Mediolanum products, services and reviews

About Mediolanum

Mediolanum, operating primarily through Banca Mediolanum S.p.A., is an Italian banking and wealth management group headquartered in Basiglio (Milan). It combines retail banking, investment, and insurance under one brand, distributing mainly via a large network of tied financial advisors (“Family Bankers”) supported by digital channels rather than a traditional branch footprint. The bank offers current and savings accounts with Italian IBANs, debit, credit and prepaid cards with mobile wallet support, domestic and international transfers including SEPA, consumer loans, mortgages, and payment services, alongside brokerage for listed securities and funds. Investment and savings solutions are centered on in-house and third-party funds (with asset management conducted internationally through entities such as Mediolanum International Funds in Ireland) and life insurance/pension products issued by group companies; these carry market or insurance-related risks that differ from deposit products. In Italy it is supervised by the Bank of Italy and CONSOB for investment services, and eligible deposits are protected by the Fondo Interbancario di Tutela dei Depositi up to €100,000 per depositor, per bank; investor protections follow applicable Italian and EU rules. The group is listed on the Italian Stock Exchange, with reference shareholders including Fininvest and the Doris family, and also operates in Spain via Banco Mediolanum. The mobile app and online banking support payments, transfers, trading, document delivery, and secure authentication under PSD2; advisory may be provided remotely or in person through Family Banker offices. Pricing depends on the chosen account package and advisory model, with fees applicable to account maintenance, cards, trading, custody, and certain fund and insurance contracts; interest rates on deposits and loan conditions follow market and risk criteria. The model suits customers comfortable with advisor-led distribution and digital servicing; those seeking a dense branch network or entirely self-directed investing may find the setup less aligned with their preferences.