The Indian diaspora in Italy comprises the second-largest Indian population in Continental Europe. Around 200 thousand Indians are residing in the country nowadays, with the strongest communities formed in Bergamo, Brescia, Latina, Mantua, and Rome. If you are planning to move to Italy, there are many things to consider beforehand. First and foremost, you should learn about Italian culture and life in Italy as an Indian. Get useful tips and insight about relocating and finding a job as an Indian in Italy in our recent guide.
Regardless of the city you choose and the career you may pursue in the new country, there is one thing that all expats have in common, and that is finding ways to stay connected to family back home. This is where the question of how to send money from Italy to India comes into play. A remittance is probably one of the most effective and meaningful ways to stay in touch with loved ones and support those you care about back in India. Whether it is a small gift, a gesture of care, or helping out your family with bills, a transfer is the most versatile and universal tool for conveying your feelings towards others no matter the distance.
Are you thinking about moving to Europe as an Indian? Check out our blog articles about opening a bank account, getting a job, and many more!
In today’s ultimate guide on how to transfer money from Italy to India, let’s delve into the intricacies of international remittances. We will explore various options for sending money overseas, give tips on things to consider while transferring funds and list the most popular money transfer options. Stay tuned to find out the best way to send money from Italy to India in terms of speed, safety, and cost-effectiveness.
What do you need transfers for?
While there could be an endless list of reasons why we need to send transfers, there are top three we find the most common:
Moving money to a savings account. We all know that having a separate savings account is your way to financial freedom and independence. A safety net is essential for avoiding debt, having funds to cover emergency spending, and earning interest.
Helping out your parents and other family members back home. Remittances to India play a pivotal role in supporting families and overall contributing to the Indian economy. Many depend on incoming transfers from family members living abroad to sustain their lifestyle. Besides, it is in the Indian cultural code to help parents and family members as much as possible — that is the essence of the tight-knit Indian society. That’s why many send money from Italy to India.
Making gifts to friends. Even if you live away from your pals, there are ways to make them feel appreciated on their special days, whether it’s their birthday, graduation, or other major life events. A money transfer from Italy to India can serve as a perfect solution to sustain emotional closeness despite the physical distance.
Pay attention to these 3 things when you send money from Italy to India
When thinking about how to send money from Italy to India, there are three key points you should pay close attention to. While there are various ways to transfer funds which we will talk about later in the article, all of them have different terms and conditions. Currency exchange rates, security, and convenience should be your top three concerns when making a remittance, especially an overseas one. Let’s find out why:
Exchange rates. We are all used to banks and money transfer companies charging commissions as a way to earn. However, not everyone is aware that they make a profit off the currency exchange rates they offer to their clients, too. Traditional banks are especially known for their often unfavourable rates. This is why it is of immense importance to check currency exchange rates before you send funds.
Security. You need to make sure your data and money online are 100% safeguarded when you send money to India from Italy. It is the only way to avoid scams, fraud, and any other potential threat. Be careful who you trust with your funds and personal information, and make sure to transfer with a licensed company.
Convenience. Accessibility, speed, and user-friendliness are essential when sending a remittance. In the fast-paced world we live in, we simply can’t afford to spend our precious time figuring out steps to complete a transaction. Technology has progressed enough to make your money transfers super easy to make with an intuitive interface design. Don’t waste hours of your life on something that was not well-designed as it is a big red flag meaning a company doesn’t care about its customers.
Popular ways to transfer money from Italy to India
Bank transfers
When figuring out how to transfer money from Italy to India, a bank transfer is probably the first option that comes to mind. But is it the best one? Let’s find out together by considering the pros and cons of this popular method.
| Pros | Cons |
|---|---|
| Security | Hidden fees that turn out to be pretty high |
| Wide acceptance | Unfavourable exchange rates |
| Reliability | Longer processing times |
| Larger transfer limits | Limited working hours |
| Regulated and compliant | Often excessive bureaucratic procedures and paperwork |
Cash transfer services
If you thought sending a money transfer from Italy to India via this method is somewhat old-fashioned, you would be surprised to find out many still opt for it.
| Pros | Cons |
|---|---|
| Speed | Higher costs |
| Easy to find | Exchange rates |
| Accessibility - you don’t need a bank account | Stricter transfer limits |
| Security |
Crypto transfers
It goes without saying that when you send money from Italy to India via crypto, the biggest and most obvious con is safety concerns. On top of that, it requires some level of technical proficiency to even enter cryptosystems, which not all of us can do. However, many still choose to risk it and go for crypto transfers, and here’s why:
- Speed;
- Lower fees;
- Borderless transfers.
So, what’s the best way to send money to India from Italy?
All of the methods listed above have both advantages and disadvantages. But what if we told you there is one more, far better option when answering the question of how to transfer money from Italy to India? Let us introduce you to Profee money transfers — your perfect way of supporting loved ones back home!
Send money to India from Italy with Profee
Profee’s special offers can help you transfer money from Italy to India quickly and commission-free. All you need to do is become a Profee client by completing a simple registration that will take less than ten minutes — no unnecessary paperwork.
You can make a money transfer from Italy to India with a favourable exchange rate that is up to eight times better than what a traditional bank would offer you. Thanks to our in-house monitoring system, you can always remit at the best exchange rates.
Secure and transparent
Profee is an EMI-licensed European company complying with EU regulations. No more wondering how to send money from Italy to India safely. You can rest assured that your data and funds are protected at all times by our cutting-edge safety tools.
We are committed to providing absolute transparency to our clients. No hidden fees and extra charges — know the costs upfront. Find out at what rate, how much you’re sending, and the amount your recipient will get before you press the send button.
User-friendly, fast, and convenient
Transfer money from Italy to India via the Profee app or website. Both have a user-friendly interface that allows for an intuitive and seamless remittance experience. Profee transfers get processed fast and get delivered without delays. Besides, if there are questions you have left, you can always contact our customer support via the app, email, or a phone call. We are always there for you whenever you need us.
Learn how to transfer money from Italy to India step-by-step:
- Choose where, what currency, and how much you’re sending;
- Sign up for a Profee account;
- Enter transfer details and pick a payment method;
- That’s it! The money is on its way.
We can all agree that Profee stands out as the best way to transfer funds overseas. Make sure to give Profee a try to experience a swift, secure, and hassle-free way to send money from Italy to India. Surprise your family and friends with a few taps any time of the day — we are available 24/7 via the easy-to-navigate Profee app or website.
