You should organize financial arrangements so that you will have enough money to cover living costs upon arrival.
As it can take at least two weeks to open an account and longer to process bank transfers, you are advised to make arrangements in order to have enough money to cover expenses the first weeks.

Transferring Funds, credit cards and travellers cheques

Please be aware that it is illegal in Italy to make cash payments exceeding €2.999.
Credit cards are widely accepted at many businesses and shops, with exception to government buildings and small retailers. Only some of the student residences accept credit card payment.
Travellers cheques are generally not accepted and are very expensive to exchange.

When obtaining your visa, Chinese students might be asked to enter Italy with a cheque for an indicated amount, which can cover their expenses in Italy. We have experienced that these students can have difficulties changing this cheque in Milan. The Bank of China has a Branch in Milan’s city centre. Obtaining your cheque from them, might be an easier option for exchanging it in Milan.

The Banca Popolare di Sondrio is the preferred bank of the Politecnico di Milano. They offer several different banking options to students.

Currently, among the cheapest service they provide is a prepaid card, called +MA (piuma, which means feather in Italian), a card with an IBAN that allows you to perform the main banking operations.

The card has the following costs: €6 for the first issue, then €1 per month; no monthly fee if you are under 26 years of age.

To request the card you will need your fiscal code, passport, domicile address, MIP Admission letter or attendance certificate, your permit of stay card or your permit of stay application receipt (the latter, for non-EU students only).

The Branch closer to MIP  - Bovisa:
Banca Popolare di Sondrio – Branch 5
Via degli Imbriani, 54
Tel. 02 3931 1498
Opening hours: Monday to Friday, from 08:30 to 13:30 and from 14:45 to 16:15

At Leonardo Campus:
Banca Popolare di Sondrio – Branch 21
Via Edoardo Bonardi, 4
Tel. 02 2399 3307
Opening hours: Monday to Friday, from 08:30 to 13:30 and from 14:45 to 15:45

You will receive a Politecnico di Milano student card when your enrolment is finalised.
It can go some time from the beginning of your classes before you obtain it.

Your Policard has two functions: it functions as a badge for accessing several buildings and the libraries, and it functions as a prepaid MasterCard with an IBAN, that allows you to perform the main banking operations free of charge or at small fees.

It is issued in cooperation with the Banca Popolare di Sondrio. It can be activated through the Politecnico di Milano website, online services. To use it as a bankcard, you will need to activate it at Banca Popolare di Sondrio.

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