Dormant Current Accounts in Italy

Have you ever wondered if there are dormant current accounts in Italy holding forgotten financial assets? In this comprehensive guide, we will embark on a journey to explore the new rules and procedures for reclaiming dormant current accounts in Italy. From understanding the definition of dormant accounts to examining the steps involved in reactivation, including inherited accounts, I’ll provide you with valuable insights, practical examples, and actionable tips to help you unlock the hidden potential of dormant financial assets. So, without further ado, let’s dive in and discover the possibilities that lie within dormant accounts.

Understanding Dormant Current Accounts

Dormant current accounts refer to contractual relationships with banks or other financial intermediaries that have remained inactive for a period of 10 years, with a total sum exceeding €100. These accounts encompass a range of financial instruments, including savings account books, current accounts, postal accounts, shares, bonds, and government securities.

For instance, imagine you opened a savings account a decade ago but haven’t made any transactions since. That account may be considered dormant if the balance exceeds €100 and no activity has taken place.

New Rules and Regulations

In order to safeguard the interests of account holders in dormant current accounts, the Italian government has implemented new rules. These regulations are designed to ensure the protection of account holders’ rights and assets. Let’s look at the specifics of these regulations and the steps involved in the reactivation process.

To begin with, if a contractual relationship remains dormant for a period of 10 years, with deposits equal to or exceeding €100, the bank must terminate the relationship. As part of this termination, the bank actively transfers the funds to a dedicated social purposes fund established by the Italian Ministry of Economy and Finance. This measure aims to ensure that the dormant funds serve a beneficial societal purpose.

However, it’s important to note that before the transfer of funds occurs, the account owner will receive a notification from the bank. This notification serves as a crucial opportunity for account holders to take action. Within this notification, the account owner is granted a 180-day (approximately 6 months) period to reactivate the dormant account.

During this 180-day window, account holders have two options to reactivate their dormant accounts. Firstly, they can choose to initiate a transaction, which can be as simple as depositing or withdrawing funds from the account. This transaction serves as a clear indication of the account owner’s intention to continue the dormant account relationship.

Alternatively, account holders can reactivate their dormant accounts by merely informing the bank of their desire to continue the contractual relationship. By notifying the bank, account holders can establish their active participation in the account and ensure its continuity.

Reactivating Dormant Current Accounts

If you suspect you have a dormant current account, the first step is to verify your ownership. To accomplish this, you can access the Consap website and input relevant data to check if you have any dormant accounts. By utilizing this platform, you can promptly determine the presence of a dormant account associated with your details.

For instance, let’s consider a scenario where you previously held a current account with a bank, but you’re uncertain whether it qualifies as dormant. By entering your information on the Consap website, you can expeditiously ascertain the existence of a dormant account associated with your profile.

Once you have confirmed the presence of a dormant account, the subsequent step is to complete a refund form. The financial institution that holds the dormant funds typically prepares and releases the form, which includes a statement of devolution of funds to the designated fund. When submitting the form, you must provide supporting documentation, such as your identity card.

In the case of inherited dormant accounts, it is essential for the beneficiary to provide self-certification, which Consap will subsequently verify. This certification serves as confirmation of the beneficiary’s entitlement to the dormant assets, ensuring a smooth reactivation process.

In order to initiate the reactivation process, owners of dormant current accounts should promptly send their fully completed application form and all necessary supporting documents to Consap S.p.A. You have the option to submit your application either via mail, by addressing it to Consap S.p.A. Rif. Rapporti dormienti. Via Yser, 14. 00198 Roma, or via e-mail, by sending it to

Overcoming Unique Scenarios

Certain unique scenarios may arise when dealing with dormant current accounts in Italy. Let’s explore some of these scenarios and the corresponding actions you can take:

1. Change of Residence: If you have recently changed your residence, and you’re concerned that the bank’s notice may not have reached you, it is advisable to proactively contact the bank. By promptly notifying them of your new address, you can ensure that you receive future notifications regarding dormant accounts without delay. Additionally, in order to safeguard your interests, it is important to keep the bank informed about any changes in your contact information.

2. Deceased Account Holders: In the unfortunate event of the account owner’s passing, it’s important to note that both the account owner and their executors have the ability to reactivate the dormant account. If there are no appointed executors, beneficiaries should take the initiative to inform the bank about their entitlement to succeed in the ownership. This can be done by submitting the necessary documents, including a death certificate and relevant probate and succession paperwork. By promptly notifying the bank of the account owner’s passing, you can ensure a smoother process in reactivating the dormant account.

3. Multiple Dormant Accounts: It is not uncommon for individuals to have multiple dormant accounts with the same bank. In such situations, it is worth noting that you have the flexibility to reactivate the accounts selectively. You are not obliged to reactivate all the accounts simultaneously. For instance, if you have a dormant current account and a dormant deposit account, you can choose to reactivate one of them while keeping the other account dormant. This allows you to prioritize and manage the reactivation process according to your specific needs and preferences.


Reclaiming dormant current accounts in Italy presents a remarkable opportunity to unlock forgotten financial assets and take charge of your financial well-being. Moreover, if at any point you find yourself in need of assistance or guidance throughout this process, rest assured that help is readily available. As an experienced professional, I’m here to provide support and answer any questions you may have regarding reclaiming dormant accounts.

Have you recently made the exciting discovery of a dormant account or successfully reclaimed one? Your experience holds immense value, not only to yourself but also to others who are currently navigating the intricate path of reclaiming their dormant accounts. I’d therefore like to encourage you to share your unique stories, challenges encountered, and insightful observations in the comments section below. By sharing your journey, you can serve as a beacon of inspiration and empowerment for individuals embarking on a similar quest to reclaim their dormant accounts.

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