MeglioBanca
MeglioBanca is the 100% digital banking brand of Italian cooperative bank Banca Popolare del Frusinate, offering free current accounts, deposit accounts, personal loans up to €30,000, and Nexi credit cards to Italian retail consumers and small businesses via its mobile app and website.
- Company typePrivate
- Founded1990
- HeadquartersFrosinone, Italy
- Headcount51–100
- GTM typeB2C
- OfferingServices
What MeglioBanca does
MeglioBanca is the 100% digital retail banking brand of Banca Popolare del Frusinate S.C.p.A., an Italian cooperative bank founded in 1990 and headquartered in Frosinone, Italy. It targets Italian resident consumers and small businesses seeking a fee-free, fully online banking alternative, offering a free current account opened via SPID or CIE digital identity, a Conto Deposito (up to 2.70-2.80% gross annual interest, always withdrawable), personal loans up to €30,000 at fixed rates from 5.00%, and Nexi-branded credit and debit cards. The product suite includes a promotional Turbo Cash 2.0 savings product offering 3.00% gross for six months on new-customer balances up to €300,000, and a free Trasloca Conto switch service that completes account migration in approximately 12 days.
The platform is a cloud-based digital banking stack delivered through the megliobanca.it website, iOS and Android native apps, and an Internet Banking portal. Technical features include SSL encryption, PSD2-compliant Strong Customer Authentication, biometric login via TouchID/FaceID with on-device storage, QR-code bill payment, GPS-based ATM locator, and a PSD2 open banking API exposed through SIA for third-party AISP/PISP integrations. The bank is licensed and supervised by Banca d'Italia, holds a CET 1 ratio of 19.2% as of 31 December 2024, and is covered by the FITD Italian deposit guarantee scheme up to €100,000 per depositor.
MeglioBanca operates a product-led growth model with no physical branches for retail customers: account opening, loan applications, deposit management, and card issuance are completed entirely online. Revenue is generated through net interest spread on deposits and personal loans, card interchange fees (Nexi), and standard banking service fees; the current account itself carries no maintenance fee. Customer acquisition runs through the website, app stores, organic social media (Facebook, Twitter, Instagram), email marketing, and a financial education content hub; switching from competitors is facilitated by the free Trasloca Conto service. The company is private and cooperatively owned by the parent BPF member-depositors, with no external venture or private equity investment disclosed.
MeglioBanca firmographics
Firmographics- Name
- MeglioBanca
- Legal name
- Banca Popolare del Frusinate S.C.p.A.
- Website
- https://megliobanca.it
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- MeglioBanca is the 100% digital banking brand of Italian cooperative bank Banca Popolare del Frusinate, offering free current accounts, deposit accounts, personal loans up to €30,000, and Nexi credit cards to Italian retail consumers and small businesses via its mobile app and website.
- Ownership category
- akta.pro rank
MeglioBanca industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Digital Banking & Neobank Platforms (BPAMAFAD)
Keywords
Where MeglioBanca is headquartered
LocationHeadquarters
- HQ city
- Frosinone
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
MeglioBanca business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Current Account Fees and Services: MeglioBanca generates revenue primarily through standard banking service fees, interchange fees on debit and credit cards, loan interest income, and spread on deposit products. The current account is offered at zero monthly fee, with revenue derived from transaction fees, card usage, and interest margin.
- Loan and Credit Products: The bank offers personal loans up to EUR 30,000 at fixed rates starting from 5.00%, generating interest income as the primary revenue driver from lending activities.
- Deposit Product Interest Spread: The bank accepts deposits via current and deposit accounts (Conto Deposito), paying interest up to 2.70-3.00% and earning the spread between lending and deposit rates.
- Credit Card Interchange: The Nexi credit card issued by MeglioBanca generates interchange revenue. The card is free the first year and permanently free for customers who move more than EUR 5,000 annually.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Free current account with zero maintenance fees |
| Subscription | Monthly | Turbo Cash 2.0 promotional savings rate - 3.00% for 6 months (new customers) |
| Subscription | Annual | Conto Deposito savings rates up to 2.70% gross |
| Subscription | Monthly | Personal loans from 5.00% fixed rate, up to EUR 30,000 |
| Subscription | Annual | Free credit card (first year), free forever if spending > EUR 5,000/year |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
MeglioBanca product offering
Product offeringCore offering
MeglioBanca is the 100% digital banking brand of Banca Popolare del Frusinate, offering a free digital current account (Conto Corrente) with zero maintenance fees, deposit accounts (Conto Deposito) with rates up to 2.70% gross and always-withdrawable funds, online personal loans (Prestiti Online) up to €30,000 at fixed rates from 5.00%, and Nexi-branded credit and debit cards. All services are delivered entirely online via web and mobile app, with account opening completed via SPID or CIE digital identity.
