How to send money to the Faroe Islands from Italy with the best EUR-DKK rate

Regency FX is the cheapest right now for transfers from Italy. Using a bank transfer deposit into a bank deposit will get you 52,183.76 DKK in the Faroe Islands.

For speed, Revolut is fastest, with delivery in within minutes.

Best companies for EUR/DKK transfers

4 of 4 providers

Last updated on 10 November 2026

Based on 7,000 EUR transfer

Best companies for EUR/DKK transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee €31.35 1 EUR = 7.4750 DKK 0.00% vs mid-market Recipient gets kr 52,090.66 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Faroe Islands with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€31.351 EUR = 7.4750 DKK
kr 52,090.66You pay€7,000.00
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 7.3869 DKK +1.19% vs mid-market Recipient gets kr 51,708.30 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Faroe Islands with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 7.3869 DKK
kr 51,708.30You pay€7,000.00

Run a live search

Showing top Italy to Faroe Islands deals for 7,000 EUR. Do a live search with your exact amount for today's best rates.
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 7.4548 DKK +0.27% vs mid-market Recipient gets kr 52,183.76 Minutes - 24 hours
Cheapest
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Faroe Islands with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 7.4548 DKK
kr 52,183.76You pay€7,000.00

Wise

Pay via Bank transfer
Fee €31.35 1 EUR = 7.4750 DKK 0.00% vs mid-market Recipient gets kr 52,090.66 Within minutes
Our top pick
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Faroe Islands with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€31.351 EUR = 7.4750 DKK
kr 52,090.66You pay€7,000.00

Wise

Pay via iDEAL
Fee €41.50 1 EUR = 7.4750 DKK 0.00% vs mid-market Recipient gets kr 52,014.79 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Faroe Islands with Wise when paying by ideal.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€41.501 EUR = 7.4750 DKK
kr 52,014.79You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €60.80 1 EUR = 7.4577 DKK +0.23% vs mid-market Recipient gets kr 51,750.42 Within minutes
Fastest
Multi-currency cardReceive to bank account

Ways to receive money in Faroe Islands with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€60.801 EUR = 7.4577 DKK
kr 51,750.42You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Xe

Pay via Debit card
Fee €0.00 1 EUR = 7.3869 DKK +1.19% vs mid-market Recipient gets kr 51,708.30 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Faroe Islands with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 7.3869 DKK
kr 51,708.30You pay€7,000.00

Xe

Pay via Bank transfer
Fee €0.00 1 EUR = 7.3869 DKK +1.19% vs mid-market Recipient gets kr 51,708.30 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Faroe Islands with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 7.3869 DKK
kr 51,708.30You pay€7,000.00

Xe

Pay via Credit card
Fee €0.00 1 EUR = 7.3869 DKK +1.19% vs mid-market Recipient gets kr 51,708.30 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Faroe Islands with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 7.3869 DKK
kr 51,708.30You pay€7,000.00

Wise

Pay via Debit card
Fee €86.43 1 EUR = 7.4750 DKK 0.00% vs mid-market Recipient gets kr 51,678.94 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Faroe Islands with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€86.431 EUR = 7.4750 DKK
kr 51,678.94You pay€7,000.00

Wise

Pay via Credit card
Fee €128.51 1 EUR = 7.4750 DKK 0.00% vs mid-market Recipient gets kr 51,364.39 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Faroe Islands with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€128.511 EUR = 7.4750 DKK
kr 51,364.39You pay€7,000.00
How Our Results Work
Mid-market rate: 1 EUR = 7.4750 DKK Updates every 60 minutes.

How to send money from Italy to Faroe Islands

Pick a company

For a one-off EUR transfer to the Faroe Islands, I suggest picking the cheapest option which is Regency FX.

Regency FX was the cheapest on 29 of the 29 days it quoted €7,000 transfers to the Faroe Islands.

