Wiring money service is now available in many countries in the world. Nowadays, sending and receiving money can be done in just a few steps. There are many money transfer companies that offer secure, swift and inexpensive terms.
People who want to avail of Italy Money Transfer service have several options. Those who want instant cash delivery can choose the fastest mode which takes only about ten minutes. Of course, this mode will entail a higher service fee. Other options are the bank draft and the door-to-door services. Money sent using the bank draft mode takes about three banking business days while the door-to-door service would depend on the location of the recipient.
Most companies of this type tie up with a bank to service the needs of their clients. The choice of the servicing bank solely depends on the company. Banks with high integrity and with more branches in different locations are more likely to be preferred.
One popular Italy Money Transfer service is the "pick-up." This means that money sent is picked up personally by the recipient in the agent location which may be a servicing bank. "Pick-up" transactions can be verified in as quickly as a few minutes. The recipient can expect to pick-up the money within 24 hours. The recipient has to present the tracking number, and a valid identification and funds will be instantly paid out.
Direct deposit service is made convenient and secure by the company's partnership with banks. The sender can deposit funds directly to the recipient's account. You will just be prompted to enter some information about his accounts such as the account number and the bank name. Most often this transaction is completed the next business day. However, depending on location, some may require up to 7 business days.
From the foregoing, it is apparent that money can be sent and received to and from many parts of the world. When once it used to take weeks, now it requires only minutes or a few days to receive the money sent. The problem of speed has been greatly reduced by modern technology.
Currency for Italy? The Euro (EUR) is now the official currency of Italy. Italy's prior currency, the Lira, has now been phased out as legal tender and is no longer accepted.
Euro Currency Denominations - Note Currency 5.00 Euro's - 10.00 Euro's - 20.00 Euro's - 50.00 Euro's - 100.00 Euro's - 200 Euro's and 500 Euro's
Change Currency - 1 Euro Cent - 2 Euro Cents -1.00 Euro Coin - 2.00 Euro Coin - 5 Euro Cents - 10 Euro Cents - 20 Euro Cents and 50 Euro Cents
Currency restrictions - There are no restrictions on the import and export of either local or foreign currency.
Tipping - Many restaurants will charge a service fee as part of the bill. If you're keen to tip it is customary to leave a 10-15% tip in a sit-down restaurant, taxi-drivers will get 5-10% depending on the city, and water taxi in Venice is so expensive so it is up to you.
Bank Opening Hours - Monday to Friday from 8.30 am to 1.30 pm and from 3.00 pm to 4.30 pm. Some banks are also open on Saturday morning until 1.30 pm.
In Italy, you can exchange your currency at most Banks as well as many exchange bureaus that you will find in popular areas, such as Venice, Florence, Rome, Naples, Milan. In most banks when you are exchanging currency, you will need your passport. If you do not have this with you, then the bank may refuse to exchange your currency.