5 Cheaper Ways to Transfer Money from the United States to Italy (2023)

Compare 6 providers to find the best way for you to send money from the United States to Italy

What’s the Best Way To Send Money to Italy from the United States

The best way to send money to Italy from the United States will depend on the details of the payment, as well as your personal preference. Here are some things to think about:

  • How does your recipient want to get the money? Different providers have different payout options including bank deposits and cash collection.
  • How do you want to pay? You’ll find a range of options to pay by bank transfer, card or cash depending on the provider you pick.
  • How fast do you need the money to get to Italy from the United States? Banks can take a few days while some specialist transfers are instant.
  • What happens if something goes wrong with your payment? Picking a well rated provider can offer some reassurance that there will be help on hand if you run into any issues.

5 Cheaper Ways to Transfer Money from the United States to Italy (1)

How to send money from the United States to Italy

Making a payment from the United States to Italy – or sending money internationally anywhere else in the world – can be a bit daunting.

You want your transfer to go through smoothly, with low fees, a fair exchange rate and a fast delivery time. But how do you find a provider that ticks all your boxes? And what is required to set up your payment? Here’s how to send money from the United States to Italy in just a few simple steps.

1. Take a look at our comparison table

You have a couple of key choices when sending money from the United States to Italy – use your normal bank, or pick a specialist provider. The good news is that our comparison table can quickly show you which options are best for your specific transfer. We only ever compare reputable providers so you know your money will be safe – and our data is transparent so you can make sure you’re getting the best possible deal every time. Before you decide how to arrange your international payment, check out the transfer fees and exchange rates available, and compare the final received amount for different providers. This will help make sure you get great value for your transfer. You’ll also want to look at other important factors like the delivery speed, payment options and how providers keep your money safe, so you know your payment will go through hassle free.

2. Register with your preferred provider

Specialist providers typically require new customers to register an account – which is usually free – and complete a verification step. This is to comply with the law and keep your money safe. Luckily, some providers also have new customer offers to thank you for registering and reduce the cost of your first payment or two. If you pick an online or in-app service you’ll be able to register your account digitally. Usually all you’ll need is your email address – or you may be able to register through your Google or Facebook account instead. Create a secure password, and upload images of your documents to get verified. Verification usually requires a proof of ID like a passport or driving license, while proof of address can often be a bank statement or utility bill in your name. Finally, some providers let you get verified by uploading a selfie with your paperwork, with instant or near-instant verification common.

3. Make your transfer

Once your account is up and running you’ll be able to create your payment from the United States to Italy. Log into your provider account and generate a personal quote for the transfer. Once you’re happy with the details, you’ll need to enter your recipient’s information to get the payment started. Usually you’ll need to add your recipient’s full name, bank account number, bank name and any other local details needed – like a CLABE number for Mexico or a sort code for the UK. Transfer times can vary depending on the provider you pick. Specialist services can often get your money moving faster than a bank, but it still makes sense to set up your payment as soon as you can to avoid unexpected delays.

The fastest way to find the smartest deal

Join over 100,000 monthly users saving thousands by finding and comparing exchange rates and fees for their next international transfers. All it takes is a few taps or clicks to compare and select the lowest fees and rates available.

5 Cheaper Ways to Transfer Money from the United States to Italy (6)

$57.5M saved &
counting

More than 1.8 million satisfied visitors have saved over $57.5M on currency so far.

5 Cheaper Ways to Transfer Money from the United States to Italy (7)

Never get ripped
off again

We’ve partnered with the largest, safest and most trusted money currency brands in the world.

5 Cheaper Ways to Transfer Money from the United States to Italy (8)

No added costs,
no mark up

Our referral fees don’t affect what you pay. Our exchange expertise is 100% free.

5 Cheaper Ways to Transfer Money from the United States to Italy (9)

Make smarter
decisions

Use our growing money transfer comparison tools and make confident buying decisions.

How much will my money transfer to Italy cost?

The costs of sending an international money transfer to Italy varies widely depending on the type of payment you’re making.

