Italy

How to send money to Italy

Bellissimo! Find the best exchange rates and the lowest fees when you want to send money to Italy from the U.S.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Italy doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the most euros for your dollar.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Italy is easy. However, do your research and shop around for the best available deal.

World First Foreign Exchange

World First International Money Transfers

Most Convenient money transfers with excellent customer service. Send to 140+ currencies in 45 countries.

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  • Enjoy competitive exchange rates.
  • Get even better exchange rates with forward contracts and limit orders.
  • Receive weekly updates on market exchange rates.

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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting
    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 0.852 Online EUR 4,261 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    TransferWise International Money Transfers
    USD 1 1 day USD 50.00 0.855 Online EUR
    4,233
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 0.852 Online, Bank Account to Bank Account EUR 4,259 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    HiFX International Money Transfers
    USD 100 2 days USD 5.00 0.851 Online EUR 4,252 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

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    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.
    Laws and legal documents when transferring large sums of money into Italy

    Banks versus money transfer companies

    You might think the best place to go when you need to send an international money transfer is to your bank. While your bank can certainly help you send money to Italy, however, they won’t do it cheaply. High fees and low exchange rates are hallmarks of international transfers through banks, so you’re better off looking elsewhere for a more cost-effective solution.

    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 and around the world. Their fees are usually lower than the banks’, their exchange rates higher and the transactions can be handled from the comfort of your own home.

    Filippo Sends Money to Italy

    Filippo is a professional soccer player in the MLS. He wants to send a $1,000 gift to his sister back home in Florence for her 30th birthday, but the idea of paying his bank’s $50 transfer fee is too much to bear. He compares two money transfer companies in the hope of finding a more affordable solution.

    Money transfer company 1Money transfer company 2
    Exchange rate1 USD = 0.89 EUR1 USD = 0.87 EUR
    Transfer fee$5$4
    Transfer methodBank account depositBank account deposit
    Processing time3 business days1-3 business days
    Amount received (in EUR)890 EUR870 EUR

    As you can see, Filippo can send an extra 20 euros to his sister if he uses the second transfer company.

    Foreign exchange rates explained
    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    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.
    • Pickup 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?

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    How to send money to Italy from America

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    Emergency 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 traveling 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.
    Find a money transfer location near you

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    How to send money to Italy

    In most cases, you will need to sign up for an account with a money transfer company before you can send any funds. This usually means you’ll need to provide your full name, your contact details and a valid form of ID.

    You’ll also need to supply your recipient’s name and contact info and the full details of your proposed transaction. Once your transfer has been accepted, make a note of any tracking number you receive so you can check up on the progress of your funds.

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    US International Money Transfers Offers

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    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.

    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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