Remittances have become the largest source of external financing that the companies are receiving every year from the migrants. Italy is also receiving a high amount of remittances from migrants living in different countries out of which the highest amount is received from the US, Germany, France, Canada, and Switzerland. Every year people send approximately $10-15 billion to Italy to their families from across the globe.
There are multiple options available in the market to send money to Italy including banks, traditional money transfer companies which provide amount to agents in Italy and next-gen money transfer companies which also allows online transfers. The next-gen money transfer companies also allow bank account to bank account transfers, cash pick-up services and online transfers using mobile apps as well as websites. We provide details of almost all the companies and ensure that you should not pay any hidden fees while transacting.
You can check the mid-market rates and then the rates offered by the companies so that you select the cheapest way to send money to Italy. This all will help you to save your time as well as money while making any remittance transfers.