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Includes Fee

Banks and other providers make sending money to Italy an expensive affair by adding a mark-up and other hidden charges to their exchange rate. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fees and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
The same rates that you see on Google and Reuters with absolutely no margins
Fast & Easy Transfers
Sign up, verify your account and get transacting. The recipient typically gets the money in 1-2 business days.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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Transfer money to Italy at Zero-Margin Rates

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Send Money to Italy

Gone are the days when workers who wanted to send money to their families in Italy had limited means to doing so. The only options they had then were expensive and time-consuming modes such as banks or post offices. Today, there are multiple options available to remit money to Italy. Are you still stuck with banks for transferring money to Italy? Not anymore! Now you can send money to your family, friends, and businesses in Italy much more conveniently and cost-effectively with InstaReM.

InstaReM is a smart new way to transfer money to Italy at fair and transparent rates -  something that traditional money transfer providers like banks and MTOs lack. So how do we do it? At InstaReM, we convert your currency using mid-market rates directly from Reuters. We add no sneaky markups or margins. With us, you don’t lose on FX spreads at all.

InstaReM charges a very small percentage of the transfer amount as a fee. You will be pleasantly surprised to find out our fee! We maintain complete transparency and hide absolutely nothing from our clients. For every transaction, you get a detailed break-up of all the charges on the receipt. That’s not all. We keep you posted about favorable rates, offers, and bonuses via emails. Besides, you can keep a track of your transactions through our website or our mobile app. Whether you are making small transfers every month or transferring a big amount to Italy once a year, InstaReM is beneficial to everyone as we work with Zero-Margin rates and charge only a nominal fee. Create a free InstaReM account today and start saving on your money transfers to Italy. Check our rates right now. Sign Up , fill in your personal details, upload a few documents for verification and you are ready to send money to Italy right away!

Frequently Asked Questions
  • Is it safe to send money to Italy through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud and money laundering.
  • How much does it cost to send money to Italy through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you’d see on Reuters or Google. For payments from AUD or HKD to EUR, the fee is 0.5%. For payments from SGD to EUR, the fee is 0.25%. For transfers from MYR to EUR, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to Italy through InstaReM? Typically, InstaReM makes same or next business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    * Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website.
  • Which banks in Italy are covered by InstaReM? InstaReM covers all banks in Italy, including Banca Nazionale Del lavoro - BNP Paribas, Banca Popolare Di Bergamo, Gruppo Bancario Banco Di Napoli, Mediobanca, and Mediocredito, among many others.
  • What details are required to send money to Italy? 
    1. Name: When sending to individuals in Italy, you need to fill in the beneficiary’s firstname and last name
    2. Address: Beneficiary’s full residential address in Italy.
    3. Account no.: Beneficiary’s local account number in Italy.
    4. Beneficiary’s bank code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Italy.
  • What is a SWIFT-BIC code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for Italy here
  • Can I send money to the bank account of a business based In Italy through InstaReM? Yes. You can use InstaReM for business transfers to Italy.
  • What are the minimum and maximum limit for sending money to Italy through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for trsnactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available in Italy for payout? We make payouts in Italy in EUR and USD only.
  • For what purposes can I send money to Italy through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in Italy from four countries. User will require to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance remain
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in Italy
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    *InstaReM does not support payments for FDI (Foreign Direct Investment) purposes. As per the guidelines by the Italy Bank (Central Bank of Italy), payments for investment purposes are allowed only through banking channels.
  • Does InstaReM support transfers to an email address of a recipient based in Italy? No. InstaReM does not support transfers to an email address.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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          InstaReM USA Corporation is sponsored by Community Federal Savings Bank in the United States, to which InstaReM is a service provider, except in certain states in which InstaReM USA Corporation is a licensed money transmitter, NMLS ID 1528562 and NJ Lic No L069603.

          • InstaReM PTE Limited is the holding company of InstaReM subsidiaries globally.

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