How to send money to Italy
Find out how to send money to Italy at the best EUR rate in four easy steps
1. Check if the EUR mid-market rate is at your advantage
Even though the evolution of the exchange rate is unforseeable, it can help you save money to follow it so that you can optimize how much the recipient will get. We advise our users to use exchange rate email alerts to stay updated about the EUR mid-market's evolution.
2. Compare more than thirty companies available for transfers to Italy and select the best provider.
Monito's comparison engine lists quite a few providers to transfer money to Italy, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Picking the right provider from the available options is the best way to save on fees and exchange rate.
3. Select the best money transfer company for your specific needs
Do you need to send money to Italy at the lowest total cost, as quickly as possible or with the solution with the best customer reviews?
In addition, you may want to have a look at the pay-in and pay-out methods. You can often have money transfer companies allowing you to wire the money from your bank account, other providers will also allow you to pay with your cards. On the other side of the transfer, look at different options if you need the money to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and start your transfer to Italy with the company of your choice
It is now time to register on the provider's online portal (you normally have to give information to prove your identity), and set upyour transfer to Italy.