Product overview
MeglioBanca is the digital banking platform of Banca Popolare del Frusinate, offering a unified online banking platform with integrated products. The core offering centers on the Conto Corrente (current account) which serves as the primary account, bundled with a Conto Deposito for savings with competitive rates up to 2.70%, and Prestiti Online for personal loans up to €30,000. The product suite includes Nexi-branded credit and debit cards, a mobile app for full banking operations, and the promotional Turbo Cash 2.0 savings product. All services are delivered through a 100% digital model with no physical branch operations for MeglioBanca customers.
Differentiator
Problem solved
Functional benefit
Brands
- MeglioBanca: Online banking platform of Banca Popolare del Frusinate, offering 100% digital current accounts, deposit accounts, online loans, and credit cards with Internet Banking and mobile app access.
- Turbo Cash 2.0
- Conto Corrente MeglioBanca
- Conto Deposito MeglioBanca
- Prestiti Online MeglioBanca
- Carta di Credito Nexi MeglioBanca
Products and services
- Conto Corrente MeglioBanca A 100% digital current account with zero maintenance fees, opened online via SPID or CIE identity verification. Includes Internet Banking access and integration with other MeglioBanca products. Target audience: Italian adult residents seeking a free, fully digital banking experience.
- Conto Deposito MeglioBanca A deposit account with flexible terms from 3 months to 5 years, always withdrawable, offering gross interest rates up to 2.70% annually. Interest is paid at maturity. Minimum opening amount €5,000, maximum 6 deposits per month. Target audience: Italian savers seeking competitive returns with full liquidity.
- Prestiti Online MeglioBanca Online personal loans up to €30,000 with fixed interest rates starting from 5.00% annually. Full online application and processing. Target audience: Italian consumers seeking fast, digital personal financing.
- Carta di Credito Nexi MeglioBanca Nexi credit card accepted in Italy and abroad, featuring contactless payments. Free for the first year and permanently free for customers who spend more than €5,000 per year. Target audience: Italian consumers needing a versatile payment card.
- Nexi Debit MeglioBanca Debit card available through Internet Banking for ATM withdrawals and point-of-sale payments, provided by Nexi. Target audience: MeglioBanca account holders.
- Turbo Cash 2.0 Promotional savings product offering 3.00% annual interest for the first six months for new customers (up to €300,000) and 3.00% rate for existing customers on new liquidity deposited into their current account. Target audience: New and existing MeglioBanca customers seeking high promotional yields on deposits.
- Servizio Trasloca Conto Corrente Free account transfer service that handles all paperwork for customers switching from other banks, including RID/bill transfers, salary credits, and closure of previous account. Completed in approximately 12 days at no cost. Target audience: Customers switching from other banks to MeglioBanca.
Quantifiable outcome
- CET 1 ratio of 19.2% as of 31 December 2024 — among the most solid banks in Italy
- +4 more outcomes
Companies that use MeglioBanca
Customer profileSegments3 records
Ideal customer profiles2 records
MeglioBanca technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
MeglioBanca partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Banca Popolare del FrusinatecoreMeglioBanca is the digital banking brand (brand name) of Banca Popolare del Frusinate, a cooperative bank operating in the Frosinone province for over 30 years. Banca Popolare del Frusinate provides the banking license, regulatory oversight, capital backing, and institutional infrastructure (Pillar 3 disclosures, FITD coverage, DPO, whistleblowing) that MeglioBanca operates under as its online channel.
- Nexi Payments (CartaSi)coreNexi Payments (under the CartaSi brand) provides MeglioBanca-branded credit cards (Nexi MeglioBanca) and debit cards. The cards are accepted globally (Italy and abroad), support contactless payments, and include fraud protection. MeglioBanca distributes these cards free to eligible customers.
- SIA (Società Interbancaria Applicazioni)coreSIA provides the PSD2 Open Banking API infrastructure (portal) that enables MeglioBanca to comply with the EU Payment Services Directive 2 requirements. The SIA portal allows Third Party Providers (AISPs and PISPs) to access account information and initiate payments in compliance with EU regulations.
- FEduF (Fondazione per l'Educazione Finanziaria e al Risparmio)minorMeglioBanca is an associate member of FEduF, the Italian Foundation for Financial Education and Savings. Through this membership, the bank contributes to and promotes financial literacy initiatives, particularly targeting young people in the Frosinone territory, as part of its social responsibility and community engagement strategy.
