ItalyOverview
Tot, at a glance.
Tot is a business account platform, money held at banca sella headquartered in Italy. Business accounts cost from €7 a month. Opening an account takes 3–5 days.
Tot is not a bank. All customer money is deposited with Banca Sella, and deposits are guaranteed up to €100,000 by the Italian interbank deposit protection fund (FITD).
Why businesses pick Tot
- An Italian IBAN with F24 and I24 tax payments, pagoPA, RiBa and direct debits
- A Visa Business credit card in every plan, with no issue fee
- Instant SEPA transfers at no extra cost within the EEA
- Open to sole traders, freelancers, associations and most Italian company forms
- Deposits guaranteed up to €100,000 through Banca Sella
- Trustpilot score of 4.2 from 784 reviews
Watch out for
- Only for businesses in Italy: the legal representative and every beneficial owner must live in Italy and hold an Italian identity document
- No more than five beneficial owners; companies in liquidation and condominiums are not accepted
- Euro only: payments received in another currency are converted to euro
- Outgoing SWIFT payments must be made at a Banca Sella branch
- Each plan includes a yearly number of outgoing operations; extra ones cost €0.50 each
- Cash withdrawals cost 3.99% on the Visa card and 2% on the Mastercard
Business fit
Will Tot 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 Tot's published rules
Likely no
Tot does not list United Kingdom among the countries where it accepts companies.
Tot 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 Tot publishes about the businesses it takes on.
Who Tot serves
- Startups and SMEs
- Freelancers
- Professional services
Not supported
Industries and countries Tot does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Tot?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR only
Payments received in another currency are converted to euro.
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 (ditta individuale), Freelancers (libero professionista), SRL and SRLS, SpA, Partnerships (SS, SNC, SAS, SAPA), Professional firms (studio associato), Cooperatives, Associations and religious bodies
Pricing
What does Tot 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
€7–95
depends on plan
Essentials
Lowest cost€7 per month
€0 setup · €84 in year one
Plus
€15 per month
€0 setup · €180 in year one
Smart
€35 per month
€0 setup · €420 in year one
Premium
€39 per month
€0 setup · €468 in year one
XLarge
€95 per month
€0 setup · €1,140 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | Free | No charge |
| Outgoing | ||
| SEPA | Free | No charge · Within the plan's yearly number of outgoing operations; then €0.50 each |
| SEPA Instant | Free | No charge · To EEA countries, within the plan's yearly number of outgoing operations |
Ranges span the plans; higher plans pay the lower end.
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge · Visa Business credit card; each extra Mastercard debit card costs €5 a month, or €1 for a virtual one |
| ATM withdrawal | 2–3.99% | Percentage of the amount; varies by plan · 2% on the Mastercard debit card, 3.99% on the Visa credit card |
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.
Is Tot a bank?
No. Tot S.p.A. is not a bank. Customer money is deposited with Banca Sella, and deposits are guaranteed up to €100,000 by the Italian interbank deposit protection fund.
How much does Tot cost?
Plans are billed once a year: Essentials €84, Plus €180, Smart €420, Premium €468 and XLarge €1,140, plus VAT. Opening is free and the first 30 days cost nothing. Each plan includes a yearly number of outgoing operations; extra ones cost €0.50.
Who can open a Tot account?
Businesses in Italy: sole traders, freelancers, SRLs, SpAs, partnerships, cooperatives and associations. The legal representative and every beneficial owner must live in Italy, and there can be no more than five beneficial owners.
Can I pay or get paid in other currencies?
The account is in euro only. SWIFT payments in other currencies are received through Banca Sella and converted to euro; outgoing SWIFT payments are made at a Banca Sella branch.
Alternatives
How Tot compares.
If Tot is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 TotThis pageBusiness account platform, money held at Banca Sella | Not published | Tax paymentsDeposit protection |
 QontoPayment institution |  | FreelancersInvoicing tools |
 FinomE-money institution |  | Freelancers and small companiesInvoicing |
 Revolut BusinessBank |   | Cards and spend controlsStartups and SMEs |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.