Go Back  British Expats > Living & Moving Abroad > Europe > Italy
Reload this Page >

Transfer of money from UK to Italy for non-resident

Transfer of money from UK to Italy for non-resident

Old May 15th 2009, 1:07 pm
  #1  
Forum Regular
Thread Starter
 
durobird's Avatar
 
Joined: Apr 2008
Location: Candida near Avellino.
Posts: 199
durobird has much to be proud ofdurobird has much to be proud ofdurobird has much to be proud ofdurobird has much to be proud ofdurobird has much to be proud ofdurobird has much to be proud ofdurobird has much to be proud ofdurobird has much to be proud ofdurobird has much to be proud ofdurobird has much to be proud ofdurobird has much to be proud of
Default Transfer of money from UK to Italy for non-resident

Hi All. PLEASE help me.
I am looking to buy a property here in Italy with my Italian partner.
I DONT have an Italian bank account.
I need to transfer approx 100,000 Euros over here as my share of the property.
How do I do that without an Italian bank account,and whilst still a non-resident?
My fellas bank adviser told him it cannot go directly into his bank account.Any ideas would be great.
durobird is offline  
Old May 15th 2009, 1:23 pm
  #2  
The Original Red Head!
 
TestaRossa's Avatar
 
Joined: May 2007
Location: Firenze, Italia
Posts: 4,981
TestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond reputeTestaRossa has a reputation beyond repute
Default Re: Transfer of money from UK to Italy for non-resident

Do you not have an estate agent or a notaio? They will both normally have a client account you can use. Otherwise I would suggest something like a draft.

Btw, I understand why it would be a bad idea to put it straight into his account - he would probably have it held up while it was investigated for money laundering and fraud etc. They have recently strengthened the laws on relatively small amounts being put into accounts. Bills amounting to more than €2k at the post office now have to be accompanied by your Codice fiscale before they can accept the payment, it is also to do with the anti-terrorism laws in all of Europe.

Last edited by TestaRossa; May 15th 2009 at 1:26 pm.
TestaRossa is offline  
Old May 15th 2009, 1:29 pm
  #3  
MODERATOR
 
Lorna at Vicenza's Avatar
 
Joined: Apr 2008
Location: Province of Vicenza
Posts: 19,029
Lorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond reputeLorna at Vicenza has a reputation beyond repute
Default Re: Transfer of money from UK to Italy for non-resident

Originally Posted by durobird
Hi All. PLEASE help me.
I am looking to buy a property here in Italy with my Italian partner.
I DONT have an Italian bank account.
I need to transfer approx 100,000 Euros over here as my share of the property.
How do I do that without an Italian bank account,and whilst still a non-resident?
My fellas bank adviser told him it cannot go directly into his bank account.Any ideas would be great.
I have an Italian bank account and am willing to take on 100.000 euro and even more until you need it

What about a Post Office account?
Any reason why you can't open an Italian bank account?
Lorna at Vicenza is offline  
Old May 16th 2009, 8:43 am
  #4  
BE Enthusiast
 
Mr Posh's Avatar
 
Joined: Oct 2008
Location: Cesena
Posts: 552
Mr Posh is just really niceMr Posh is just really niceMr Posh is just really niceMr Posh is just really niceMr Posh is just really niceMr Posh is just really niceMr Posh is just really niceMr Posh is just really niceMr Posh is just really niceMr Posh is just really nice
Default Re: Transfer of money from UK to Italy for non-resident

Could you not come over, get yourself a codice fiscale and open an account and then transfer the money?

I will do it for 10% you can put it into my account: I will go to my bank tell them what is happening and see if they will allow it.

PS. you may not see me again on this forum after the transaction..But hay oh 100,000 euros better off
you my see me on the spanish forum as Sig. Poshio
Mr Posh is offline  
Old May 22nd 2009, 2:01 pm
  #5  
Not Dun Roaming Just Yet
 
Kenny and Moe's Avatar
 
Joined: Apr 2008
Location: Riyadh Saudi Arabia
Posts: 295
Kenny and Moe has a brilliant futureKenny and Moe has a brilliant futureKenny and Moe has a brilliant futureKenny and Moe has a brilliant futureKenny and Moe has a brilliant futureKenny and Moe has a brilliant future
Default Re: Transfer of money from UK to Italy for non-resident

Hi Durobird,
things going okay on the house hunting mission??? You should be able to get a codice fiscale and open an account as a non-resident. Banco di Napoli certainly do it. As for moving money, up to 50K you are fairly safe with regards to the bank charging for the transfer, over 50K it will be investigated by the Italian govt and maybe the UK govt also (all to do with money laundering etc) and there will certainly be a charge. I did mine through a money exchanger in UK (contact number available if you PM me), he converted it to euro and deposited into my Italian account, and it didn't cost me a cent in bank charges
Hope this helps
Kenny
Kenny and Moe is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.