Find the best ways to send money to Australia from Italy

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How to send money from Italy to Australia at the best rate?

Our comparison engine found 13 different money transfer providers available for sending money from Italy to Australia.

If the person you're sending money to wants to receive Australian dollars in a bank account in Australia, then the cheapest option is currently CurrencyFair, with no transfer fees and a good EUR-AUD exchange rate (their current rate is 1 EUR = 1.5 AUD).

When taking the exchange rate and the fees into account, the total cost of your transfer with CurrencyFair is 0.98 EUR, but you would pay a total cost of 37.26 EUR (which is approximately 38x as much) if you wanted to use Banca Nazionale del Lavoro for the very same transfer.

Two other options for your transfer to Australia worth considering for your transfer are b-Sharpe and Wise.

This recommendation was updated a few minutes ago.

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By choosing a transfer service found on Monito, the average user pays a total of just 0.59% in fees and exchange rates. Compared to the 4.6% paid at a bank or traditional cash transfer service, Monito users have saved nearly $40 million in total to date!
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For every service appearing on Monito, our experts build in-depth reviews using dozens of verifiable criteria to make clear, actionable recommendations to guide your decisions.
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Far too often, sending money abroad is both pricey and problematic. That's exactly why our team of experts works tirelessly to offer the most in-depth, up-to-date, and helpful consumer advice for your disposal.

1 EUR = AUD Mid-market exchange rate

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Monito's Recommendations for Sending Money from Italy to Australia

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best-suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Italy to Australia:

Best Ways to Send Money from Italy to Australia

The cheapest: CurrencyFair
The fastest: InstaReM
The best mobile app: Wise
The cheapest for small transfers: TransferGo

Best Rated Providers to Send Money from Italy to Australia

9.5

9.1

9.0

8.4

8.3

8.1

8.0

8.0

7.8

7.8

6.6

See Monito's In-Depth Money Transfer Guides

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The Best Money Transfer Services Ranked By Monito Score

June 7, 2021 - by François Briod

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almost all major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

You save money on your transfer by selecting the cheapest provider.
The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.
Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

How can I use Monito to find the best option to send money to Australia?

Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
I simply use my bank to send money to Australia, do I really need to compare other options?

Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Can I trust a company I found on Monito but never heard about before?

Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Is it possible to send money with Monito, or are you just a service to compare money transfer services?

Monito is not a money transfer company. We’re here to help you find the best way to send money to Australia.

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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Mid-market exchange rate

To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.