On a 7,000 EUR transfer, Regency FX delivers the most DKK.

The best option will change depending on how much you actually send, so I suggest to get the best EUR/DKK rate.

Fund your transfer

You have 4 ways to fund your transfer, including bank transfer, debit card, credit card, and iDEAL, as well as a Postepay card.

Sending money to the Faroe Islands from your Italian bank is usually expensive when currency conversion is involved, but many money transfer services offer SEPA deposits which are quicker and cheaper.

Verify and send

First time round you'll need your codice fiscale and a photo ID to verify your account.

Compare amounts

How much EUR are you sending to Faroe Islands?

How much EUR you send to the Faroe Islands heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 100% of the transfers from €5,000 it quoted, and in 100% of all the transfers it quoted.

Cheapest service
€5000.00%€3.53kr 3,711.11with bank transfer to bank deposit+kr 22.37
€1,0000.23%€0.80kr 7,451.73with bank transfer to bank deposit+kr 55.15
€2,0000.00%€9.95kr 14,875.62with bank transfer to bank deposit+kr 85.01
€5,0000.00%€22.80kr 37,204.57with bank transfer to bank deposit+kr 232.41
€7,000This page0.27%€0.00kr 52,183.76with bank transfer to bank deposit+kr 382.89

Mid-market rate: 1 EUR = 7.4750 DKK

EUR/DKK Exchange Rate History

Is today a good time to send money from Italy to Faroe Islands?

The cheapest way to send EUR to DKK can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 7,000 EUR transfers to the Faroe Islands.

DKK received for €7,000, after fees

Tue, 10 Nov 2026Mid-market ratekr 52,325.04 Regency FX kr 52,183.76Regency FXkr 52,183.76Wisekr 52,090.66Revolutkr 51,750.42

