How to send money to Italy

Compare money transfer companies that let you send money to Italy safely and affordably.

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

Compare services that send money to Italy from the UK

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 2,000 1 day GBP 0.00 1.087 EUR
10,874
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply).
Get bank-beating exchange rates and no fees when you transfer with TorFX.
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GBP 5,000 Same day GBP 0.00 1.087 EUR
10,874
Universal Partners FX offers competitive exchange rates and same-day transfers for 100+ currencies. Go to site Show details
GBP 2,000 1 day GBP 0.00 1.087 EUR
10,874
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 5,000 1 day GBP 0.00 1.087 EUR
10,874
Take advantage of fee lock-ins and live bookable rates, helping you save up to 85% in hidden bank fees. Go to site Show details
GBP 2,500 Same day GBP 0.00 1.087 EUR
10,874
Central FX’s dedicated private client team will guide you through the money transfer process from first call to final payment. Go to site Show details
GBP 1 Same day GBP 0.00 1.087 EUR
10,874
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 3,000 1 day GBP 0.00 1.087 EUR
10,874
Get no fees as a Finder customer when you transfer your money overseas with Global Reach. Go to site Show details
GBP 5 2 days EUR 3.00 1.086 EUR
10,863
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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GBP 50 Same day GBP 2.99 1.081 EUR
10,805
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
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GBP 10 Within an hour GBP 2.00 1.086 EUR
10,858
First two transfers free for new customers.
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points.
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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.

You can send money to Italy using 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 a local bank might be an obvious choice if you want to send money to Italy, you can expect 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 to send money to Italy, 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 services. 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 need to send money to Italy.

Case Study: Filippo Sends Money to Italy

Filippo is climbing the career ladder in London. 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 that both send money to Italy in the hope of finding a more affordable solution.

Money transfer company 1Money transfer company 2
Exchange rate1 GBP = 1.135 EUR1 GBP = 1.121 EUR
Transfer fee£4£0
Transfer methodBank account depositBank account deposit
Processing time1-2 days2 days
Amount received in EUR for £1,0001,131 EUR1,121EUR

Although there’s little difference in the overall costs here, Filippo can send a bit more money to his sister more quickly if he uses the first transfer company.

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How to compare transfer companies that send 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 money to Italy through online transfers, 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?

Foreign exchange rates explained

Exchange rate determines how much money you can get when you convert it to the currency of another country. The GBP and EUR have traditionally been competitive with one another, but for the most part, the pound is the stronger currency. This means if you want to send money to Italy you’ll get just over one euro for every pound.
Exchange rates for Italy

How to send money to Italy from the UK

  • 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 pickup options. Ria, MoneyGram and Western Union all offer this convenient service.
  • PayPal. PayPal allows its customers to use their accounts to send international money transfers.

Steps to send money to Italy

  1. Choose from among the numerous transfer providers who send money to Germany.
  2. Register with the provider of your choice on their website providing your name, address, contact information and date of birth. A valid photo ID will also be required.
  3. Provide your recipient’s name, address and contact details. Depending on the transfer method you may also have to supply their bank account information.
  4. Enter the amount you want to send, complete your transaction and save your tracking or receipt number to follow up on the progress of your transfer.

Same-day cash transfers in Italy

If you need to send money to Italy urgently, some companies 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 is a popular travel destination for tourists from the UK, but you should still 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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4 Responses

  1. Default Gravatar
    BreSeptember 3, 2017

    Can a non Italian visitor pick up a Moneygramm with just their passport? Or do they need additional identification to pick it up?

    • Default Gravatar
      DanielleSeptember 3, 2017

      Hi Bre,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      You’ll need the following in order to receive your money transfer from Moneygram:
      – Government-issued identification (ID) that displays your legal name
      – Reference number – request the reference number from the person who sent the money transfer

      Please note that the name on the transfer record, completed by the person sending the transfer, must exactly match the name as it appears on the official ID. And requirements vary by country so please ask your local MoneyGram agent for details about their process and procedures.

      I hope this helps.

      Cheers,
      Danielle

    • Default Gravatar
      BreSeptember 3, 2017

      How to pick up money transfers for a visitor to Italy?

      • Default Gravatar
        DanielleSeptember 3, 2017

        Hi Bre,

        Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

        It would depend on how the money was transferred. Money transfer companies such as Western Union and MoneyGram let you send money to bank accounts and cash pickup locations. A list of cash pick up locations are listed on the page.

        I hope this helps.

        Cheers,
        Danielle

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