Transfer Money to Italy

→
GBP

Comparing 5 providers

Sorted by highest amount received

Real exchange rate 1 GBP = 1.1479 EUR 30-day trend · Data from Xignite.com
Live
Best options for your transfer
Excellent Best Deal
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1399
Recipient gets
€ 22,798 EUR
+€299 more vs the typical bank
Go to Moneycorp ›
Very Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1389
Recipient gets
€ 22,778 EUR
Go to Western Union Business Solutions ›
Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1379
Recipient gets
€ 22,758 EUR
Go to World First ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1369
Recipient gets
€ 22,738 EUR
Go to Smart Currency Exchange ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1359
Recipient gets
€ 22,718 EUR
Go to UKForex ›
We get fees, exchange rates, and other details from money transfer providers, usually in real time. We try to keep this information accurate, but we can't guarantee it's always correct.

Questions you may have

Do I pay anything extra?
No. We may earn a commission, but you never pay more.
Is my money safe?
We only list regulated, licensed providers.
Why do rates change?
Exchange rates move constantly. We update results in real time.
What happens after I click?
You'll be redirected to the provider to complete your transfer securely.

Why Millions Use Us Before Sending Money

Regulated partners only

Real-time exchange data

Independent comparison

Best provider Moneycorp
Recipient gets € 22,798 EUR
Go to Moneycorp
Secure · No hidden fees

About Money Transfers to Italy

Banks apply a raft of hidden charges and opaque fees on international money transfers. Our panel of partners dont. A better and cheaper way to transfer money to Italy is with a non-bank foreign exchange specialist. Our award winning platform will assist you in cutting the cost of your currency transfer to Italy by as much as 85%. All companies listed on the MyCurrencyTransfer are vetted and checked, ensuring you will only transfer money with a broker regulated by the Financial Conduct Authority (FCA).

Whether you are purchasing your dream Tuscan villa in the heart of Florence or making regular overseas payments to Rome, our foreign exchange comparison tables will find you the best rates on euro money transfer to Italy. The comparison tables update on a live basis & help you dramatically cut the cost of sending money abroad. Compare & save today, its free!

Last updated: May 08, 2014 Our methodology

Quick Facts: Italy

Key information for sending money to Italy

Transfer Speed
1 working day
Local Currency
EUR
Income Tax Rate
23-43%
Avg. Property Price/m²
4,644.72 EUR
Avg. Monthly Rent (3 bed)
1,095.74 EUR
IBAN Required
Yes

Money Saving Tips for Italy

Expert advice for your international transfer

When a rural property is sold, neighbouring farmers have the right of first refusal so it is good practise to notify them of the preliminary contract.

When buying property in Italy, expect to buy a deposit of only 5% and sign a short contract while checks are made on the property and it is taken off the market.

You have to be sure you have cleared up all of your financial affairs in the UK before you moved abroad including clearing loans, sorting out bank accounts and telling HMRC you are leaving the UK.

If you are a Non-EU citizen, you must obtain a Type D Visa to stay in Italy longer than the normal 3 months.

What You Need to Send Money to Italy

Checklist of recipient bank details required

IBAN e.g. IT60X0542811101000000123456
International Bank Account Number
SWIFT/BIC Code e.g. BANKITXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Italy

Banca Carige Unicredit SpA Intesa Sanpaolo Banca Monte dei Paschi di Siena UBI Banca (Unione di Banche Italiane) Mediobanca

"When sending money to Italy, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Italy

What is the cheapest way to send money to Italy?

The cheapest way to send money to Italy depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Italy?

Most transfers to Italy are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Italy?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Italy?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Italy

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.