51.000
51.500
52.000
52.500
53.000
At the mid-market rateWith the cheapest optionRegency FXWiseRevolut
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4747 – kr 52,322.86
Regency FX Cheapest 7.4545 €0.00 kr 52,181.59 −kr 141.27
Wise 7.4745 €31.35 kr 52,087.52 −kr 235.34
Revolut 7.4647 €70.50 kr 51,726.39 −kr 596.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4753 – kr 52,327.03
Regency FX Cheapest 7.4551 €0.00 kr 52,185.75 −kr 141.28
Wise 7.4751 €31.35 kr 52,091.01 −kr 236.02
Revolut 7.4654 €70.50 kr 51,731.40 −kr 595.63
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4755 – kr 52,328.39
Wise Cheapest 7.4752 €31.35 kr 52,091.70 −kr 236.69
Regency FX No quote collected this day – – – –
Revolut No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4753 – kr 52,327.30
Regency FX Cheapest 7.4551 €0.00 kr 52,186.02 −kr 141.28
Wise 7.4749 €31.35 kr 52,090.31 −kr 236.99
Revolut 7.4576 €60.80 kr 51,750.04 −kr 577.26
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4752 – kr 52,326.18
Regency FX Cheapest 7.4550 €0.00 kr 52,184.90 −kr 141.28
Wise 7.4748 €31.35 kr 52,088.92 −kr 237.26
Revolut 7.4576 €60.80 kr 51,749.77 −kr 576.41
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4741 – kr 52,318.48
Regency FX Cheapest 7.4539 €0.00 kr 52,177.22 −kr 141.26
Wise 7.4753 €31.35 kr 52,092.75 −kr 225.73
Revolut 7.4438 €130.80 kr 51,133.08 −kr 1,185.40
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4741 – kr 52,318.48
Regency FX Cheapest 7.4539 €0.00 kr 52,177.22 −kr 141.26
Wise 7.4753 €31.35 kr 52,092.75 −kr 225.73
Revolut 7.4438 €130.80 kr 51,133.08 −kr 1,185.40
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4751 – kr 52,325.39
Regency FX Cheapest 7.4549 €0.00 kr 52,184.11 −kr 141.28
Wise 7.4748 €31.35 kr 52,088.92 −kr 236.47
Revolut 7.4576 €60.80 kr 51,749.77 −kr 575.62
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4746 – kr 52,321.99
Regency FX Cheapest 7.4544 €0.00 kr 52,180.72 −kr 141.27
Wise 7.4743 €31.35 kr 52,085.78 −kr 236.21
Revolut No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4739 – kr 52,317.41
Regency FX Cheapest 7.4537 €0.00 kr 52,176.15 −kr 141.26
Wise 7.4744 €31.35 kr 52,086.13 −kr 231.28
Revolut 7.4570 €60.80 kr 51,745.61 −kr 571.80
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4753 – kr 52,327.16
Regency FX Cheapest 7.4551 €0.00 kr 52,185.87 −kr 141.29
Wise 7.4751 €31.35 kr 52,091.01 −kr 236.15
Revolut 7.4579 €60.80 kr 51,751.70 −kr 575.46
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4749 – kr 52,324.47
Regency FX Cheapest 7.4547 €0.00 kr 52,183.19 −kr 141.28
Wise 7.4749 €31.35 kr 52,090.31 −kr 234.16
Revolut 7.4578 €60.80 kr 51,751.08 −kr 573.39
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4738 – kr 52,316.68
Regency FX Cheapest 7.4536 €0.00 kr 52,175.42 −kr 141.26
Wise 7.4744 €31.35 kr 52,086.13 −kr 230.55
Revolut 7.4420 €130.80 kr 51,120.78 −kr 1,195.90
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4738 – kr 52,316.68
Regency FX Cheapest 7.4536 €0.00 kr 52,175.42 −kr 141.26
Wise 7.4744 €31.35 kr 52,086.13 −kr 230.55
Revolut 7.4420 €130.80 kr 51,120.78 −kr 1,195.90
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4750 – kr 52,325.19
Regency FX Cheapest 7.4548 €0.00 kr 52,183.91 −kr 141.28
Wise 7.4744 €31.35 kr 52,086.13 −kr 239.06
Revolut 7.4547 €60.80 kr 51,729.79 −kr 595.40
