Discover the XME Up Current Account: the Ideal Solution for Minors who Want to Learn to Manage their Money in a Simple and Safe World

Index

• How much does the XME Up account cost
• The Plus ands
• Other costs
• Limits
• Target: to whom they turn
• How to open the XME Up account
• Type of management
• Intesa Sanpaolo is safe
• Opinions on account XME Up
• Join the jadnews Club. It is free!

How much does the XME Up account cost

Account XME Up is available in a single variant and has a free monthly fee, and also the other costs such as withdrawals in Italy and abroad, transfers, sending a paper bank and paper renewal are reset.

The rate will remain unchanged until the age of 18. Upon reaching the age of majority, the XME Account UP can be converted into an account for adults while maintaining the same IBAN.

They are also included in the monthly fee of the account:

• O-Key Smart (virtual O-Key key);
• Credit transfers and pocket money;
• Cost of accounting registration of all transactions carried out;
• monthly fee sending statement and legal communications online and paper.

The Plus ands

Intesa San Paolo XME account Up provides some additional services such as:

• XME Piggy bank: whose purpose is to teach young people to set aside sums for future goals. The provision in this case can be carried out automatically through occasional or periodic transfers (see “Payth) service” or by rounding up payment transactions made on the account (bows, postal bulletins, etc.);
• XME dindi: electronic and innovative piggy bank to give to children, to keep their small savings in a simple and fun way;
• Pay: allows you to activate from the parents’ account at one of the banks of the Group a transfer that credits XME Conto Up! a recurring fixed amount.

However, it is not allowed for those who have an account of XME Up Intesa San Paolo request a credit card and the checkbook.

Other costs

• Cost of 2.00 euros for cash withdrawals with debit card at all ATMs, in Italy and abroad, other than those of Intesa Sanpaolo;
• Cost of 1.00 euros for SEPA Banks in euros online.

However, even these costs are in free promotion and at the expense of the bank for all those who activate the account until 31 December 2021.

Limits

XME account Up has the following limits:

• Up to 20,000 euros: maximum amount that can be taken on the account, including those present in the piggy bank;
• Within 200 euros per day and 1,700 euros per month: maximum spending limits that you can establish (unless you decide to customize them by choosing sums lower than those set).

Target: to whom they turn

The XME account of Intesa Sanpaolo is aimed at all those who have not reached the age of majority. If the holder is also at least 8 years old, it is also possible to request a debit card, otherwise the account works only as a deposit but does not give the possibility to make payments or withdrawals.

How to open the XME Up account

XME UP Account can be opened online or directly in the branch by one of the parents of the minor to whom the account must be made. In order to open it through the site, the parent must already be the owner of the My Key contract of Intesa San Paolo and have activated the remote service.

Type of management

Account XME Up Intesa San Paolo can also be managed completely online from the site, or through the bank’s free mobile app.

Through these channels you can also choose the ways in which your child can make payments and withdrawals with the account and with the cards, setting, for example, how much they can withdraw per day.

Intesa Sanpaolo is safe

Intesa Sanpaolo, which was born from the 2007 merger between Banca Intesa and the Sanpaolo IMI Group, is one of the most important European groups and the largest Italian banking group with over 7.1 million customers active between individuals and companies.

However, to be sure of its reliability, I recommend you go and see the indicators of economic stability. Well, Intesa Sanpaolo’s CET1 Ratio is 15.06%, much higher than the security threshold imposed by the ECB.

Opinions on account XME Up

We just have to take a look at the XME account Up opinions.

In fact, there are many credit institutions that offer current account solutions even for minors, so it is not easy to immediately understand which one is right for you.

The product is currently in promotion with a discount of a total of 6 euros that resets, in fact, the cost of the fee.

Nothing to say also from the point of view of operation: the limits set for the storage, payments and withdrawals are completely normal with this type of account and an interesting aspect is that the parent also has the possibility to lower them if he considered it useful to limit and control the expenses of the child.

I remind you that in this XME account Up review, that the accounts for minors also have an educational function because one of the objectives is to sensitize young people on the issue of controlling expenses and savings, aspects that this account under 18 of Intesa Sanpaolo seems to us to be perfectly grasped thanks also to the Salvadanaio and Paghetta service.