There are lots of banks located all over Milano, with a variety of packages, fees and costs available. You should choose the best one for you based on location and services available.
As a general rule, if you need/would like to open a bank account in Italy, you will need to present the following documents at the bank of your choice:
– Italian Tax Code (Codice Fiscale)
– an identity document (ID/passport)
Please be aware that Bocconi students have a bank account linked to their student ID card. This is a refillable debit card created through a collaboration between Banca Popolare di Sondrio and Bocconi University and it allows users to make payments or withdrawals in Italy and abroad, as well as place payments for purchases on the internet. More information on this card is available here. On the same card, the Visa payWave technology is available, a quick and safe payment option that allows card holders to make payments of less than €25.00 (micropayments), like many everyday purchases, in less than one second. Though not connected to a checking account, the card has an IBAN code which allows wire transfers to be completed and received.
The card can be easily activated at any branch of the Banca Popolare di Sondrio (the nearest is located in Via Bocconi 8) and can be used immediately.