How much does it cost to send money to Italy with Peanut?

Nothing. Deposits, sending, and withdrawals are all free. The exchange rate is the market rate. Compare to Wise (0.4-1.5%), PayPal (3-4%), or Western Union ($5-$15+).

How long does it take?

Peanut-to-Peanut transfers are instant. SEPA withdrawals to Italian banks take under 20 minutes for 90% of transfers.

Does the recipient need a Peanut account?

Not necessarily. Send a Peanut Link — the recipient clicks it and can claim to a new account or withdraw directly to their Italian bank.

What exchange rate does Peanut use?

EUR-to-EUR: no conversion. Non-EUR senders: market rate for digital dollars to EUR. Rate locks at the moment of conversion.

Do I need an Italian ID?

No. Verify with any passport or national ID card from any country. No Carta d'identità required.

Send Money to Italy — Free, Fast, No Fees

Send money to anyone in Italy. Recipient withdraws euros to any Italian bank via SEPA in under 20 minutes. No fees on either end.

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Send Money to Italy — No Fees, Real Market Rate

Sending money to Italy with Peanut costs nothing. The recipient withdraws euros directly to any Italian bank account via SEPA — free, with 90% of withdrawals arriving in under 20 minutes. No hidden charges, no exchange rate markups.

Italy is part of the SEPA zone, giving Peanut users full deposit and withdrawal access. Italy also has deep historical ties to Argentina — an estimated 20-25 million Argentines have Italian ancestry. For Italians sending money to family in Latin America, or anyone sending money to Italy, Peanut is the fastest and cheapest path.

Why Peanut Is the Best Way to Send Money to Italy

No Fees

Every step is free. Depositing, sending, and the recipient withdrawing to their Italian bank via SEPA — all free. Compare to alternatives:

Wise: 0.4-1.5% in additional charges
PayPal: 3-4% cross-border fee plus exchange rate markup
Western Union: $5-$15+ flat fee plus rate markup

Better Exchange Rate

For non-EUR senders, Peanut converts digital dollars to euros at the market rate. For EUR-to-EUR transfers within SEPA, there is no conversion — the recipient gets exactly what you send.

Fast

SEPA withdrawals to Italian banks: 90% arrive in under 20 minutes. Peanut-to-Peanut transfers are always instant.

How It Works

1
Sign up and verify
Create a Peanut account and verify with your passport or national ID card. Takes under 2 minutes.
2
Deposit funds
European users deposit via SEPA (free, under 20 minutes). US users deposit via ACH (free, 1-3 business days). Anyone can send digital dollars on supported networks — free, arrives in minutes.
3
Send to the recipient
Send to the recipient's Peanut account instantly, or share a Peanut Link they can claim.
4
Recipient withdraws to Italian bank
The recipient withdraws euros via SEPA to any Italian bank. 90% arrive in under 20 minutes. Free.

Where the Money Goes

SEPA Bank Withdrawal

The recipient withdraws euros to any Italian bank — Intesa Sanpaolo, UniCredit, Banco BPM, or any other institution. Free, with 90% arriving in under 20 minutes.

Digital Dollar Withdrawal

The recipient can withdraw USDC, USDT, or DAI to any external wallet on supported networks.

Peanut Balance

The recipient can hold digital dollars and spend later — in Italy via bank withdrawal, or abroad via Mercado Pago in Argentina or Pix in Brazil.

How Much Does It Cost?

Peanut charges no fees.

Service	Transfer Fee	Speed
Peanut	Free	SEPA: under 20 min
Wise	0.4-1.5%	1-2 business days
PayPal	3-4%	1-3 business days
Western Union	$5-$15+	Hours to days

For full details, visit the pricing page.

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Sending from Specific Countries

Send Money from the United States to Italy

US senders deposit via ACH (free, 1-3 business days) or digital dollars from an exchange (free, minutes). The recipient withdraws euros to their Italian bank via SEPA.

Send Money from Argentina to Italy

Argentina has one of the world's largest Italian diaspora communities. Senders in Argentina deposit digital dollars from a local exchange — free and arriving in minutes. The recipient in Italy withdraws euros via SEPA.