Buy Bitcoin with Monte dei Paschi

[✓] last verified 2026-01-28·Reviewed by BankToBTC Team

Data from bank docs & OAM registers · How we verify · Report an error

SEPA transfers work.

Crypto Compatibility Score: 55/100 (Fair)

Score Breakdown:

  • Payment methods: 10/35 pts
  • Bank transfer reliability: 17/25 pts
  • Limits: 12/20 pts
  • Cost: 8/10 pts
  • Evidence: 7/10 pts
  • Minimum floor applied (55 pts)

Supported payment methods: sepa

Last verified:

Quick Verdict

No in-app crypto at MPS. SEPA bonifico works but can be slower, especially for late-day payments or new recipients. Allow extra time for first transfers.

  • [✗]

    Can you buy Bitcoin in the app?

    No, use an external exchange

  • [✓]

    Can you fund an exchange?

    Yes, but with restrictions

  • [›]

    Best funding method

    SEPA Credit Transfer

  • [!]

    Potential issue

    Slower processing for late day transfers

Top Exchanges for Monte dei Paschi

Step-by-step guide to buying Bitcoin with Monte dei Paschi

Monte dei Paschi works best when you send SEPA bonifico to an OAM registered exchange and keep the causale exact. Use the steps below to begin.

  1. Pick an OAM-registered exchange
    Use an OAM-registered exchange to reduce delays and beneficiary friction with MPS.
  2. Create your exchange account
    Register and enable two factor authentication.
  3. Complete identity verification
    Verify identity so you can deposit.
  4. Copy IBAN and causale
    In deposits, select Bonifico SEPA and copy IBAN, BIC, and the causale reference code.
  5. Send bonifico in the MPS app
    Open the MPS app, go to Bonifici then Nuovo, add the beneficiary, approve with the bank security method, and include the reference in causale exactly.
  6. Wait for funds to arrive
    Bonifico SEPA often posts next business day; transfers created late in the day can push to the next processing window.
  7. Purchase Bitcoin
    Buy BTC once your EUR is credited.
  8. Secure your Bitcoin
    Withdraw BTC to a wallet if you want self custody.

[!] Troubleshooting

  • If deposits are slow, MPS can process bonifici more slowly, especially for late-day payments. Submit earlier for same-day processing.
  • If a new beneficiary is held, expect conservative checks and start with a small test transfer.
  • Keep the causale reference exact and minimal to avoid delays.

Frequently Asked Questions

Can I buy Bitcoin with Monte dei Paschi di Siena?

Yes. MPS does not offer spot Bitcoin inside MPS Digital Banking, but you can fund a crypto exchange using SEPA bonifico, including SEPA Instant where supported. MPS markets instant transfers as available across app and digital banking, which helps for weekend or after hours funding if the destination accepts SEPA Instant. For the cleanest compliance footprint, check the provider on the OAM register.

What is the default MPS limit for bonifico istantaneo when depositing to an exchange?

MPS states the instant transfer limit is pre set to €15,000 and can be changed by the customer inside Digital Banking. If your deposit is above that, use a standard SEPA bonifico or split the amount into multiple transfers. For large funding, a small test deposit first can also reduce the chance of extra checks.

Where is the bonifico istantaneo option inside the MPS app?

MPS explains that in app the bonifico istantaneo option appears on the summary page of the transfer flow. If you do not see it, the destination may not support SEPA Instant or your account settings may not allow it. In that case, send a standard SEPA bonifico instead.

Why does MPS warn me about beneficiary details when I add a new exchange IBAN?

MPS highlights beneficiary verification as part of the instant transfer feature set. If the IBAN and beneficiary name look mismatched, MPS can warn you before you authorise the transfer. Use the legal beneficiary name shown on the deposit screen, not a shortened brand label.

Can I send an instant SEPA transfer from MPS outside business hours?

Yes, if the recipient supports SEPA Instant. MPS positions instant transfers as available every day and across multiple channels. If you need weekend funding, instant is the first rail to try.

What SEPA Instant caps should I plan around with MPS for larger crypto buys?

MPS fee and transparency material references a €15,000 maximum for outgoing instant transfers, and MPS also indicates that the cap can be managed in Digital Banking. If you are moving more, switch to standard SEPA or break the amount up. A small test deposit first is a good idea when you add a new beneficiary.

Evidence & Verification

This page references 4 sources: MPS Bonifico Istantaneo, OAM Crypto Register, MPS Bonifico Support. Information was compiled from official sources and user reports.

Sources:

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Information can change without notice. Always verify current policies directly with your bank and exchange before making transactions.