Foreign Exchange in Italy
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Foreign Exchange in Italy
- 4% savings compared to banks
- 24/7 online support from the UK
- Free payments over £3,000
- Full payment reconciliation
- Free to register an account
The official currency of Italy is the Euro, also known as EUR.
How to send money to Italy
Simply register online and follow our straightforward booking process. You will need to have the following details handy to make a transfer to Italy;
- Beneficiary name – Please enter the full beneficiary name to enable the bank to accept the payment. No nicknames.
- Bank name – Please enter the full name of financial institution.
- Swift code – The SWIFT is an international standard for identifying a bank and it is 8 or 11 characters long.
- •IBAN - IBAN is an international standard for identifying an account and it consists of up to 34 alphanumeric characters, it is an extension of your existing account number.
- You may want to add a reference that is relevant to your payment
Additional foreign exchange services
MultiPay – Multiple outbound payments
Whether you pay one or hundreds of overseas invoices per month, we manage, convert, track and deliver your funds in one simple step. You send one spreadsheet detailing beneficiaries, amounts and currencies. We fulfill all payments at our bank beating rates, with just a single payment required from you to settle all payments.
AutoPay - Regular inbound payments
Do you receive foreign currency payments on a regular basis? If so then AutoPay is the ideal solution for seamlessly managing your payments.Using our currency account details on your overseas invoices you can have your funds converted into the currency of your choice at our bank beating rates and sent to your bank account automatically and with no delay, saving you time and money.
Book a forward contract
If you have a foreign exchange requirement in the next 12 months and wish to protect yourself against potential losses caused by market movements then booking a forward is the best way to receive the rate you want.
Booking an Order allows you to select the exchange rate you would like to achieve and we will handle the rest for you, and will automatically book your currency exchange if your rate becomes available.
Organisations that can assist with Foreign Exchange
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At XE, we live currencies. We provide a comprehensive range of currency services and products, including quick, easy, secure Money Transfers for individuals and businesses.
WorldRemit provides a quick, secure and cost-effective money-transfer service to more than 100 countries around the world.
After moving back to Italy from the United States in 2013, I realized how much an accounting and tax form was needed to help expats living in Italy to comply with the local tax regulations.