To send money to Italy using an international money transfer provider, the fees range from 33.34 USD to 184.96 USD, but if you plan to send with a traditional bank you could pay more overall. Traditional bank costs include a transfer fee, exchange rate markup, and SWIFT fees which are paid to third parties involved in the transfer.

What’s the cheapest way to transfer money from the United States to Italy?

The costs of sending international payments from the United States to Italy can vary widely. Specialist providers are often cheaper than banks, with better exchange rates too.

In our comparison the cheapest option to send 10000 USD to Italy would be CurrencyFair. By sending money with CurrencyFair you could potentially save up to 151.62 USD compared to the most expensive provider in the table.

When you choose how to send your international money transfer, remember to check the transfer fees, the exchange rate offered, and what third party charges may apply, to build a full picture of the cost of your payment.

(Video) The Cheapest Way To Transfer Money to Germany! 🇩🇪

Send money with CurrencyFair

How long does it take to transfer money to Italy?

How long it takes to transfer money to Italy depends on the provider you pick. Bank international transfers often take a few days to arrive, while specialist services may get your money moving faster.

What is the fastest way to send money to Italy?

While traditional banks can be a familiar way to send money to Italy, they’re seldom the fastest. Specialist services often use their own payment networks to make it faster to move money around the world. While banks may take 3 – 5 business days to get your money where it needs to be, choosing a specialist to send money to Italy could mean your payment arrives instantly, or at least within 24 hours.

Based on our comparison the fastest way to send money to Italy would be with Wise, arriving in only 0-2 Days.

5 Cheaper Ways to Transfer Money from the United States to Italy (10)

What is the best rated provider to transfer money to Italy?

Picking a trusted provider to transfer money to Italy is crucial. Getting a personal recommendation, or using a resource like Trustpilot to see what others say about your preferred international money transfer service will give you peace of mind, and ensure there’s someone on hand to help if things go wrong. Here are the Trustpilot ratings for some popular transfer services to consider:

  • Wise 4.5 stars out of 5 – Excellent – with 180,166+ reviews listed
  • CurrencyFair 4.4 stars out of 5 – Great – with 6,062+ reviews listed
  • XE 4.2 stars out of 5 – Great – with 55,164+ reviews listed
  • OFX 4.1 stars out of 5 – Great – with 5,242+ reviews listed
  • Remitly 4.1 stars out of 5 – Great – with 37,485+ reviews listed
  • Western Union 3.9 stars out of 5 – Great – with 38,326+ reviews listed

Safest way to send money to Italy

The safest way to send money to Italy is to select a provider which is properly registered and regulated both in United States and Italy. There are many global regulators around the world, and it’s common for international money transfer providers to be registered and regulated by dozens of different bodies, depending on where they operate.

In the US for example, you’ll usually find providers are registered with the Financial Crimes Enforcement Network (FinCEN), and they may also need to hold a state license depending on how they’re set up.

5 Cheaper Ways to Transfer Money from the United States to Italy (11)

How to do bank transfers from the United States to Italy?

Here’s an outline of the 4 easy steps needed to send a bank transfer from the United States to Italy:

  1. Create an account – choose the right provider for you and register – this can often be done online or through an app in just a few clicks
  2. Verify – to keep your account safe you’ll need to provide some paperwork. Usually online providers will ask you to upload images of a proof of ID and proof of address for verification
  3. Top up – add funds to your account in your preferred way. Local bank transfers are often the cheapest way to add money to your account ready to make a payment
  4. Add recipient details and send – enter your recipient’s name and bank account details, confirm the amount and currency you’re sending, and you’re ready to go!

5 Cheaper Ways to Transfer Money from the United States to Italy (12)

What details do you need to send money to Italy?

When you send money to Italy you’ll need to provide a few details to make sure your payment goes smoothly. The first time you make a payment with a provider you’ll usually need to provide proof of ID and address for verification. You might also be required to upload documents for some specific transfers, especially if you’re sending a high value amount.

You’ll also have to add your recipient’s information including their full name, bank name and account number and any local details required based on the country you’re sending money to.

