month.
Comparison context
In the banking & payments category, Illimity competes with nearby brands you can browse via /en/us/compare. Buyers commonly look at Illimity alongside two or three peers before committing — the side-by-side compare table on this site lets you stack feature coverage and price in one view.
When Illimity is the right pick
- You want an Italian online challenger bank focused on SMEs and distressed credit, competing with Banca Mediolanum and CheBanca! and the feature mix listed above
- The anchor price (Conto Premium ~€10/month) fits the budget
- The operator's footprint covers your country
When to look elsewhere
- You need a specific feature Illimity does not list
- You are in a country outside the operator's main footprint
- The 2024-2025 differentiator (2024-2025 Banca Ifis launched a takeover bid for illimity in 2025; meanwhile the bank continued its SME lending and distressed-credit specialization) is not relevant to your use case
Frequently asked questions
What is Illimity?
Illimity is a banking & payments subscription operated by illimity Bank S.p.A. out of Milan, Italy, established in 2018 by Corrado Passera (former Intesa Sanpaolo CEO). It is currently publicly traded on Borsa Italiana (BIT:ILTY); Banca Ifis launched a takeover bid in 2025.
How much does Illimity cost?
Current tier structure: Free conto corrente; illimitybank.com premium accounts up to €240/year. Anchor headline price: Conto Premium ~€10/month. See the pricing table above for the live grid.
Who owns Illimity?
The brand is owned and operated by illimity Bank S.p.A.. Corporate status: publicly traded on Borsa Italiana (BIT:ILTY); Banca Ifis launched a takeover bid in 2025.
Where is Illimity available?
Illimity operates from Milan, Italy with country availability tied to the operator's footprint and licensing reach. Cross-check the vendor's region list before subscribing if you travel often.
Can I cancel Illimity any time?
Yes — cancellation runs through the operator's account dashboard. See the cancel guide hub for the standard workflow and country-specific notes.
Does Illimity offer a free trial?
Free-trial availability varies by tier and country. The anchor price (Conto Premium ~€10/month) is the post-trial headline rate; trials, when offered, run 7 to 30 days depending on promo.
What payment methods does Illimity accept?
Payment methods follow the operator's checkout — typically major cards (Visa, Mastercard, Amex) plus locally-relevant alternatives like Apple Pay, Google Pay or country-specific wallets.
Is Illimity worth it in 2025?
Illimity's 2025 value depends on the feature mix you actually use. The 2024-2025 update — 2024-2025 Banca Ifis launched a takeover bid for illimity in 2025; meanwhile the bank continued its SME lending and distressed-credit specialization — is the single most relevant signal for current-year buyers.
How is Illimity different from competitors?
Illimity differentiates as an Italian online challenger bank focused on SMEs and distressed credit, competing with Banca Mediolanum and CheBanca!. The operator background, founding year (2018 by Corrado Passera (former Intesa Sanpaolo CEO)) and 2024-2025 update give buyers a sense of where the brand sits versus alternatives.
Where can I track Illimity pricing changes?
Subger's live tracker updates the anchor price (Conto Premium ~€10/month) automatically when Illimity adjusts published rates. Bookmark the Subger Illimity page and check the pricing table above.
Sources and updates
Operator + tier + ownership facts compiled from public vendor disclosures, press releases and regulatory filings current to 2024-2025. Anchor price: Conto Premium ~€10/month. Last refreshed at the timestamp in Subger's plan tracker.
Related on Subger
Browse adjacent coverage:
Pricing
| Regional pricing | Conto Premium |
|---|---|
| 🇮🇹ItalyEUR | €7.00 |
Available Guides
Sources
Subger is not affiliated with, endorsed by, or connected to Illimity or its parent companies. All trademarks, service marks, and logos belong to their respective owners. Information on this page is provided for informational and comparison purposes only. Pricing and plan details are sourced from publicly available information and may not reflect current offerings — please verify with the official provider. If you are a representative of this service and believe any information is inaccurate, please contact us at info@subger.com.
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