To transfer money to Italy, you need to familiarize yourself with the methods of modern money transfers and choose the most suitable sending system for yourself. It is preliminarily recommended to find out the restrictions on sending currency in each specific case and the interest for its implementation.
Instructions
Step 1
When learning how to transfer money to Italy, first familiarize yourself with the methods of money transfers in various systems. First, analyze which system is most convenient to use in each specific case, taking into account the urgency of the money transfer and the amount you will have to pay for the services of a bank or other institution. Remember that the easiest way to make a transfer is using the world famous Western Union system, which is used by millions of people on the planet. But in this case, although the direct recipient will receive the money in the shortest possible time, he will have to pay a considerable commission of 5%.
Step 2
To transfer money to Italy, it is better to use the MoneyGram system, which provides detailed instructions on how to make money transfers on its own official website. Keep in mind that it is most profitable to send money in euros, since when converting dollars into European currency, its conversion rate is not loyal at all and is 1.56, although in almost all financial institutions in Europe the cross-rate fluctuates at 1.44.
Step 3
Consider the "Leader" transfer, although not all Italian banks can receive the transferred funds, and the list of Italian financial institutions operating under this system can be obtained directly from any Russian bank through which you are trying to send funds. Using the Leader system, you will have to pay 3% of the amount of the money transfer being made as a commission for using this service.
Step 4
Secondly, when making a money transfer to Italy, consider the time frame for which the recipient will be able to receive funds. Please note that if Western Union and Leader systems offer customers instant transfers, and in Italy money can be received within ten minutes after being sent directly, other banks will carry out money transfers for at least three days.
Step 5
Thirdly, consider the restrictions on sending foreign currency from Russia, as well as on receiving transferred funds in Italy. For example, at the moment, a Russian citizen within a day can transfer abroad only an amount not exceeding $ 5,000, and according to Italian laws, one person can get his hands on no more than € 2,500 in 24 hours. And if in domestic banks you are warned about the maximum amount of the transfer, then you may not be informed about Italian laws.
