Your Scalable account, now with an Italian IBAN
Scalable Capital now has an Italian branch. Here's what changes and what you need to do.
What is the Italian IBAN activation, and does it apply to you?
Activation moves your account to the Italian branch: you get an Italian IBAN and choose how the taxes on your investments are handled.
Opened before | Opened from | |
IBAN | IBAN DE… | IBAN IT… |
Tax filing | You declare taxes yourself (Regime Dichiarativo) | Your choice: Scalable can handle your taxes (Regime Amministrato) or you can declare yourself (Regime Dichiarativo) |
Contractual entity | Scalable Capital Bank GmbH (Germany) | Scalable Capital Bank GmbH, Succursale Italiana |
Pricing | FREE and PRIME+ plans remain the same. There are no additional costs. | |
Not sure when you opened? Check your IBAN: client area under “Home”, select your product, then the gear icon.
How the Italian IBAN activation works
For accounts opened before 01.09.2026
1. |
Open the activation from our email or from the banner in your app. |
2. |
Get your account ready. Three things need to be settled before you can start: your account can't be overdrawn, you can't have pending orders, and no savings plan can be mid-execution. The app checks for you and shows exactly what to do, if anything. |
3. |
Complete the form. Confirm your details, answer a few questions required by Italian regulation, choose your tax regime, and accept the terms of the Italian branch. |
4. |
Accept: your account pauses for one night. From the moment you accept the terms, your account is paused until the next morning: no trading, no transfers, no changes. In the meantime we move your cash and securities to your new Italian account. Evenings and weekends, outside market hours, are the best time to do this. |
5. |
Next morning, your account is ready. Your IBAN, your positions, your history, all in place. |
Frequently asked questions
Answers to further frequently asked questions are answered here.
The initial activation is offered to clients who opened their account as Italian residents. Not included at this stage: clients who opened from abroad and later moved to Italy, clients with an active Scalable Credit facility, and Scalable Wealth clients. We are working to make it available to you too and will write to you.
No. If you opened your account from 01.09.2026, you are already there. If you opened it before, wait for our email, it will arrive in the coming weeks. As soon as we have a date, we will write you.
Whichever suits you. With Regime Amministrato we withhold and pay your taxes as you go, and you have nothing to report in your annual filing. With Regime Dichiarativo you carry on filing yourself, exactly as today. Neither one is imposed.
Yes. Your regime is not locked in, you can switch it in your account under "Profile", "Tax information", "Tax regime". A change takes effect from 1 January of the following year.
Yes. Regime Amministrato applies only from the moment you activate. You have to take care of the declaration for the period before.
It is replaced across all your Scalable accounts with a new, Italian IBAN
Since the Italian branch launched, new accounts are only opened for clients with an Italian IBAN. Once you activate your Italian IBAN account the option will be back. Accounts you already have are unaffected.
No. Your deposit guarantee schemes stay the same.