5 Cheaper Ways to Transfer Money from the United States to Italy (13)

How can you pay for your transfer to Italy?

Consider how you want to pay for your transfer to Italy before you pick your provider as not all services are available from all international money transfer companies. Common options include:

  • Bank transfer – you can pay for your international transfer using an international wire from your normal bank, or by making a local bank transfer to a specialist provider
  • Online or in app – most specialist services let you pay with a bank transfer or card, through their website or app. You might also be able to pay using your bank’s online banking service if you choose to go with a traditional bank wire
  • Pay by cash in a branch/agency – some providers have branches or agent locations around the country, to allow you to walk in to set up your payment and hand over cash
  • Start online and pay in cash in a branch – finally, some services have an option to book your payment online or in an app and pay by cash at an agent location

To send money with the cheapest money transfer provider CurrencyFair, you can pay using Online.

5 Cheaper Ways to Transfer Money from the United States to Italy (14)

How to send a large amount of money to someone in Italy?

Before you send a large amount of money to someone in Italy you may want to take the following steps:

  • Ask your provider if they have any payment limits, and check if your own bank has limits on local transfers, too
  • Complete your account verification in full to avoid delays
  • Ask your provider if you’ll need any further details of paperwork to send a large amount of money to Italy – you might need to show the source of the funds, or give details about what the payment is for, for example

5 Cheaper Ways to Transfer Money from the United States to Italy (15)

What is the best provider to send a large amount of money to Italy?

If you’re sending a large amount of money to Italy you’ll be able to save money if you select a provider which uses the mid-market exchange rate – or as near as possible as you can find. That’s because exchange rate markups can mean extremely high overall costs when you send larger amounts of money. A small percentage amount added to an exchange rate quickly adds up when the amount you’re sending is on the high side.

Send money with CurrencyFair

USD/EUR exchange rate trends

Exchange rates move around all the time based on supply and demand in global currency markets. It’s a smart move to track USD/EUR exchange rates with a currency converter tool.

(Video) "Because That's Where the Money is", The Language of Banking: loans and credits

You may also be able to set up alerts with your favorite international payment provider, to get notified when USD/EUR exchange rates hit your preferred rate.

Get rate alerts

5 Cheaper Ways to Transfer Money from the United States to Italy (16)

What are the best apps to send money to Italy from the United States ?

5 Cheaper Ways to Transfer Money from the United States to Italy (17)

Using an app to send money to Italy from the United States can be convenient – and if you pick the right provider, you could also save money on your transfer. Here are a few good apps to look at when you make your payment from the United States to Italy:

  • Revolut – Revolut offers free and fee paying accounts, to hold and manage 30+ currencies and send payments around the world. Good for people who want to manage their money on the move, with saving and budgeting tools, kids accounts and more.
  • Remitly – Remitly payments can be made on a selection of popular remittance routes, with great payout options and an easy to use customer interface. Strong option if you want to send money to someone without easy access to a bank account, for cash collection at an agent.
  • Wise – Wise international payments and multi-currency accounts are often the cheapest way to hold, send, spend and exchange 50+ currencies. Open a free personal account in the Wise app, to exchange currencies with the real mid-market exchange rate, spend on your linked international debit card, and receive payments like a local from 30+ countries.
  • OFX – OFX is a currency specialist offering good value for higher transfer amounts, as well as a range of more sophisticated currency risk management tools for individuals and businesses. Arrange transactions online or in the app – or call a currency specialist to talk through your options on the phone.
  • Western Union – Western Union is one of the most recognizable brands in international payments, with huge numbers of agents around the world. Good option for people who want to set up the transfer in app but pay in cash in a branch, or have the recipient get the money in cash at an agent close to them.

What to know about sending money to Italy

How do I make sure my money is safe when transferring to Italy?

All of the providers on our site are financially regulated in the countries they operate and hold thenecessary Financial Services Licences. They have the highestsecurity measures in place for fraud prevention and identityprotection. However, it’s still better to be safe than sorry. Hereare some additional ways you can transfer funds safely:

  • Double check privacy policies and the tracking process for your money transfer provider
  • Use a strong, long and unique password with a combination of uppercase and lowercase letters, numbers and symbols when you set-up your account
  • Ensure your money transfer service provides two-factor authentication, including SMS or email-based security code

Why do provider exchange rates and fees vary?

