Send money to Italy from Ireland
Italy and Ireland share a currency, so euro sent from a Grey balance reaches an Italian IBAN as euro. Payments go through SEPA to Intesa Sanpaolo, UniCredit, Banco BPM and Cassa Depositi e Prestiti, typically arriving within minutes from a funded balance, with the fee visible before you confirm.
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Who pays Italy from Ireland
A good share of it is property. Irish buyers have spent twenty years acquiring houses in Abruzzo, Le Marche, Puglia and rural Tuscany, and those houses generate a steady stream of euro payments: the condominio charges, IMU and TARI to the comune, a geometra, a builder, the electricity account, and somebody local who keeps an eye on the place over winter.
The rest is people. Italians working in Dublin's technology and hospitality sectors sending money to parents in Naples or Bari, Irish students on Erasmus in Bologna or Padua whose rent has to reach an Italian landlord, and families with an Italian grandparent whose pension and bills sit in an account in Italy.
None of it involves a currency conversion at the Italian end. Euro leaves an Irish balance and euro lands in the Italian account, which is the plain and slightly boring truth about this corridor.
How to pay an Italian account from Ireland
Register
Opening a Grey account is free and takes roughly five minutes, with a valid identity document such as a passport or Italian carta d'identità.
Put euro on it
Move euro into your Grey balance by SEPA transfer from your Irish bank, whether that is AIB, Bank of Ireland, Permanent TSB or a Credit Union account.
Send to the IT IBAN
Enter the Italian IBAN and the name on the account, check the fee, and confirm. The euro moves by SEPA to Intesa Sanpaolo, UniCredit or wherever the account sits.
The cost of paying Italy
Most cost comparisons in this business are really arguments about exchange margins. On this corridor there is no margin, so the comparison is short: look at the fee and at whether the payment arrives on time.
The one exception is money that begins as sterling or as dollars held in a USD balance provided by Lead Bank. That converts into euro once, in Ireland, at a rate displayed before you confirm, and the euro then travels to Italy untouched.
Where a rate comes into it
Sending euro to Italy involves no conversion, so no rate is applied and none is shown. You see a fee and an amount.
A rate appears only when you fund from another currency. It is fixed at confirmation, applied once on the Irish side, and after that the payment is an ordinary euro SEPA credit, which is what an Italian geometra or landlord expects to see on their statement.
Grey compared with an Irish bank paying Italy
Straightforwardly: an Irish bank can send euro to an Italian IBAN by SEPA and that is a perfectly good way to pay one bill. Grey earns its keep when you are paying several Italian parties across a year, when the money starts in another currency, or when Italy is one of a few places you send to and you would rather have one record than four. Revolut is widely held in Ireland, so compare on the fee and on how much of your sending it actually covers.
What lands in the Italian account
A euro credit on an Italian IBAN, looking exactly like a domestic Italian bonifico. The recipient needs no Grey account and takes no action.
Italian banks supported
Intesa Sanpaolo, UniCredit, Banco BPM and Cassa Depositi e Prestiti all receive. Enter the IT IBAN and the euro typically arrives within minutes.
No second step
Italy uses the euro, so nothing is converted on arrival and the credited amount is the amount you sent.
GreyTag
An Italian colleague or relative who also uses Grey can be paid by GreyTag instead, free and instant, without an IBAN.
Keeping euro ready for Italian bills
Italian property paperwork tends to arrive with a deadline already running, so a funded balance is more useful here than a fast bank.
Before the deadlines
IMU and TARI fall due on dates set by the comune. Euro sitting on the balance means you pay on the day the notice reaches you.
Through a renovation
Italian builders are paid in stages. Keeping the balance topped up during the work removes a bank transfer from every stage.
Save each recipient
The condominio administrator, the geometra and the electricity account are separate IBANs. Store them once and they stay right.
Each payment is encrypted and trackable from confirmation to settlement, so when an administrator in Pescara says nothing has arrived, you can check rather than argue.
What Ireland to Italy payments cover
Property charges and taxes
Condominio fees, IMU and TARI to the comune, insurance and utilities on a house in Le Marche or Puglia, paid from Ireland all year round.
Builders and professionals
A geometra, a notary, a builder restoring a stone house in Abruzzo. Quoted in euro, paid in stages, each stage to an Italian IBAN.
Family in Italy
Italians working in Dublin sending money to parents in Naples, Bari or Palermo, or helping with a sibling's costs at home.
Students and rent
Rent and fees for a son or daughter on Erasmus in Bologna, Padua or Milan, paid monthly to an Italian landlord or the university's account.
Property accounts for most of it, with family and study filling in the rest.
What Grey adds on this corridor
FAQs
Is anything converted when euro arrives in an Italian account?
No. Italy uses the euro, so the figure you send from Ireland is the figure credited to the Italian IBAN.
Which Italian banks does Grey send to?
Intesa Sanpaolo, UniCredit, Banco BPM and Cassa Depositi e Prestiti all receive euro through SEPA from an Irish balance.
Can I pay IMU or condominio charges on an Italian house from Ireland?
Yes, where the comune or the administrator gives an Italian IBAN. The exact euro amount requested is what arrives.
How fast does a transfer from Ireland to Italy arrive?
From a funded euro balance the SEPA credit typically reaches the Italian account within minutes of you confirming it.
Can I pay rent for a student on Erasmus in Bologna?
Yes. Send monthly to the landlord's Italian IBAN, with the fee visible beforehand and the full euro amount credited.
Does an Italian landlord or builder need a Grey account?
No. They receive an ordinary euro credit that looks like a domestic Italian bonifico on their statement.
What does it cost to send euro from Ireland to Italy?
Only the fee shown before confirmation. There is no exchange rate on this corridor because both countries share the currency.
Can I pay an Italian builder in stages?
Yes. Keep euro on your Grey balance through the work and send each stage payment to the same saved Italian IBAN.
How do I put euro on the balance in Ireland?
Send a SEPA transfer in euro from AIB, Bank of Ireland, Permanent TSB or a Credit Union account.
What if I am paid in sterling but need to pay Italy?
Sterling converts into euro once in Ireland, at a rate fixed when you confirm, and the euro reaches Italy untouched.
Can I follow a payment until it reaches the Italian account?
Yes. Every transfer is encrypted and trackable from your confirmation to the credit appearing at Intesa Sanpaolo or wherever the account sits.
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