Overview
HYPE Business, at a glance.
HYPE Business is a bank (banca sella brand) headquartered in Italy, regulated by Banca d'Italia. Business accounts cost €2.90 a month. Opening an account takes 3–5 days.
HYPE is a brand of Banca Sella S.p.A., an Italian bank. Deposits are covered by the Fondo Interbancario di Tutela dei Depositi up to €100,000.
Why businesses pick HYPE Business
- €2.90 a month, with no opening fee
- Free SEPA and instant transfers
- Free ATM withdrawals in Italy and abroad
- A World Mastercard with 1% cashback, virtual and physical
- A licensed bank with deposits protected up to €100,000
- Trustpilot score of 4.0 from more than 5,800 reviews
Watch out for
- Only for Italian sole traders (ditte individuali) and freelancers (liberi professionisti) with a partita IVA
- Companies of any form are refused, as are associations
- The holder must be tax resident in Italy
- Euro only, with no outgoing international (SWIFT) transfers
- Card payments in other currencies cost 1.5%
Business fit
Will HYPE Business accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on HYPE Business's published rules
Likely no
HYPE Business does not list United Kingdom among the countries where it accepts companies.
HYPE Business does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What HYPE Business publishes about the businesses it takes on.
Who HYPE Business serves
- Freelancers
- Startups and SMEs
- Professional services
- Creative
Not supported
Industries and countries HYPE Business does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use HYPE Business?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR only
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- Italy
Owner nationality
Not publishedOwner residency1 countries · show list
- Italy
Company types
Sole traders (ditte individuali) with a partita IVA, Freelancers (liberi professionisti) with a partita IVA, Not accepted: companies of any form, partnerships, associations
Pricing
What does HYPE Business cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
€2.9
HYPE Business
€2.9 per month
€0 setup · €34.8 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | Free | No charge |
| Outgoing | ||
| SEPA | Free | No charge |
| SEPA Instant | Free | No charge · Up to €10,000 each and €30,000 a day |
| SWIFT / international | Not offered | Not available |
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge |
| Physical card issue | Free | No charge |
| Card FX | 1.5% | Percentage of the amount |
| ATM withdrawal | Free | No charge · In Italy and abroad |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Who can open HYPE Business?
Only Italian sole traders (ditte individuali) and freelancers (liberi professionisti) with a partita IVA who are tax resident in Italy. Companies of any form, partnerships and associations are refused. Non-EU citizens also need an Italian residence permit.
Is HYPE a bank?
HYPE is a brand of Banca Sella S.p.A., an Italian bank on the Banca d'Italia register (ABI 03268). HYPE S.p.A. merged into Banca Sella on 30 March 2026. Deposits are protected up to €100,000.
How much does HYPE Business cost?
€2.90 a month (€34.80 a year), with no opening fee. SEPA and instant transfers and ATM withdrawals are free; card payments in other currencies cost 1.5%.
Can I send international payments with HYPE Business?
Only SEPA transfers in euros. Euro payments from outside SEPA can be received, but outgoing SWIFT transfers are not offered.
Alternatives
How HYPE Business compares.
If HYPE Business is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 HYPE BusinessThis pageBank (Banca Sella brand) |  | Low costItaly |
 N26 BusinessBank |  | FreelancersFree account |
 QontoPayment institution |  | FreelancersInvoicing tools |
 FinomE-money institution |  | Freelancers and small companiesInvoicing |
 Revolut BusinessBank |   | Cards and spend controlsStartups and SMEs |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.