Different companies charge you different fees. When you send money abroad using your bank or international money transfer company, you could becharged fees in several ways:

  1. They may offer a slightly worse currency exchange rate, also known as the exchange rate markup or margin.
  2. They may charge a fixed fee.
  3. They may charge a commission or service charge, also known as a percentage-based fee.

Something else to bear in mind — if you’re sending money tosomeone else’s bank account, their bank may charge receiving or processing fees. A moneytransfer company has no influence on these fees, and you should speak to the receivingbank to understand how much they might charge.Find out how much it really costs to send money internationally.

Do rates and fees get better the more I send?

Potentially. It really depends on which service provider youuse. Some providers like XE or OFX give better exchange rates or remove their fixedtransfer fees for larger transfers above $10,000. Others providers like Wisealready offer the market exchange rate you see on Google for smaller transfers, which isthe best rate you can get.

Remember, the better the exchange rate, the more money youget in the account abroad. For example, the difference between getting a 0.8015 and0.7488 USD/GBP exchange rate is £58 when you transfer USD $1,000 to the UK.

How much (or little) can I send?

Limits will vary depending on how much you wish to transfer, the countries you send money to, andwhat method of transfer you are using (be it a bank deposit, mobile payment, or cash pick-up).Many providers have a minimum of $250 and a few providers have a maximum transaction amount upto $2 million.

  • For very small amounts our recommendation is Wise. They are available in mostcountries and have no minimum transfer amount and one of the most competitive servicesaround.
  • For larger amounts (over $20,000) we recommend Currencies Direct who specialise in this sizeof transaction and can offer great rates and service.

What are the ways to send money from the United States

  • You can transfer using your bank to another bank account – watch out this can be very expensive!
  • Pay with a bank transfer to an International money transfer provider service
  • Some money transfer services offer debit card transfers such as Wise, TorfX, Currencies Direct, WorldRemit, Remitley, Currency Fair, InstaReM and Xoom
  • A select few offer credit card payments (usually a more expensive option) such as Wise, WorldRemit, Remitly and Xoom.
  • You can send PayPal transfers but this is a costly option when sending anything more than very small amounts
  • You can pay in cash in store for Western Union, and MoneyGram

Read our guides for more details about how to send funds

What are the ways to receive money in Italy

  • Into your bank account from aninternational money transfer provider transaction, this is the most cost effectiveway with the most provider options available.
  • Transfer money for a cashpick-up with worldRemit, Remitly, Xoom, MoneyGram and Western Union. Note that cashoption may not be available in all countries.
  • Into a PayPal from anotherPaypal account, this is a costly option when sending anything more than very smallamounts
  • Other options includee-wallets and airtime topup with companies such as WorldRemit, Remitly and Xoom.Note that cash option may not be available in all countries.

Read our guides for more details about how to receive funds.

Is there a fee-free option when sending money from the United States to Italy

Yes there are fee-free options such as XE. However, you will pay an additional margin to therate online, known as the mid market rate. Wether the company adds their costs into theexchange rate and has ‘no fees’ or whether the company gives you the mid market rate plus aseparates ‘transfer fee’ one is not better than the other. This is just marketing and itmakes it hard to see which option is more cost effective. Ultimately what is important isfinding out, when calculating all these different rates and fees – which one gives you morecurrency for your USD? That’s why comparing is so important!

Do all money transfer companies have a phone app?

Yes. When you have an account with any of the online moneytransfer services highlighted above, you can make transfers through their website, or viatheir iOS Apple and Android apps.

(Video) How to make an International Wire Transfer with Bank of America

However, some areeasier to use than others, check out our guide on which providers have the best apps.

Can I use Venmo in Italy?

No, you cannot use Venmo to spend EUR in Italy as it is only available in the United States. Nor can you use it to send money to Italy. The best alternative we found for sending money is Wise, who offers the best exchange rate for international transfers from United States.

