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Send money to Italy

Compare money transfer companies to send cash to Italy in as little as a few minutes.

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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.

Send money to Italy with XE

Offering no maximum and no minimum limit transfers with $0 fees.

  • Send money to 130+ countries
  • Competitive exchange rates that are often better than banks'
  • XE doesn’t charge any transaction fees, commissions or ongoing fees
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Compare international money transfers to Italy

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Italy with our money transfer partners.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1,000 1 - 2 days USD 0.00 0.849 EUR 4,244 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
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$1 Same day USD 0.00 0.854 EUR 4,268 XE offers fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$0 1 - 2 days USD 1.99 0.84 EUR 4,199 Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
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$1 1 - 2 days USD 40.00 0.857 EUR
4,253
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
$1 Within an hour USD 3.99 0.854 EUR 4,265 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
$50 1 - 2 days USD 0.00 0.852 EUR 4,261 InstaReM offers quick and simple international money transfers with the ability to earn loyalty points. Go to site Show details

Compare up to 4 providers

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

What’s the best way to send money to Italy?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Italy. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like XE specialize in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Italian bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram, Remitly and Western Union allow you to transfer cash for pickup at a local branch in Italy— often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.

Banks

Italy uses the euro. The euro is a popular currency, so your local bank may be able to exchange them. If your bank supports the euro, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Italy.

Let’s crunch the numbers: Sending $1,000 to Italy

Let’s say you need to send $1,000 to family in Italy. Here’s what you might face as far as fees and exchange rates as of June 11, 2020.

Digital money transfer serviceCash transferBank transfer
Fee$0$3.99$25 + additional correspondent bank fees
Exchange rate1 USD = 0.872 EUR1 USD = 0.875 EUR1 USD = 0.836 EUR
Transfer speed1-2 daySame day2-5 days
Amount receivedEUR 872EUR 871EUR 815
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in Italy. If you go with the digital money transfer service, your recipient ends up with EUR 57 more than the bank offers. If speed is crucial, or your recipient wants to pick up cash, a cash transfer can typically have your transfer to Italy in as little as an hour. Confirm there is a cash pickup location near your recipient before sending.

How to send money to Italy online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Italian bank account information.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Italy. Some money transfer providers send a text or email when your transfer is complete.

What are the ways that I can send money to Italy

  • Bank transfers. Many major US banks will allow you to send money to Italy.
  • Money transfer providers. Providers like XE and CurrencyTransfer can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union, Remitly and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from the US to Italy.
  • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.
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How to get the most out of your money transfer to Italy

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Italy to best meet your needs:

  • Exchange rates. The USD-EUR relationship fluctuates often, so using a service that allows you to lock-in exchange prices may help you save money down the line if the euro rises against the US dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger USD-EUR exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of euros you’re sending to Italy.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Italy.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a Italian bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to Italy

When urgency trumps cost to get your money to Italy quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Italy without a bank account

Cash transfer services can help you if you’re unbanked or marginally banked. If you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Italy’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Italy’s exchange rate is flexible compared to the US dollar, and the USD-EUR relationship typically changes daily. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Track how the euro in Italy trades against the US dollar in our historical rate chart.

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Updated: 25 Sep 2020 04:49:56 UTC

Documents needed for sending to and receiving money in Italy

To send money to Italy from the US, you’ll need government-issued ID and other documents, while documents needed to pick up money in Italy may differ by company.

Documents to send money from the US

To send money from the US to Italy, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s license, passport or other government-issued ID. Some services allow you to send transfers without ID, but they may require your SSN.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number and Italian bank account information.

Documents to receive money in Italy

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. An Italian Passport, Italian ID or similar official ID that is valid in the EU may be required to pick up your transfer.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

What to watch out for

Sending money to Italy may be subject to taxes on the money transfer, but it depends on a lot of variables. In general, any large transfers being sent from the US to Italy should be filed with the IRS to avoid any penalties. To learn more about what penalties you may face by failing to file your transfer, read our guide on large transfers to Italy.

Bottom line

Sending your hard-earned money to Italy shouldn’t cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

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