FAQ About Sending Money to Italy

• What's the cheapest way to send money to Italy?

  The cheapest way to send money to Italy is through an online provider. Among the 60 available, Wise was most often the cheapest provider (in 13.3% of the searches on Monito.com in the past 3 months).

• How much does it cost to send money to Italy?

  If you send money with the cheapest available provider, the total cost of a transfer to EUR was 1.1% of the transfer amount (including all fees and exchange rates) over the past month. Of course, this figure will vary based on the sending country, the pay-in and pay-out options

  In contrast, the cost of the most expensive option was 5.8% on average.

• What is the cost of making an international transfer to Italy using my bank?

  The average total cost (including hidden exchange rate markups) of making a transfer to Italy with banks compared by Monito.com during the past months was 7.3% of the transfer amount. This is 6.7x more expensive than sending money with the cheapest online provider alternative.

• Is PayPal a good option for sending money to Italy?

  It’s possible to send money to Italy with PayPal, but it’s expensive. The average cost of transfers to Italy with PayPal is 5.4%, whereas the cheapest online services have an average cost of 1.1% of the amount you send.

• Is Western Union good for sending money to Italy?

  Western Union is a popular provider with the biggest agent location network. The average cost of online money transfers to Italy with Western Union* is 0.0% of the amount you send, whereas the cheapest online services have an average cost of 1.1%. Remitly is the provider that is most often the cheapest for money transfers to a cash pick-up location in Italy.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest cash pick-up provider in Italy?

  Over the past three months, the provider that was most often the cheapest for cash pick-up transfers in Italy was Remitly, with an average cost of 1.0% of the amount you send (which includes fees and exchange rate margins).
  
  The average total cost to send to a bank account rather than a pick-up location during the same period was 1.1%. Wise was the provider most often the cheapest for transfers to bank accounts in Italy.

• What is the fastest option to send money to Italy?

  The provider that was most often the fastest on Monito's comparisons over the last three3 months was Profee (average fastest transfer time: Same day)