Can I use Zelle to send money to Italy?

No, you cannot use Zelle to transfer money to Italy. Zelle is only available for transfers between United States bank accounts. If you want to send money quickly to Italy, the fastest provider we found is Wise.

Can I use Cash App in Italy?

Cash App is currently available in the United States and the United Kingdom only. If you want to make fee-free transfers to Italy as you would with Cash App, the best fee-free provider is XE.

Your currency knowledge centre

Guide

How to Easily Receive Money from Overseas

There are 3 main ways most people receive money from overseas.Find out the most common fees, exchange rates and money traps toavoid.

  • Readmore ⟶
  • 5 min read

Compare

The Absolute Best 6 Money Transfer Services

Finding the best money transfer services in the US can be challenging. We reviewed over 30 banks and online money transfer companies to give your our list of the best service to send money overseas.

  • Read more ⟶
  • 5 min read

Guide

International Bank Wires: Your Best Options in 2019 Compared

Wire transfers let you send thousands of dollars, to almost any other bank account in the world. There’s just one catch. Transfers through your bank are expensive—really expensive.

  • Read more ⟶
  • 5 min read

Explore all resources

Send money to other countries

  • Send money from the UK to the United States
  • Send money to Australia
  • Send money to Canada
  • Send money to Europe
  • Send money to India

ByJustin RamponoUpdated April 9th, 2021

FAQs

What is the cheapest way to send money to Italy? ›

Bank Transfer

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money. Read more how to use bank transfers as a payment option.

How to send money from United States to Italy? ›

Transfer Of Funds to Italy via Western Union

The person wiring funds should call Western Union in the U.S. at 1-800-325-6000 and provide credit card information for the transfer. Please note that your relative/friend in the U.S. will be charged a fee for the transfer. The fee depends on the amount of money sent.

What is the cheapest way to transfer money from US to Europe? ›

The cheapest way to send money internationally is to transfer funds directly from your bank account to a recipient's bank account. Most transfer services charge additional fees for debit card or credit card payments and cash pick-ups. Credit card payments will incur additional charges from your credit card provider.

How do I transfer money from my US bank account to an Italian bank account? ›

Common options include: Bank transfer – you can pay for your international transfer using an international wire from your normal bank, or by making a local bank transfer to a specialist provider. Online or in app – most specialist services let you pay with a bank transfer or card, through their website or app.

Can I Zelle to Italy? ›

No, Zelle® can only be used to send funds to someone who has a bank account in the United States. However, you can visit a local U.S. Bank branch to send money via wire transfer to an international recipient.

Can I PayPal to Italy? ›

And the best part is, if you have an account with PayPal you can start sending money to Italy right now with your PayPal payment options right at your fingertips.

What's the best way to send money to Italy? ›

  1. Best Money Transfers Wise (ex-TransferWIse) Western Union WorldRemit Skrill Remitly Paysend CurrencyFair TransferGo.
  2. Best Neobanks Wise Account Revolut N26 Monese bunq Curve Starling Bank.

Can I use venmo to send money to Italy? ›

Can I use Venmo in Italy? No, you cannot use Venmo to spend EUR in Italy as it is only available in the United States. Nor can you use it to send money to Italy.

Can I venmo to Italy? ›

No, you cannot Venmo to another country or send money to a friend and family abroad. Venmo is currently only supported within the U.S. You will get an error message if you are using Venmo while abroad. Your account could be terminated if you are not in the U.S. It also doesn't work with a VPN.

How do I transfer money from US bank to a European bank account? ›

Bank transfer – you can pay for your international transfer using an international wire from your normal bank, or by making a local bank transfer to a specialist provider. Online or in app – most specialist services let you pay with a bank transfer or card, through their website or app.

How do I avoid international transfer fees? ›

The easiest way to avoid a foreign transaction fee is to use a debit or credit card that waives foreign transaction fees while traveling abroad. Luckily, there are plenty of credit and debit card options that offer this perk for those crossing borders.

