Highest remittance rate for converting 1 EUR to USD = 1.17
If you are reading this, then you probably have had disappointments with previous mediocre services offered by a bad service provider or are looking for a way to start sending money from Italy to the US. Regardless of the reason, you want knowledge on foreign remittance to make better and informed decisions.
There is no better place you could be at right now if not here at Exchange Rate IQ. With us, you will discover more than enough information concerning the best service providers to use when sending money from Italy to the US.
1.34 billion US dollars was remitted to Italy in 2017 according to a report by the World Bank. This clearly explains the cordial relationship between these two states. There is, therefore, need for international money transfer services between them. However, some service providers may be more expensive than others while some may be slower than others.
Exchange Rate IQ highlights the various transfer service providers and what they each have to offer when it comes to sending money from Italy to the US.
There is no best way to send money from Italy to the US. A variety of service providers offer different types of services when it comes to making international money transfers. Your best choice would thus be choosing a service provider that fits your transfer plan best. However, certain service providers try and balance their costs, speeds or transfer, rates and flexibility. These are the service providers that are the best when it comes to sending money from Italy to US.
Some of these are:
Banks vs Money transfer companies vs Direct cash transfer services
For a start, banks are good when making international transfers and remittance into the bank of the United States since they offer competitive exchange rates. However, everyone knows that banks charge expensively when sending money overseas.
This is where you may want to consider using online money transfer companies. They are not only fast in remittance but also offer more competitive exchange rates than banks and better fees. With them, you can never go wrong since their security systems are of bank standards. In addition to that, they are easy to use and help you send money from the convenience of your home.
Direct cash service providers, on the other hand, can also help you get what you want when it comes to achieving your goal of sending money. They have the same attributes as those of online money transfer companies. However, the latter beats them when it comes to better rates and fees. One outstanding feature of direct cash service providers is that they can do home deliveries of money to your Recipients.
Some of the factors that you need to consider when sending money from Italy to the US include: