How to send money to Italy from Australia

By   |   Verified by David Boyd   |   Updated 21st August 2022

Transfer Money from Australia to Italy [AUD to EUR]
  • Sending money to Italy? International bank transfers are the first things that come to mind when you have to move money overseas but are they the best choice?
  • Are there any money transfer apps you can use to send money to Italy from Australia? What is the best one?
  • Regardless of the transfer method, there are laws and taxes you should be aware of before transferring the funds.

Whether you're offering financial support to family members living abroad or paying overseas freelancers or employees, moving funds between Australia and Italy is easy. The hardest part is finding the best deal.

This guide can help you find the right money transfer service to send funds quickly and without breaking the bank.

Best ways to send money to Italy

Need to transfer money to Italy from Australia?

Best ways to send money to Italy

Xe Money Transfer

On Xe's website

Xe Money Transfer


  • Send money to 220+ countries and territories.
  • Xe rates are consistently some of the best in the business and trusted by millions.
  • With millions of transfers under its belt last year, Xe knows how to ensure your money and information are treated accordingly.


  • No transfer fee.
  • No minimum transfer amount is required.
  • No transfer limit.
  • Good customer support.


  • Limited currencies.
  • Bank transfers only.

On Send's website



  • Make and receive fee-free, real-time payments in 37 different currencies.
  • Feel like a VIP with your own dedicated account manager.
  • Moving house? Get the best rates on your property sale or purchase and you could save thousands compared to using a bank. 


  • No transfer transaction fee and no account-keeping fees.
  • Competitive foreign exchange margin compared to banks.
  • Wide range of currencies and destination countries.
  • Suitable for businesses as well as individuals.


  • Bank account is the only delivery method.
  • Minimum transfer amount of $250.
  • Limited funding methods.

On torfx's website


  • Provide clients with excellent foreign exchange rates.
  • Manage your international currency payments for free, with no hidden fees.
  • A personal Account Manager is on hand to ensure a fast, seamless transfer.


  • No transfer fee.
  • Competitive exchange rates.
  • Wide range of currencies and destination countries.
  • Phone and email support are available.


  • Minimum transfer amount is $200.
  • Only accepts bank transfers.
  • Transactions under $2,000 can be expensive.

On Wise's website


  • Wise Borderless multi-currency receiving accounts. This gives you access to a digital currency wallet that you can hold and transact in over 50 currencies.
  • Borderless Debit Card. The FX optimised debit card is attached to your Wise Borderless account that can be used to withdraw or pay for purchases in foreign currency within or outside Australia.
  • Android and Apple Apps. Indulge convenience by transacting thru the Wise App anytime and anywhere!
  • Fund options. Loads of options to fund your Wise account including transfer from Debit and credit cards, or thru a local bank transfer. Quick and easy!


  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.


  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.

On Revolut's website



  • Make fast and free transfers to Revolut users in more than 27 countries.
  • Wire internationally at excellent exchange rates.
  • There are no hidden fees. You know exactly what you’re sending and receiving.


  • The standard account has no monthly fees.
  • Top-up and hold account balances in various currencies.
  • Lots of different additional features are available, such as crypto trading and disposable virtual cards.
  • Has a well-designed mobile app.


  • Monthly fees apply to certain types of accounts.
  • You may experience delays when sending money internationally.

Still not sure which to use? Compare more money transfer services here.

Common reasons people transfer money overseas to Italy

With more than 174,000 Italians living in Australia and a relatively large Australian expat community in Italy, the most common reason people transfer money to Italy is to send funds to family, or to provide financial support to family members living abroad.

Buying property and investing in real estate are other common reasons, but people have other motives as well, including:

  • Running an ecommerce business
  • Paying for education overseas
  • Getting married overseas
  • Paying suppliers or contractors
  • Emigrating to Italy
  • Making charitable donations

Business vs personal considerations

Businesses and individuals can send any amount of money to Italy from Australia. Both countries monitor international transactions in and out of the country, and larger amounts may trigger controls in either country.

Entrepreneurs moving funds for an investment won't be taxed on the transferred amount. On the contrary, they could be eligible for a tax credit of up to 40%.

Individuals living in Italy as residents may have to pay tax on the amount received, depending on who sent it and the purpose.

In fact, like several other EU countries, Italy regulates large remittances and taxes monetary gifts or donations.

Spouse, parent, or childAny amount over €1 million4%
SiblingAny amount over €100,0006%
Other relativeAny amount6%
Non-relativeAny amount8%

The Italian law has generous allowances for money received from immediate family, but if you want to send money to a cousin or friend, they will have to declare and pay tax on any amount received.

How much money can you send to Italy from Australia?

Legally, you can send any amount of money, but your bank or money transfer service could impose limits.

Most Australian banks limit international transfers to $5000 on personal accounts. Some even have lower default limits that don't exceed $2000 per transaction. Most banks will allow you to transfer larger amounts if needed, but you will have to visit the branch and pay higher fees.

Some money transfer services also have limits, but these limits are much higher. For instance, Wise has a limit of €165,000 per transaction.

Business bank accounts have higher limits, but most banks will allow you to manage them. Even so, using a money transfer service could still be faster and cheaper.

How much does it cost to send money to Italy through a bank?

Banks generally charge high international transfer fees, but some banks have fees as low as $6 per transaction, as long as you're sending money from your internet banking account. Sending money through your branch costs about $30, on average.

Alternative ways to send money to Italy

Some money transfer services could be more expensive than your bank if you send large amounts, but cheaper and faster for smaller transactions.

Wise, for instance, is an excellent choice if you're sending $1000 or less, but it could be more expensive than your bank for higher sums.

Many money transfer apps charge no fees but apply a margin to the currency exchange rate to make a profit. Even so, they are still cheaper and faster than a bank.

What to compare to get the best deal

Getting the best deal when making international money transfers seems daunting, but it all comes down to five essential factors:

  • Minimum and maximum limits
  • Fees
  • FX margin
  • Payment methods
  • Transfer speed