What is the best way to transfer money internationally without fees? ›

OFX. OFX offers the cheapest way to send money internationally. They don't charge transfer fees on any amount, but there are exchange rate markups to watch out for. You must transfer at least $1,000, but they don't have a maximum amount you may transfer.

Does Zelle work with Italian banks? ›

In order to use Zelle®, the sender and recipient's bank accounts must be based in the U.S.

What American bank is in Italy? ›

Citi (Citigroup), JP Morgan Chase, and Bank of America, as well as numerous smaller, regional banks maintain offices in Italy.

How much does US bank charge for international transfer? ›

US Bank International wire transfer fees table
US Bank international transferRegular fees¹
Incoming international transfer$25 per transfer
Outgoing international transfer$50 per transfer
20 Jul 2022

Can I use Cash App in Italy? ›

Unfortunately, Cash App is not yet available in European countries – it's only available for US and UK residents. If you live in the US or UK and want to send money to a friend who lives in Germany, or another European country, you cannot do so.

Is MoneyGram available in Italy? ›

WHERE. With MoneyGram, in addition to transferring money abroad, you can also receive in Italy the amounts sent from abroad, at the authorised post offices.

What money app works internationally? ›

Remitly helps you send money worldwide using your bank account, credit card, or debit card. More money makes it home to friends and family thanks to Remitly's great rates, special offers, and no hidden fees. Remitly provides multiple levels of security for all transfers to protect your money against fraud.

How much is the PayPal fee for $100? ›

PayPal's payment processing rates range from 1.9% to 3.5% of each transaction, plus a fixed fee ranging from 5 cents to 49 cents. The exact amount you pay depends on which PayPal product you use. A $100 transaction will cost between $2 and $3.99.

How much does it cost to send money to Italy with PayPal? ›

PayPal international transfer fees

PayPal will charge you up to 5.00% of the transaction amount for personal international payments. This transaction fee assumes that you are making the international transfer from your PayPal balance.

Can I Western Union to Italy? ›

Today, we're still going strong – with more than 600,0001 agent locations around the world. We operate in more than 200 countries and territories around the world. Whether your loved ones are in Italy or Indonesia, you can reach them with Western Union.

What is the safest cheapest way to transfer money internationally? ›

The 7 Cheapest Ways To Send Money Internationally
  • Best for bank transfers: Wise.
  • Best for cash transfers: Remitly.
  • Best for mobile money: WorldRemit.
  • Best for card transfers: Paysend.
  • Best for additional banking features: Revolut.
  • Best for coverage: XE Money Transfer.
  • Best for large transfers: OFX.

What is the cheapest way to transfer currency? ›

An international bank transfer is usually the best way to transfer money internationally because it is secure, fast and cheaper than other methods such as cash, money orders or credit cards. A bank or money transfer company can carry out an international bank transfer for you.

Can Google pay be used internationally? ›

You can use Google Pay to send money in the US, India, and Singapore. Learn how to send money to family and friends in the US and Singapore.

Can I send money internationally with Cash App? ›

There are no fees to send or request payments outside your region using Cash App. Cash App uses the current mid-market exchange rate for international payments, which is determined by the current “buy” and “sell” rates with no additional fee included by Cash App.

Can I PayPal internationally? ›

PayPal can be used for international transactions and is available in over 200 countries, giving companies the option to make cross-border payments and transfers via the app or website at PayPal.com.

Can I transfer money from my US bank account to a foreign bank account? ›

You'll need to visit a U.S. Bank branch to send money outside of the United States. Talk to a banker to let them know you'd like to send an international wire transfer. Feel free to schedule an appointment with one of our bankers if you can't drop by or need to manage your time.

How do I transfer money from my US account to a foreign account? ›

You can use the bank where you have a checking or savings account to conduct your international money transfer or open an account with various companies that specialize in sending money, such as Western Union, MoneyGram, PayPal, Xoom, TransferWise or Paysend. The fees for transferring money can add up quickly.