- BaboopminorBaboop is an exclusive partner offering pet insurance products to MeglioBanca customers. The pet insurance policy is promoted on the MeglioBanca website with an immediate discount offer exclusively for MeglioBanca customers.
Scale indicators1 record
Recent moves6 records
Expansion highlights4 records
MeglioBanca competitors and assessment
Company assessmentDirect peers
- Hype: Italian mobile banking app offering free current accounts, payments, and savings features. Serves a similar Italian mass-market digital consumer segment as MeglioBanca.
- Illimity Bank: Italian digital-native bank offering current accounts, deposits, and lending products fully online. Closest direct competitor to MeglioBanca in the Italian neobank space, with a similar digital-first model and target on Italian consumers and SMEs.
- CheBanca! (Mediolanum): Italian digital bank offering online current accounts, deposits, and mortgages. Comparable to MeglioBanca on online-first deposit and consumer lending products serving Italian retail customers.
- Buddy Bank: Italian mobile-only neobank from UniCredit, offering free current accounts and fully digital onboarding via app. Directly comparable to MeglioBanca's 100% digital Italian consumer banking proposition.
Broad incumbents
- Banca Sella: Italian bank with a digital-first offering (Sella App and online current accounts). Comparable to MeglioBanca in providing digital banking services to Italian consumers while operating as an established regulated bank.
- Credem (Credito Emiliano): Established Italian regional bank with a strong digital banking channel and competitive deposit products. Comparable to MeglioBanca as a regional Italian bank expanding its digital and deposit franchise.
Emerging players
- Flowe (Mediolanum): Italian digital banking app focused on sustainable banking, current accounts, and savings. Comparable to MeglioBanca in targeting Italian digital-native consumers with mobile-first banking and impact-led features.
- N26 (Italy): German neobank with a sizable Italian user base, offering free current accounts, cards, and mobile-first banking. Comparable on product and target customer, although operating under a different European banking license.
- Satispay: Italian fintech offering mobile payments, savings, and now consumer credit products. Comparable to MeglioBanca on the Italian digital consumer financial-services target market, with overlapping features in payments and savings.
- Revolut (Italy): UK-headquartered neobank with strong Italian market presence, offering multi-currency accounts, cards, and savings. While not a chartered Italian bank, it competes directly for MeglioBanca's digitally-native Italian consumer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
MeglioBanca social profiles
Digital presenceMeglioBanca compliance and trust
Trust signalCompliance5 records
MeglioBanca financial estimates
Financial estimateRevenue estimate
Valuation estimate
MeglioBanca leadership team
Management profileNumber of profiles
Profiles1 record
MeglioBanca funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MeglioBanca M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MeglioBanca
What does MeglioBanca do?
MeglioBanca is the 100% digital banking brand of Banca Popolare del Frusinate, offering a free digital current account (Conto Corrente) with zero maintenance fees, deposit accounts (Conto Deposito) with rates up to 2.70% gross and always-withdrawable funds, online personal loans (Prestiti Online) up to €30,000 at fixed rates from 5.00%, and Nexi-branded credit and debit cards. All services are delivered entirely online via web and mobile app, with account opening completed via SPID or CIE digital identity.
Is MeglioBanca a public or private company?
MeglioBanca is a private company. It is classified as corporate owned and is currently operating.
When was MeglioBanca founded?
MeglioBanca was founded in 1990. It employs 51 to 100 people.
Where is MeglioBanca based?
MeglioBanca is headquartered in Frosinone, Italy, in the Europe region.
How does MeglioBanca make money?
Four revenue lines are on record. Current Account Fees and Services are the primary driver. The others are loan and Credit Products, deposit Product Interest Spread and credit Card Interchange.
Who are MeglioBanca's main competitors?
Direct peers on record are Hype, Illimity Bank, CheBanca! (Mediolanum) and Buddy Bank. Broad incumbents are Banca Sella and Credem (Credito Emiliano). Emerging players are Flowe (Mediolanum), N26 (Italy), Satispay and Revolut (Italy).
Does MeglioBanca have an API?
Yes. MeglioBanca offers a PSD2-compliant interface through the SIA portal, allowing Third Party Providers (TPPs) to access account information and initiate payments. The API follows Open Banking standards with dedicated endpoints for AISP (Account Information Service Provider) and PISP (Payment Initiation Service Provider) functionality. Developer documentation is at cse-frusinate-psd2.obp.sia.eu/sapr.
What industry is MeglioBanca in?
MeglioBanca's product category is Retail Banking. Its primary akta.pro industry code is BPAMAFAD, Digital Banking & Neobank Platforms. Its NAICS code is 52211 and its SIC code is 6022.