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4746 – kr 52,322.05
Regency FX Cheapest 7.4544 €0.00 kr 52,180.78 −kr 141.27
Wise 7.4745 €31.35 kr 52,087.17 −kr 234.88
Revolut 7.4573 €60.80 kr 51,748.00 −kr 574.05
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4746 – kr 52,321.98
Regency FX Cheapest 7.4544 €0.00 kr 52,180.71 −kr 141.27
Wise 7.4745 €31.35 kr 52,086.83 −kr 235.15
Revolut 7.4573 €60.80 kr 51,747.69 −kr 574.29
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4736 – kr 52,315.48
Regency FX Cheapest 7.4535 €0.00 kr 52,174.23 −kr 141.25
Wise 7.4736 €31.35 kr 52,080.90 −kr 234.58
Revolut 7.4564 €60.80 kr 51,741.67 −kr 573.81
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4734 – kr 52,313.77
Regency FX Cheapest 7.4532 €0.00 kr 52,172.52 −kr 141.25
Wise 7.4733 €31.35 kr 52,079.16 −kr 234.61
Revolut 7.4562 €60.80 kr 51,739.80 −kr 573.97
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.5049 – kr 52,534.31
Regency FX Cheapest 7.4846 €0.00 kr 52,392.46 −kr 141.85
Wise 7.4738 €31.35 kr 52,082.64 −kr 451.67
Revolut 7.4422 €130.80 kr 51,122.24 −kr 1,412.07
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.5049 – kr 52,534.31
Regency FX Cheapest 7.4846 €0.00 kr 52,392.46 −kr 141.85
Wise 7.4738 €31.35 kr 52,082.64 −kr 451.67
Revolut 7.4407 €130.80 kr 51,111.99 −kr 1,422.32
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4739 – kr 52,317.14
Regency FX Cheapest 7.4537 €0.00 kr 52,175.88 −kr 141.26
Wise 7.4741 €31.35 kr 52,084.04 −kr 233.10
Revolut 7.4569 €60.80 kr 51,744.64 −kr 572.50
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4738 – kr 52,316.73
Regency FX Cheapest 7.4536 €0.00 kr 52,175.48 −kr 141.25
Wise 7.4737 €31.35 kr 52,081.25 −kr 235.48
Revolut 7.4563 €60.80 kr 51,741.04 −kr 575.69
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4738 – kr 52,316.94
Regency FX Cheapest 7.4537 €0.00 kr 52,175.69 −kr 141.25
Wise 7.4738 €31.35 kr 52,082.64 −kr 234.30
Revolut 7.4567 €60.80 kr 51,743.57 −kr 573.37
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4749 – kr 52,324.59
Regency FX Cheapest 7.4548 €0.00 kr 52,183.32 −kr 141.27
Wise 7.4746 €31.35 kr 52,087.87 −kr 236.72
Revolut 7.4574 €60.80 kr 51,748.55 −kr 576.04
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4743 – kr 52,319.83
Regency FX Cheapest 7.4541 €0.00 kr 52,178.57 −kr 141.26
Wise 7.4741 €31.35 kr 52,084.04 −kr 235.79
Revolut 7.4568 €60.80 kr 51,744.02 −kr 575.81
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4805 – kr 52,363.20
Regency FX Cheapest 7.4603 €0.00 kr 52,221.82 −kr 141.38
Wise 7.4752 €31.35 kr 52,091.70 −kr 271.50
Revolut 7.4434 €130.80 kr 51,130.45 −kr 1,232.75
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4805 – kr 52,363.20
Regency FX Cheapest 7.4603 €0.00 kr 52,221.82 −kr 141.38
Wise 7.4752 €31.35 kr 52,091.70 −kr 271.50
Revolut 7.4434 €130.80 kr 51,130.45 −kr 1,232.75
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4751 – kr 52,325.53
Regency FX Cheapest 7.4549 €0.00 kr 52,184.25 −kr 141.28
Wise 7.4753 €31.35 kr 52,093.10 −kr 232.43
Revolut 7.4580 €60.80 kr 51,752.53 −kr 573.00
Exchange rateFeeRecipient getsDifference
Mid-market rate 7.4750 – kr 52,325.04
Regency FX Cheapest 7.4548 €0.00 kr 52,183.76 −kr 141.28
Wise 7.4750 €31.35 kr 52,090.66 −kr 234.38
Revolut 7.4577 €60.80 kr 51,750.42 −kr 574.62

