Payment of BI cashier's cheques

A BI cashier's cheque is a financial instrument that has the same status as a banker's draft or postal money order that you can cash at:

  • your own bank or post office branch, by depositing the cheque on your current account;
  • one of Banca d'Italia branches that provide this service, requesting that the amount be paid in cash or credited to a bank current account. The Bank verifies the identity of the bearer (or the beneficiary) by means of an identity document, which you must therefore bring with you. The Bank also checks the regularity of the identity document with the entity that issued it, and this may result in a deferment of payment. If you prefer not to wait for these controls to be completed, you can have the cashier’s cheque paid with the intercession of a notary, at your expense, or credited to a current account.

Depositing of a cashier's cheque by heirs

In the case of a cashier’s cheque payable to a deceased person, the heirs can deposit the cheque on a bank or postal current account. For information on the required documentation, they should consult their bank or Poste Italiane.

The heirs can also obtain payment of the cheque at one of Banca d'Italia's branches that provides the service. They should present themselves in person or with a simple mandate (for amounts of up to €3,000 per person) or power of attorney from those who are absent. Alternatively, they can send the request by mail, fax or certified e-mail. A photocopy of the identity document of each heir, the original cashier’s cheque and the forms that can be downloaded from this page must be attached to the request.

For further information on the documentation to submit, contact one of the branches of the Bank of Italy that offer the service.

Useful information

If a BI cashier's cheque is not delivered or has been lost or stolen, you must report this immediately to a Banca d'Italia branch by mail, certified e-mail, telegram or fax or in person. You can download the form for reporting non-receipt from this page.

If the cheque is for a tax refund, the report must give the cheque’s identifying data, which can be obtained from the Revenue Agency.

Cheques are no longer valid and cease being payable on 31 December of the tenth year after they are issued.

Related Topics

  • Branches

    Banca d'Italia operates throughout the country via its branches located in the regional capitals and in some provincial capitals.