About UK and Italy
Millions of money is transferred from UK to Italy in form of remittance by Italian immigrants working in the UK every year. Whether you want to send money to your loved ones or make payments for service or property purchased, it is important that you find the best money transfer service. Today, sending money from UK to Italy is convenient thanks to the various options available.
Because it can take you a long time to find the perfect money transfer service, Exchange Rate IQ has taken the responsibility to simplify everything for you. Find out the best way to send money from UK to Italy by quickly comparing the options below.
Fastest way to send money from UK to Italy
The impact of technology on the international money transfer industry is mind blowing. Using online platforms like XE Money , Xoom, Transfer Wise and OFX transferring money to Italy from UK can take a matter of minutes. Italian banks that operate in the UK can also offer fast bank to bank money transfers.
Direct money transfer services offered by companies like Western Union, Post Office and Money2Anywhere can also be convenient however, because the transaction is almost instant. Some online money transfer platforms allow you to send money direct to a bank account. This however can take more than a day or two to process.
4 things to consider when sending money from UK to Italy
When searching for the best way to send money from UK to Italy, there are certain things that usually run in your mind and they usually include;
How much the process will cost
The cost of sending money to Italy from UK usually depends on how much you need to transfer and the mode of transfer. However, it is good to know that there are some online, money transfer companies that can offer you very low or free money transfer services.
Comparing the GBP to EUR exchange rates of various money transfer companies is not easy and that is why Exchange Rate IQ is here for you. High exchange rates are good because it gives the GBP more value over EUR no matter the margin.
Sending money to Italy from UK or any part of the world should be as easy as picking up your phone and completing the transaction. That is why online platforms like XE Money and Azimo are winning. Also some of these online platforms allow the sender options for sending money like depositing to an Italian bank account or use pick up point services.
Speed of service
A good money transfer service should be instant. Some however take longer because more time is required to confirm if a transaction is legit. The amount of money you need to send can also affect how long the money transfer process will take.