Transferring money to Italy can cost you money if you do not plan your money transfer to Italy. Foreign currency brokers will help you get the most from foreign exchange rates when buying Italian property or transferring money to Italy.

Transferring money to Italy a case study

A couple wishing to purchase a property in

Italy for 200,000 euros would have paid the sterling equivalent of £135,107 in December 2005. Three months later they would have paid £139,034 for the same property. By securing an exchange rate in advance, they would have made a saving of almost £4,000.

Italian Currency Regulations

If you intend to bring an amount of currency exceeding Eur10,000, currency import restrictions may apply. In particular, the amount may have to be declared and validated in Italy upon arrival. It is always best to check with the Italian embassy in your home country before departure for more details.

Buying property in Italy can be made more expensive with money transfers

Customer testimonial

“I have never transferred money before. You were very helpful and made it easy for me. Thank you very much.”
Pamela West, Moneycorp customer

Currency transfers can be expensive if you dont use a specialist

Foreign currency exchange can cost you thousands

Why use a Currency broker to transfer money to Italy

Transferring money to Italy and saving money

Money Corp currency Brokers offer:

The most competitive exchange rates available, saving you money.
Fixed exchange rates for settlement in the future, protecting you from adverse currency movements and allowing you to lock in to favorable exchange rates.
Fast and seamless international money transfers
Friendly, expert staff to guide you.
No commission charges.
Peace of mind in dealing with a company that has been trading foreign currency since 1979, has an ISO 9000 quality accreditation and last year transacted over £5 billion on behalf of its clients

Frequently asked questions

Currency exchange services

Why should I use a currency broker as opposed to my bank?
Staff at your high street bank possess neither the expertise nor the market information to either offer you competitive exchange rates or monitor the currency markets on your behalf to help you get the best deal.

How does a currency dealer save me money?
Firstly, by offering better rates of exchange than the banks when you need to trade and secondly by ensuring that you trade at the most favorable time. The purpose is always to get you more currency for your currency

What is the minimum amount that I can transact?

Usually a minimum transaction of £5,000, but most currency fx dealers have facilities to handle smaller amounts. The minimum monthly amount that you can send under Regular Payment Plans is £250.

How do I set up an account with Moneycorp?
We will open a trading facility for you as soon as we receive your completed Trading Agreement. This will enable us to immediately start monitoring the markets on your behalf.

How long do money transfers take?
This depends on where in the world you are sending funds. Usually, transfers to Western Europe and the US are same day. Further east takes two days.

Buying property in Italy?

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