BFF Banking Group is the largest operator of specialized financing in Italy and a leading player in Europe specializing in the management and non-recourse factoring of trade receivables from public administration, investment services, banking and corporate payments. The group operates in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia and Spain. BFF is listed on the Italian stock exchange. Please note: BFF Bank has a banking license in Italy. However, the bank offers deposits via Raisin Bank through its Spanish branch (Sucursal en España) in Madrid. This means that your savings with the bank are covered by the Italian deposit guarantee (up to €100,000 per account holder per bank), but Spanish withholding tax applies (which you can easily exempt when opening your term deposit, i.e. reduce to 0%).

The withholding tax rate of 19% on interest income in Spain can be reduced to 0% for customers from Ireland, as you must to provide the Spanish tax form ("Declaración de Residencia Fiscal") when you first open an account with each of our partner banks in Spain. This form is sufficient to reduce the withholding tax and only needs to be submitted once per person and per partner bank.

With Raisin Bank, one login gives you access to competitive savings accounts from banks across Europe, allowing your savings to work even harder. No fees, no paperwork: saving with Raisin Bank is online and hassle-free.