Can someone tell me if some banks in Italy charge a fixed €3 for cash withdrawals regardless of the amount? I’m looking at the terms of different banks and can’t figure out whether this is standard practice or depends on the specific bank. Does it make sense to withdraw a larger amount at once to avoid overpaying on fees?
Complete comparison of banks for Russians in Italy 2026 - fees, which ones open accounts, which refuse:
ISY Bank and UniCredit Buddy - free. Intesa - €7.5/month. Revolut - free, but blocks accounts if the residence permit is expired.
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For me at Intesa the terms were totally different — it depends on the account type and the tariff; I don’t recall them charging a fixed €3 for withdrawals. Better ask directly at a branch which tariff you’re on; sometimes they put one plan in when you open the account and you can later switch to a more favorable one.
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Which bank is it? Because terms vary a lot from bank to bank, and they also depend on your pricing plan. In some banks, withdrawals at their own ATMs are free, but at other banks they do charge a fixed fee at foreign ATMs. If I were you, I’d go into a branch and ask for a printout of the terms for your account.
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Basically, €3 isn’t some kind of standard — each bank sets its own terms. And even within the same bank fees can vary depending on which account you picked when you opened it. It makes sense to withdraw more at once if the fee is fixed rather than a percentage.
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The main issue here isn’t the withdrawal fee but which plan you’re on, because with basic plans they usually charge both maintenance and transaction fees. If it’s a fixed fee, then yeah — it makes sense to withdraw less often and in larger amounts; the math is simple. But I’d first check whether your bank has its own ATMs nearby, because those are often free.
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Also, keep in mind that many banks are now pushing cashless payments and are gradually worsening conditions for cash withdrawals — so even if it’s €3 now, in six months it could be €5. I’d personally look not at the withdrawal fee but at the total annual cost of maintaining the account, because sometimes a “free” account ends up being more expensive than a paid one with decent terms.
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actually, if the fee really bugs you, you can try switching your plan - often you can do it through the app, you don’t even have to go to a branch. and yeah, they’re pushing cashless payments more and more here, many people hardly ever withdraw cash anymore
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