Want to transfer money to Italy? Are you considering a wire to transfer money to Italy? Before you go your bank to organise it, make sure you check the wire transfer fees. You may get a shock how much the fees and charges will be and depending on the amount of the transfer, it might make more sense to send the money using another method.
What can make it even worse is in addition to your financial institution adding a fee for sending the money to a bank in Italy, the person getting the transfer of money may also be charged a fee from the bank where they have their account. A way to minimise the possibilty of the fee is to send the international wire transfer in the currency of their account.
To process a wire transfer to Italy, you may require a SWIFT code. These are different codes for each financial institution and are based on references including the country and individual bank.
SWIFT Country Code
Central Bank Name