How to send money to Italy

Compare money transfer companies to send money to this Mediterranean country.

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There are lots of companies and banks that offer money transfers to Italy, and by comparing exchange rates and fees, you can find the best deal for your next transfer.

Compare international money transfers to Italy

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 60 1 day HKD 0.00 0.109 EUR
1,088
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees Go to site Show details
USD 10 1 - 2 days HKD 90.00 0.109 EUR
1,082
以透明的匯率,低收費及低最低金額的網上服務作匯款。 Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
SGD 1 1 day HKD 48.00 0.109 EUR
1,087
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 Transfer money to over 30 countries with nominal fees and the mid-market exchange rate.
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USD 5 1 - 2 days HKD 25.00 0.108 EUR
1,078
新客戶可享有首三個月無限次免手續費匯款。New customers get 3 months of unlimited free transfers.
可用15+種貨幣匯款,享有超越銀行的匯率以及快速轉賬時間。 Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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USD 50 1 day HKD 35.00 0.109 EUR
1,088
快捷又簡單的國際匯款服務,大部分匯款收取固定的0.5%手續費。部分貨幣更不設保證金率。 Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
USD 1 1 day HKD 0.00 0.108 EUR
1,076
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用超過130種貨幣匯款。 Send money in more than 130 currencies.
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USD 1 Within an hour HKD 20.00 0.109 EUR
1,085
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
USD 100 1 day HKD 15.00 0.108 EUR
1,074
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用45種貨幣匯款。 Send money in 45 currencies.
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GBP 5,000 1 - 2 days HKD 0.00 0.108 EUR
1,076
可匯款至20+個國家,無手續費。 Transfer money to 20+ countries with no transaction fees. Go to site Show details
USD 2,000 1 day HKD 0.00 0.108 EUR
1,076
TorFX保證提供最佳的匯率。需受條款約束。TorFX guarantees to match any competitor's exchange rate.
以30種貨幣匯款到全球。登記後,將會有一個客戶經理提供支持和引導。Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How do international money transfers work?

An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country – in this case, Italy. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

Banks vs money transfer companies

Although banks are quite capable of sending money to Italy, you’ll face high exchange rates and multiple fees to get your money into the hands of the person who needs it. If you need a quick option, banks also fall short – it could take up to a week, while money transfer companies may be able to exchange your money in a few hours.

Specialist money transfer companies are the best place to start. These companies — such as OFX and WorldRemit — offer fast, secure and much more affordable transfers to Italy. The fees are usually lower than what you’d find at a bank, exchange rates are higher and the transactions can be handled from the comfort of your own home. This gives money transfer companies a competitive edge over banks, so consider one when you’re in need of a money transfer to Italy.

How to compare transfer companies when transferring money to Italy

  • Exchange rates. A better exchange rate means more money for your recipient, so look for a company that offers attractive exchange rates.
  • Fees. A hefty transfer fee can easily turn an affordable transaction into an astronomically expensive one, so check how much each provider will charge for handling your transfer.
  • Transfer methods. Can you send your transfers online, through a mobile app, by calling the company or visiting one of its branches?
  • Transfer options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments?
  • Turnaround time. How long will it take for your money to arrive? Processing times can vary from a few minutes to several days.
  • Minimum limit. Some companies will impose a high minimum limit on all transfers, a fact that can be quite restricting if you don’t want to transfer very much money.
  • Pick-up methods. Can the cash you send be collected from a branch in Italy, and if so, how many branches does the provider have? Alternatively, can you send funds via bank account transfer?
  • Customer service. If you ever have a question or a problem, when will customer support be available and how can you access it?

Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. A strong currency will yield more money when exchanging it for a weak currency. Italy is in the heart of the eurozone and uses the euro as its currency. The euro’s exchange rates is flexible, so it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic and political stability and inflation.

How to send money to Italy from Hong Kong

  • Bank transfers. A transfer from your bank account to an Italian bank account is a secure option but will typically cost you more.
  • Online money transfer providers. Send money all around the world and enjoy cost-effective transfers when you use a specialist online transfer company.
  • Money transfer companies with cash pick-up options. MoneyGram and Western Union all offer this convenient service.
  • PayPal. PayPal allows its customers to use their accounts to send international money transfers.
  • Cheques. An international cheque from your bank can be sent to your recipient in Italy.

Steps to send money to Italy

  1. Choose a provider from our comparison table above.
  2. Register for an account with a provider.
  3. Provide information about yourself, including your name and contact details.
  4. Provide your recipient’s information and contact details.
  5. Select the amount you want to transfer and complete your transaction.
  6. Keep your receipt to monitor the progress of your transfer.
  7. Check in with your recipient to make sure the transfer was successful.
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Same-day cash transfers in Italy

There are certain circumstances where you may need to send a transfer urgently, for example, if your son or daughter is travelling through Italy and has their wallet stolen. When this happens, there are companies that can get the funds to your recipient in minutes, but you’ll have to pay extra for the privilege of a rapid transfer. Higher fees and lower exchange rates may apply, so check the fine print to determine the total cost of your transfer first.

Tips for picking up cash in Italy

Italy has an increased risk of terrorism; theft from tourists is common, particularly in crowded and tourist areas, in larger cities and on public transport; and the country experiences frequent civil unrest and strikes.

With this in mind, you should take care whenever you pick up cash from a transfer agent. This means staying aware of your personal safety at all times and taking a few steps to prevent yourself becoming a target for thieves.

  • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
  • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
  • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
  • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.

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