Which bank is best for international transfers in us? ›

Here are the top seven best US banks for international wire transfers.
  1. Bank of America. Bank of America is one of the largest banks in the United States. ...
  2. Wells Fargo. Wells Fargo is one of the oldest and largest banks in the US. ...
  3. Citibank. ...
  4. Capital One. ...
  5. JPMorgan Chase. ...
  6. PNC Bank. ...
  7. U.S. Bank.
13 Sept 2022

Which bank has no foreign transaction fee? ›

Start your next trip off right by applying for a Bank of America® credit card with no foreign transaction fees. You can only compare up to 4 cards.

What banks charge for international transfers? ›

Average wire transfer fees

Wire transfer fees typically range from $0 to $50. Domestic outgoing wire transfer fees typically range from $0 to $35, while international outgoing wire transfer fees are usually $35-50.

What banks have no international ATM fees? ›

Banks with no debit card foreign transaction or ATM fees
  • Capital One 360. Capital One's online bank stands apart from many banks because it doesn't charge a currency conversion fee or a fee for using a foreign ATM network. ...
  • Charles Schwab Bank. ...
  • Discover Bank. ...
  • Varo Bank.
16 Aug 2022

Can venmo send money internationally? ›

The short answer is no. Venmo is not internationally supported, and the app is only available to US residents. To use Venmo in the first place — let alone send and receive money via online banking — both the sender and the recipient must have US bank accounts and, in some circumstances, Social Security Numbers too.

What's the best way to send money internationally? ›

5 Best Ways to Send Money Internationally
  1. Wise.
  2. OFX.
  3. Xoom.
  4. MoneyGram.
  5. Western Union.
6 Sept 2022

Is Zelle free for international transfer? ›

Is Zelle free for international transfer? Zelle doesn't charge for domestic payments - however, Zelle is not available for international transfers. Both the sender and recipient of a Zelle payment must have US based bank accounts and phone numbers.

What US banks have ATMs in Italy? ›

A group of major banks, including Bank of America, Barclays, Deutsche Bank and Westpac, have formed the Global ATM Alliance. If your bank is a member, you can use the ATMs of other banks in the alliance without paying a withdrawal fee. Italian bank BNL (Banca Nazionale Del Lavoro) is part of the alliance.

Does Bank of America charge ATM fees in Italy? ›

Bank of America will assess an international transaction fee of 3% of the U.S. dollar amount for all ATM withdrawals processed in foreign currency. International ATM operators may offer to do your currency conversion for you, but they may charge a higher fee for conversion.

Can I use my US ATM card in Italy? ›

Can I use my Debit Card in Italy? As long as your account has enough funds and is not blocked by your bank, you can use foreign Debit Cards to withdraw cash from Italian ATMs and pay via a handheld card reader.

Do any banks offer free international wire transfers? ›

Which banks offer free wire transfers? Some banks offer free wire transfers, and others waive fees for certain accounts. Fidelity, for example, offers free incoming and outgoing domestic and international wire transfers in U.S. dollars, and HSBC offers holders of Premier accounts a free transfer option.

Can I use my U.S. Bank debit card internationally? ›

Yes. Cards issued by U.S. Bank can be used in most foreign countries for transactions. If you're planning to travel and want to use your card, let us know. Call us at the number on the back of your card, or add a travel note to your account digitally.

Does U.S. Bank have free wire transfer? ›

U.S. Bank charges a fee for wire transfers, whether initiated in the app, online or by other means. You'll see U.S. Bank's fee amount before you confirm your submission.

What is the best way to send money to someone in Italy? ›

  1. Best Money Transfers Wise (ex-TransferWIse) Western Union WorldRemit Skrill Remitly Paysend CurrencyFair TransferGo.
  2. Best Neobanks Wise Account Revolut N26 Monese bunq Curve Starling Bank.

How do I send money to a friend in Italy? ›

Best ways to send money to Italy
  1. Bank Transfer. Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. ...
  2. Debit Card. Paying for your transfer with a debit card is easy and fast. ...
  3. Credit Card. ...
  4. PISP. ...
  5. Swift. ...
  6. Google Pay. ...
  7. Apple Pay.