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more DKK per EUR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of DKK on every transfer from Italy.

Right now, Regency FX pays 52,183.76 DKK on 7,000 EUR, which is 141.28 DKK less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 52,392.46 DKK.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to the Faroe Islands.

We've tracked 146 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.

  1. Regency FXAppeared in 29 comparisons

    Cheapest every time

  2. WiseAppeared in 142 comparisons

    Cheapest in 54% of them

  3. RevolutAppeared in 130 comparisons

    Cheapest in 31% of them

Based on 146 comparisons across 5 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Wise (today's second cheapest) was the cheapest in 54% of its comparisons, so if you send money to the Faroe Islands regularly, it's worth comparing it with Regency FX before each transfer.

Ways to send money from Italy to Faroe Islands

4 companies send money from Italy to the Faroe Islands. You can send EUR via app, currency broker, online, multi-currency account, and global business account, and more below.

Regular transfers

Money transfer apps

For the regular transfer home, an app like Wise is the easiest and most convenient option.

Over the past month, Wise was the cheapest app on 100% of the days it appeared for €7,000 transfers.

Wise charges €31.35 on a €7,000 transfer, and 52,090.66 DKK lands in within 3 hours.

For one-off transfers

Online transfers

For transfers outside the euro, a bank transfer often passes through intermediary banks, and each one can take a cut along the way.

Online services skip this and use their own network (it’s much cheaper).

Wise delivers 52,090.66 DKK on €7,000 with a €31.35 fee and 0% markup.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

Sending large sums

Currency brokers

Managed services charge no fees and work on margin instead, and the more you send to the Faroe Islands, the better rate you will get.

Regency FX charges no fee and adds 0.27% on EUR/DKK rate.

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from €5,000 it quoted.

Travelling and receiving

Multi-currency accounts

If you travel to the Faroe Islands often, or receive payments from there, this is the best option.

Multi-currency accounts let you hold EUR and DKK in one account, and for some currencies you also get local account details.

I suggest trying Wise.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

It holds EUR and DKK balances and charges small fees to convert between them.

For business payments

Global accounts

Global accounts are for businesses and freelancers with a partita IVA, paying suppliers abroad, invoicing foreign clients, holding a few currencies.

A few good options are Wise Business, Airwallex, and Payoneer.

Ways to fund EUR and receive DKK in Faroe Islands

With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending €7,000 gives your recipient 52,183.76 DKK.

In Italy, you can pay by bank transfer, debit card, credit card, and iDEAL.

Satispay and Bancomat Pay are mainly domestic payment methods, they do not send DKK to the Faroe Islands by themselves.

In the Faroe Islands, the recipient can use bank deposit.

  1. 1
    Bank transfer Bank deposit

    You pay €7,000.00

    kr52,184

    Cheapest

  2. 2
    iDEAL Bank deposit

    You pay €7,000.00

    kr52,015

    -kr169

  3. 3
    Debit card Bank deposit

    You pay €7,000.00

    kr51,708

    -kr475

  4. 4
    Credit card Bank deposit

    You pay €7,000.00

    kr51,708

    -kr475

Consider this when sending money from Italy to Faroe Islands

For a transfer from Italy, compare the amount received first. Then check whether you are making a SEPA payment, an extra-SEPA transfer or a cash-agent remittance, because each works differently.

Compare money transfer options

These are the leading options for a €7,000 transfer to the Faroe Islands.

Cheapest way to send money to the Faroe Islands

The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 52,183.76 DKK, which is 0.18% more than the next best option.

Fastest way to send money to the Faroe Islands

The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 51,750.42 DKK, with the money arriving in within minutes.

SEPA only covers the first leg

A bonifico can move euros from your Italian bank to the transfer company through SEPA.

Companies like Regency FX then convert the money into DKK and pay your recipient in the Faroe Islands through a local bank, a wallet, or a cash-pickup network.

SEPA may fund the transfer quickly, but the delivery time depends on the local payout method.

Check the agent when paying in person

In Italy, the term "money transfer" often means a cash-agent shop rather than an online bank transfer.

The Banca d'Italia confirms that money remittance must be provided by a bank, electronic money institution or authorised payment institution.

Their Italian agents must appear in the OAM register.

Prepare for anti-money-laundering checks

Italian banks and transfer companies can pause a large, unusual or poorly explained payment while they check its purpose and source.

Use a clear causale and keep the document that explains the money ready.

For property proceeds, tuition or moving savings, tell the bank before the transfer is due.

If a payment-service complaint is not resolved directly, the Arbitro Bancario Finanziario is the Italian financial ombudsman route.

How we analyse the market

Every company here is regulated by Banca d’Italia or by its home country’s financial regulator.

We track 4 of them on EUR to the Faroe Islands, comparing rates, fees and the ways to pay in and collect, updated in real time on live comparisons.

In the past 30 days alone, we analysed 146 comparisons across 5 amounts.

This page covers the cheapest and fastest options for EUR/DKK transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Nothing appears without passing our review.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.