JPMorgan Chase in Italy: Branches in Rome & Milan (2023)

Yes, JPMorgan Chase maintains a corporate and investment banking presence in Italy through two branches:

• Rome – Via del Corso area; focuses on government/institutional clients, corporate banking.
• Milan – Piazza della Scala / financial district; hub for investment banking, markets, private banking.

Scope of Operations

These are not retail branches—no consumer checking, ATMs, or walk-in services. JPMorgan Chase Bank, N.A., Milan Branch and Rome Branch operate under EU passporting rights, serving:

• Multinational corporations (Italian and foreign)
• Financial institutions
• Government and public sector entities
• Ultra-high-net-worth individuals (via J.P. Morgan Private Bank)

Regulatory Context

Supervised by the Bank of Italy and ECB (European Central Bank) under Single Supervisory Mechanism. The Milan branch is the primary EU booking entity post-Brexit for many functions.

For Retail Customers

U.S. Chase customers in Italy: Use partner ATMs (no Chase-branded ATMs), no foreign transaction fee on Sapphire/Reserve cards, but no local branch service. Consider digital banking or local Italian banks (Intesa Sanpaolo, UniCredit) for resident needs.