Which international money transfer is cheapest? ›

The 7 Cheapest Ways To Send Money Internationally
  • Best for bank transfers: Wise.
  • Best for cash transfers: Remitly.
  • Best for mobile money: WorldRemit.
  • Best for card transfers: Paysend.
  • Best for additional banking features: Revolut.
  • Best for coverage: XE Money Transfer.
  • Best for large transfers: OFX.

Is it cheaper to send MoneyGram or Western Union? ›

Western Union tends to provide cheaper fees while MoneyGram generally provides better exchange rates.

Does Italian have PayPal? ›

Online payment method PayPal is well-known within Europe, but the usage of PayPal in online stores varies between countries. In Italy, 93 percent of online stores offer PayPal as a payment method.

What app do Italy use to receive money? ›

Bancomat Pay is an italian mobile payment app. It can be used by over 37 million italian people with a PagoBancomat debet card (linked to their bank account) or prepaid card.

Does MoneyGram work in Italy? ›

WHERE. With MoneyGram, in addition to transferring money abroad, you can also receive in Italy the amounts sent from abroad, at the authorised post offices.

Does Western Union exist in Italy? ›

We have more than 10,0001 agent locations in Italy where your loved ones can pick up cash.

How do I avoid fees when sending money internationally? ›

Here's a look at some of the most effective ways to keep your costs low as you send money internationally.
  1. Ask the Bank to Waive the Fee.
  2. Use Multi-Currency Accounts.
  3. Make Cross-Border Payments.
  4. There's No Reason to Pay Wire Transfer Fees.

How can I transfer international money for free? ›

International money transfer services offering free transfers include:
  1. OFX. Standard transfers come with no transfer fee through OFX.
  2. WorldRemit. Create an account with WorldRemit, and you won't pay fees on your first money transfer.
  3. Hawk FX. Meet its $10,000 minimum for fee-free transfers through Hawk FX.
  4. Wyre.
1 Mar 2021

How can I send money cheaper than Western Union? ›

Remitly is a US-based digital remittance app that's very often the fastest and cheapest money transfer app on Monito. Like Western Union, Remitly offers various pay-in and pay-out options and supports currency transfers to over 85 countries worldwide, but unlike Western Union, it's often 2 to 5 times cheaper!

How can I avoid Western Union fees? ›

You can avoid these fees by using a debit card. * Western Union also makes money from currency exchange. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees, foreign exchange rates, and taxes may vary by brand, channel, and location based on a number of factors.

Is PayPal cheaper than Western Union? ›

Our Western Union vs PayPal comparison has found that Western Union offers faster transfer times, more favourable exchange rates, and lower fees than PayPal. While PayPal does have it's advantages for more convenient transfers domestically, Western Union is the better choice for international transfers.

Videos

1. TransferWise | Wise Money Transfer (Full Tutorial - Step-by-Step )
(The Holistic Hustle)
2. Send money India 🇮🇳 with phone ?? Money send uk 🇬🇧 to India 🇮🇳?? My experience 🇬🇧❤️
(Harman Uk)
3. Chinese executions exposed by rare photos
(CBS News)
4. Aftermath of a Chimpanzee Murder Caught in Rare Video | National Geographic
(National Geographic)
5. The Truth Behind Italy's $1 Homes
(Business Insider)
6. Made In vs. All-Clad: My Unbiased Comparison After Testing Both for 3+ Years
(Prudent Reviews)
Top Articles
Latest Posts
Article information

Author: Melvina Ondricka

Last Updated: 03/11/2023

Views: 6118

Rating: 4.8 / 5 (68 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Melvina Ondricka

Birthday: 2000-12-23

Address: Suite 382 139 Shaniqua Locks, Paulaborough, UT 90498

Phone: +636383657021

Job: Dynamic Government Specialist

Hobby: Kite flying, Watching movies, Knitting, Model building, Reading, Wood carving, Paintball

Introduction: My name is Melvina Ondricka, I am a helpful, fancy, friendly, innocent, outstanding, courageous, thoughtful person who loves writing and wants to share my knowledge and understanding with you.