EUR to GHS
Compare Euro Member Countries to Ghana Cedi For Sending Money to Ghana from Italy
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About Italy and Ghana
According to history, Ghanaian migrants have been in Italy since 1980. Today, there are even more Ghanaian migrants residing in Italy. According to the Italian remittance reports, millions of money is sent to Ghana by immigrants. For that reason, Ghanaian migrants in Italy are always on the lookout for the cheapest way to send money from Italy to Ghana. At ERIQ, we have compiled some of the top choices according to users. We even go further to break down fr you the various aspects for comparison like the cost of the transfer, transaction duration, and much more.
Cheap way to send money from Italy to Ghana
Sending money in the 21st century is on another level, with technology taking center stage in almost all methods of sending money. Also, understand that cheap is relative when it comes to money transfer. Some of the cheap ways to send money from Italy to Ghana include;
Online money transfer: Money transfer apps have opened up the global market, simplifying how you can send money from Italy to Ghana. It is good to know that there are so many money apps in Italy, but not all of them are available to help you send money to Ghana since not all of them are available in the country. It is known that online money transfer is the cheapest way to send money from Italy to Ghana, and it is true. That is because services like XE Money will see you send your money without any service cost. Some of the top online money transfer options that you can use to send money from Italy to Ghana include; Remitly, TransferWise, Azimo, Xoom, WorldRemit, and Ria.
Cash delivery services: For a very long time, money around the world has been transferred using cash delivery services. If you look at it from a perspective, even banks seem to offer this service only that money can be held in your account for a longer time. One of the top cash delivery services that have been used by many Ghanaian migrants in Italy to send money back home is Western Union. It is a known service around the world, and it penetrated to the deepest of remote places to deliver money. Today, the company has taken advantage of smartphone technology to deliver its services through Western Union App, which enables you to initiate your transfer using your phone. Other considerable options that are equally reliable for offering cash delivery to Ghana include Travelex and MoneyGram.
Bank transfer: You can send money from your bank account in Italy to the recipients’ accounts in Ghana. Bank transfer is quite common and is one of the oldest ways of sending money across borders. With the availability of mobile banking, completing a bank transfer from Italy to Ghana is much easier. You will not need to line up in the banking halls for hours. When using bank transfer to send money from Italy to Ghana, you will want to be keen on the exchange rates and transfer costs. You can always find a cheaper option if you make a proper comparison.
Factors to consider when sending money from Italy to Ghana
One of the main reasons why some people find it an uphill task to send money to Italy from Ghana is because they fail to do the following;
- Confirming the service cost: You have to know how much a service costs before paying for a transfer. Most services will charge the service cost directly for the money you have released for payment. That means the receiver will receive less money than expected.
- Confirming the service availability: If you send money to Ghana from Italy using a service that only exists in Italy and not Ghana, you will be giving yourself a very hard time. First of all, you may need to reverse the money whereby the service cost does not get refunded. If the receiver has to find other means of getting the money, the cost will be high.
- Finding out how long it takes for the transfer to complete: It can take anything from a few minutes to even five days for your money to reach Ghana. If you don’t know how long it takes for a service to deliver your money, it can be hard to track your money. Nevertheless, you may inconvenience the receiver, especially if the money was highly expected to take care of an important matter.
