Here’s what you need to know to start paying your condo fees online quickly and easily.
3 min read
Live in a condo? Then you know that costs are regularly incurred for things like maintenance and other services. But how can you pay those fees? Is it possible to pay them online? Read on to learn more about the principal payment methods for condominiums.
The laws that govern the payment of condo fees
Legally, the condo administration has to create a bank account where the fees associated with each condo unit have to be deposited. Tracking these fees is essential for complying with all the legal requirements of condo ownership. For this reason, many condo administrations prefer and encourage traceable payment methods such as checks, postal payment slips, or bank transfers. However, the law doesn’t limit the type of payments these administrations can accept. Unless the contract states otherwise, condo fees can even be paid in cash. There are, however, limits to this payment method. Find out all the details below.
Paying condo fees in cash and by check
If accepting cash, the condo administration has to deposit the money immediately into the condo’s bank account. There’s a limit to how much money they can accept, however. Those restrictions are:
€ 2,000 (until December 31, 2021)
€ 1,000 (from January 1, 2022).
It’s important to ask the administration for a receipt after you pay in cash. Make sure to keep it as proof of the transaction. It’s a disadvantage to use cash since if there’s a problem, dispute, or transfer of ownership, tracking the payment is much more complicated. You can also pay by check or money order. Simply go to the bank or post office, fill in the form with the amount, the name of the recipient, the place and date, and your signature. Then deliver it to the condo administration.
How to pay condo fees online
Looking for a quick and secure way to pay your condo fees? Pay directly online or via the app. Common methods of paying condo fees online include:
bank transfer
postal payment slips, MAV, and PagoPA
Paying condo fees with bank transfers
Bank transfers are convenient ways to pay condo fees. All you need is the recipient’s bank details and the reason for payment. Online bank transfers are quick and easy. You can make them directly from the home banking portal or your bank’s app.
Paying condo fees with MAV and PagoPA postal payment slips
Many administrations prefer that you use payment slips to pay condo fees. Specifically:
If the condo administration has sent you a payment slip, you can pay online using the Poste Italiane’s website, your bank’s home banking portal, your bank’s app, or by debiting your bank account. Check out our article on how to pay postal payment slips online.
Conveniently pay MAV payment slips through your bank’s home banking portal or app, Poste Italiane’s home banking portal or app, and the Equitalia website. Find out more by reading our article on MAV and RAV payment slips.
If instead you need to pay a PagoPA payment slip, you can use your home banking portal. Just look for the CBILL or PagoPA logo in the reserved area of your bank.
Paying condo fees with N26
N26, the 100% mobile bank, is conveniently within reach on your smartphone. Carry out bank transactions wherever you are, even from the comfort of your own home. Did the condo administration send you a MAV or PagoPA payment slip? Simply open the N26 App and go to the “Manage” section. Next, click on “From my account” and select “Other payments”. From the menu, choose the “PagoPA”, “MAV” or “RAV” payment slip. You’ll be directed to the service provider’s website where you can complete the transaction in just a few steps. What are you waiting for? Open an N26 account and effortlessly manage all your payments!
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