If you have chosen to start a new life under the Italian sun – or you wish to buy a holiday home with a vineyard view – you will need to send money to Italy from the UK. Whether your dose of la dolce vita is permanent or temporary, you will be keen to find the best way to transfer money to Italy – as well as the best exchange rate.
You would not be the first Telegraph reader to succumb to the charms of Italy, so we have teamed up with foreign exchange specialist, moneycorp, to provide you with the Telegraph International Money Transfer Service.
How difficult is it to send money to Italy?
Transferring money to an Italian bank account is simple. Once you have registered with the Telegraph International Money Transfer Service, you will receive your own moneycorp foreign currency account which you can use to send money to Italy and hundreds of other countries worldwide.
As well as competitive GBP to euro exchange rates and zero transfer fees, moneycorp offers Telegraph readers guidance to protect you against fluctuations in the foreign currency market.
Each payment can range from a small sum for modest expenses, to a large amount of currency to host an Italian wedding to rival George and Amal Clooney’s.
What do I need to send money to Italy?
To make an international money transfer from the UK to Italy, you will need to provide your personal details, as well as the name, account number and contact details for the receiving account – whether that’s your own account in Italy or another recipient. You will also be asked for the reason for your transfer.
Can I send money to Italy online?
As a moneycorp client you will have your own online currency account, allowing you to make payments to Italy at the touch of a button. Simply choose the currency you wish to transfer to, select the amount you wish to transfer and make the payment.
You can also access your online account via the moneycorp app. Wherever you are in the world, simply log in to your account to make a transfer, track your payments, view live exchange rates and sign up for email alerts on FX market movements.
Can I set up regular payments to Italy?
If you are buying your dream villa in Chianti, you may need to make regular mortgage repayments to an Italian lender. Or perhaps you are retiring to Italy and wish to transfer your UK pension payments into your Italian bank account. Whatever your circumstances, regular payments to Italy are simple with moneycorp.
You can set up regular payments swiftly via your online account, or over the phone with the help of a dedicated account manager. Payments can be made weekly, monthly or quarterly, on the date you select. Sterling will be collected from your UK bank account, exchanged for euros and paid into the chosen account in Italy.
In addition, by choosing to fix the exchange rate on regular payments with a forward contract, you will know how much you are sending and receiving as you sip an espresso in a quiet piazza.
- Benefit from competitive GBP to euro exchange rates and zero transfer fees when you send money to Italy with the Telegraph International Money Transfer Service.
moneycorp is a trading name of TTT Moneycorp Limited which is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of payment services.
The above article was created for Telegraph Financial Solutions, a member of Telegraph Media Group. For more information on Telegraph Financial Solutions click here
Information correct at date of publication.