Cheap and Reliable Way to Send Money to Italy

djesr on 21/05/2020 - 17:31

Can you please recommend a way to send money from OZ to Italy,
It will be a one time payment.
I've got a commbank account and their surcharge and exchange rate is pretty bad

Looking for recommendations from people who have send money recently.

Financial

Comments

  • Jimmycfc on 21/05/2020 - 17:42
    +1

    Have a look at Transferwise - i have used it before to send money to Japan and was very happy with the rate & process overall.

    • djesr on 22/05/2020 - 09:23

      Thanks will have a look

  • DingoBilly on 21/05/2020 - 17:42
    +1

    I used Transferwise recently to another country but found it really simple with decent rates and deposited it straight into a bank accojnt. Can send via credit card or payID or most ways. There's a few similar companies, might be worth checking them out just to compare rates.

  • cohiba on 21/05/2020 - 17:53

    I posted a prepaid debit card to a relative in Greece which was loaded with a few thousand beforehand; they received the pin during a later phone call. They had no problems withdrawing from ATMs there, and I'm able to top-up the card if needed later.

    • djesr on 22/05/2020 - 09:25

      this option would have bad exchange rates?

  • toniyellow on 21/05/2020 - 17:57
    +3

    https://www.ozbargain.com.au/deals/transferwise.com
    https://www.ozbargain.com.au/deals/ofx.com
    https://www.ozbargain.com.au/deals/currencyfair.com

    I have used all of them at different times successfully, they are normally pretty close to each other but I go with whatever has the best rate on the day, or if there is any promo going

    • djesr on 22/05/2020 - 09:25

      thanks will have a look

  • Blue Cat on 21/05/2020 - 19:01

    I can also recommend TransferWise - great rates, honest fees and pain-free way to transfer money.
    You transfer your money from an Australian bank to their Australian bank details, convert the money and then you can send to any Italian (or any bank in Europe) bank and call it a day.

  • screensaver on 21/05/2020 - 20:46

    I saw a company offering refer a friend get $35, and also free first 3 transfers. When searching google I found this, but there is another company also doing this, just cant think of its name right now https://www.riamoneytransfer.com/au/en/refer-a-friend

  • screensaver on 21/05/2020 - 20:53

    This may be the other company, 3 first free transfers and they also have refer a friend where you both get money https://www.worldremit.com/en/promotions/three-free?ds_kid=4…

  • burgermaniac on 21/05/2020 - 21:24

    OP, just out of curiosity, what was their surcharge, and the poor interest rate offered?

    • djesr on 22/05/2020 - 09:27

      $12 surcharge, and exchange rate is 0.56xx compared to 0.59xx from the websites mentioned above

      • burgermaniac on 23/05/2020 - 17:55

        Damn, that's quite steep. Thanks for that

  • FareEvader on 21/05/2020 - 22:10
    -1

    Paypal

    • djesr on 22/05/2020 - 09:28

      similar to commbank I think, in terms of surcharge and exchange rates

  • Hellcrusher3304 on 21/05/2020 - 22:23
    -1

    Pigeons

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