Send Money to Italy Effectively

Information verified correct on December 5th, 2016

Stop settling for high fees and bad exchange rates when sending cash to Italy

If you’ve been sending Euros to Italy without much thought for what company or bank you use, chances are your money isn’t working as hard as it could be.

Because of the large number of money transfer services in the market today, you can send money faster, cheaper and with more options than you can with many banks.

In fact in the example below, we should you how you could send money to Italy and save an extra 9 EUR on a transfer of $1,000.

Find the right transfer service for you in the table below

Rates last updated December 5th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
AUD 200 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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AUD 250 1 day
OnlinePhoneAgent
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changing, click to check
your price today
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EUR 8 2 days
Online
Rates are always
changing, click to check
your price today
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Currency Online International Money Transfers
Enjoy regular scheduled ... transfers, one off transfers and a range of currencies. Also enjoy your first transfer for free.
AUD 0 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Citibank Plus Everyday Account
A transaction account with free ... transfers to any country and no foreign transaction or international ATM withdrawal fees.
AUD 0 Same day
OnlinePhoneAgent...
Rates are always
changing, click to check
your price today
More
Compass Global Markets International Money Transfers
Send money in as little ... as 24-48 hours to a range of countries with Compass Global Markets.
AUD 1,000 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

Send more Euros to Italy by selecting the right transfer company

Case study: Heather Transfers Funds to Italy

Alessandra is considering moving from her home in Italy to Sydney to live with a friend she met university. The trouble is she still has student loans to pay and will need to find a secure way to make these payments.

Knowing her parents will accept transfers and make the deposit for her, Alessandra decides to check the money transfer options she will have while in Australia by seeing how many Euros (EUR) her parents will receive for every $1,000 Australian Dollars (AUD) that she sends.

Australian BankMoney Transfer Company
Exchange rate1.00 AUD = 0.6843 EUR1.00 AUD = 0.71007 EUR
Transfer fee24.00 AUD3.99 AUD
Amount in EUR received for $1,000 AUD700.72 EUR710.07 EUR
Transfer timeUsually 2 business days1 – 3 business days
Transfer optionsbank transferbank transfer
Difference+ 9.35 EUR

Using a money transfer service saves Alessandra an extra 9.35 EUR, which amounts to a saving of 112 EUR over the course of the year (she makes 12 payments).

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Get the most out of your transfer with these hints

There are a few other points she needs to consider when comparing money transfer options:

  • Exchange rate. The exchange rate looks similar but once you see it applied to a large amount of money it is obvious how small changes in the decimal amount will make a difference.
  • Transfer fee. As you can see, the transfer service in the example above charges much less in fees. When comparing
  • Transfer options. The bank offers cash pick up options as well as international money orders and bank to bank transfers. They also have a bill pay option that Alessandra may be able to use to send the money directly to her student loan creditor.
  • Transfer time. Alessandra might not need the funds to reach her parents quickly, so this might not be much of a problem, but she should know that some money transfer services can have funds available within minutes. On the other side of the spectrum some services can take up to five business days.
  • Customer service. If planning on sending money to Italy on a regular basis, it is a good idea to check into dispute resolution processes for the institution in the event that there is an error or delay with your transfer.
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How to send money to Italy from Australia

With Italy and Australia both using a well established currency, and the relationship between the nations strong you will find a number of options available for sending money from Australia to Italy:

  • MoneyGram. MoneyGram offers cash pick up only for recipients in Italy.
  • OFX. OFX offers a range of options for sending money to Italy if you’re sending more than $1,000 AUD over.
  • Western Union. For money transfers to Italy Western Union allows for both cash pick up and bank transfers.
  • TransferWise. TransferWise uses a unique peer-to-peer lending system to ensure you get the best deal when sending money to Italy.
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Get your hands on emergency cash while in Italy

Italy is a popular travel destination for Australians. If you find yourself in sudden need of cash due to a loss or robbery, you have a few options to consider:

  • Travel insurance. Travel insurance cover will usually include provisions for getting you emergency cash. Make sure to save any supporting documentation such a police report for when you file your claim.
  • Transfer service. An Australian does not need to be a resident of Italy to pick up cash at a transfer company agency. Just make sure you have your identification and details of the transfer.
  • Credit card. A number of credit card companies also include complimentary international travel covers for holders of their card. With this cover the insurer may send you a cash advance in the event of an emergency.
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Find a cash pickup location in Italy with this brief list

Below are listed some of the cash pick up locations you will find in Italy for two of the agencies that offer the service. Before you go to the agency to pick up cash, it’s a good idea to call ahead to verify the hours and that they have the cash on hand to fulfil your request.

Western Union

  • Rome

    Tamburro Fortuna

    Via Pollio 50 Interno Cc Auschan
    Roma, Rm 159
    +39-6-43599195
    Open seven days a week from 9am to 9pm

  • Banco Popolare Di Milano

    Piazza Della Repubblica 54

    Roma, Rm 185

    39-800464464

    Open Monday through Saturday 8:30am to 4pm. Closed on Sunday

  • Naples

    New Star

    Box Interno Stazione Ferroviaria

    Piazza Garibaldi Snc

    Napoli, Na 80100

    +39-800220055

    Open seven days a week from 9am to 7pm.

  • Nuvola Grigia Di Errico Guido E C SAS

    Corso Vittoriio Emanuele Int Staz Fs

    Napoli, Napoli 80100

    +39-81-662624

    Open Monday through Saturday 7am to 7:30pm. Closed on Sunday

MoneyGram

  • Rome

    Global Expert SRL

    Via Modena 48

    Roma, 00184

    +06-64006319

    Open Seven days a week from 9am to 8 pm.

  • Poste Italiane #55195

    Via Terme Di Diocliziano 30

    Roma, 00185

    +06-48886920

    Open Monday through Saturday 7:30am to 8pm. Sunday closed.

  • Naples

    Ricafrente Servizi

    Piazza Garibaldi 80
    Napoli, 80142
    +08-119180897
    Open seven days a week from 9am to 6pm.

  • Sikander Hayat

    Via Antonio Ranieri 10
    Napoli, 80139
    +08-1261440
    Open Seven days a week from 8:30am to 10pm.

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Tips for picking up cash in Italy

The Department of Foreign Affairs and Trade (DFAT) recommends that Australians travelling to Italy exercise a normal degree of caution. When picking up cash it is always a good idea to be extra vigilant and travel to and from the agency using reliable and well known means of transportation. Have your photo identification with you as well as the tracking number for the transfer.

If you choose the money transfer option to send money to Italy from Australia your recipient is going to need the following information when arriving at the agency:

  • Contact information. Your name and location to verify the transaction.
  • Tracking code. Each money transfer is given a special code which the beneficiary must supply on pickup.
  • Amount sent. The agent will also ask how much money they are expecting to receive.
  • Photo identification. It is important that the name given to you from the recipient is an exact match for the way it is shown on their photo identification

At the conclusion of your transaction you will be given documents with the tracking number. Save those documents after sharing that number with the beneficiary in the event that there is a problem with the transfer.

There are a number of reasons why Australian nationals and Italian immigrants would have reason to send money from Australia to Italy. It is important that you consider your circumstance when comparing the various options to make sure that the one you choose is giving you the best value for your money.

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