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illimity — Italian digital-first bank focused on SME credit and digital-direct retail accounts (illimitybank.com), supervised by Banca d'Italia.

HQ
Milan
Customers
100k+ retail clients (illimitybank.com)
Connection
PSD2 (read-only)

  • Current accounts and salary inflows

    Your illimity current account, with salary credits tagged and outflows auto-categorised on the same taxonomy as your other banks.

  • Savings, deposits and pots

    Easy-access savings, fixed-term deposits and goal-based pots offered by illimity are read alongside the current account so the full balance is never split.

  • Cards and recurring spend

    Debit-card and credit-card transactions are auto-categorised, with card-on-file subscriptions detected as recurring monthly spend.

  • Standing orders and direct debits

    Mortgage payments, rent, utilities and SEPA direct debits hitting your illimity account are detected so non-discretionary outflows are clear month-on-month.

  • Current accounts

    Read by Bank AI

    Read-only view of your daily spending account: balance, transactions, IBAN. Bank AI never moves the money - it stays in the bank.

  • Savings accounts

    Read by Bank AI

    Easy-access savings, vaults, fixed-term deposits and pots are read alongside the current account so the full balance picture is never split.

  • Joint accounts

    Not yet supported

    Joint accounts are read for every co-holder who connects the bank under their own consent - each member sees the same balances and transactions.

  • Business accounts

    Read by Bank AI

    Where the bank exposes business / SME / freelancer accounts via PSD2, they are read alongside personal accounts and tagged separately for clean reporting.

  • Multi-currency balances

    Not yet supported

    Multi-currency wallets surface every currency you hold separately, with FX rates applied so home-currency net worth stays accurate.

  • Debit and credit cards

    Read by Bank AI

    Card-only products without a full IBAN account are read for spend, statements and standing orders just like a current account.

Auto-classified merchants

  • Amazon
  • Esselunga
  • Glovo
  • Apple
  • Booking.com
  • Trenitalia
  • Eni Plenitude
  • Decathlon

Detected subscriptions

  • Netflix
  • Spotify
  • DAZN
  • Disney+
  • Iliad
  • Vodafone

  • Compare my illimity time-deposit yield with the rate offered last quarter.
  • List every recurring direct debit on my illimitybank.com account.
  • How much have I paid in illimity account fees year to date?
  • Show my illimity card spend at Glovo and Esselunga this month.

Does Bank AI move money on my illimity account?

No. Bank AI is read-only by design. Transfers, payments and standing orders continue to happen inside illimity. Bank AI surfaces balances, transactions and recurring totals; every action remains under your control inside the illimity app.

How does Bank AI connect to illimity?

illimity exposes account data via PSD2. Bank AI uses licensed Account Information Service Providers (AISPs) to read balances, transactions and standing orders; Strong Customer Authentication is enforced every 90 days as the rules require.

Is illimity the same as Hype?

illimity owns 50% of Hype (the Banca Sella JV); illimitybank.com is illimity's own direct-to-retail brand. Bank AI reads each one as its own connection.

Does Bank AI surface my illimity time-deposit accounts?

Yes. Time-deposit balances are read as distinct sub-balances, with maturities and accrued interest surfaced where illimity exposes them via PSD2.

What about illimity SME / business accounts?

Where illimity exposes business / partita IVA accounts under PSD2, they appear under your illimity connection and are tagged separately for clean SME reporting.

What happens if illimity raises a connectivity error?

PSD2 connections occasionally require re-authentication (the 90-day SCA refresh) or fail because of a illimity-side maintenance window. Bank AI shows a clear status pill on the connection and prompts you to re-authenticate without losing any of your data.

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