Reply To: Cash Management costs in Italy

    Ciaran McMonagle
    I don’t find Italy any more expensive than our other SEPA markets on a transaction basis.  I would say that, unless it’s a standalone relationship with a global bank, pricing for SEPA should be consistent across SEPA markets where they have a local branch.  Of course, you could hold an account elsewhere, but, in my experience, local accounts with your main or preferred global cash management bank make sense for any number of reasons – tax payments, payroll (depending on who your provider is….) and also KYC/AML – I have seen too many cases where customers question or assign risk factors to ‘offshore’ accounts (which, in the SEPA world seems crazy, but it happens more often than I like to see).


    I guess RIBA is priced differently to SDD which might be one point of difference.