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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
At Regency FX, we help you get the most from your currency when transferring money from Italy to the UK.
Bank transfers between Italy and the UK are now more cost-effective. We can help you choose the best time to exchange money, unlike banks or online-only systems that give you whatever rate is available on the day.
All transfers are conducted through safeguarded client accounts, keeping your funds safe until you are ready to complete your transfer.
A safeguarded account means your funds are kept separate from the company’s own money.
This blocks third-party access and ensures your money is secure until it reaches your UK bank account.
There are four simple steps:
You must verify your identity before sending money internationally.
This is legally required due to anti-money laundering regulations and only applies to new customers.
Once set up, repeat transfers are faster. For British expats, verification is usually straightforward, especially if you still have a UK address.
Once registered, your bank or transfer company will quote a current EUR/GBP rate.
Rates move throughout the day, so you can decide when to proceed.
When you agree, the rate is locked in and you’ll receive an email confirming the transaction.
Banks usually require funds upfront before agreeing to a rate.
Money transfer specialists often allow you to lock in a rate first, which is useful if you spot a favorable rate.
You’ll receive instructions to send your Euros to a safeguarded client account.
Once your funds are received, they are converted to Pounds Sterling at the agreed rate.
The money is then sent to your chosen UK bank account.
You can choose either a bank or a money transfer specialist.
Transfers usually take 1–3 working days.
Factors affecting timing:
Late-day transfers count as the next working day, so plan accordingly.
Check if a specialist is FCA-regulated. FCA regulation requires funds to be held in segregated client accounts, separate from company funds.
You can verify a company’s FCA registration online.
There are two main costs:
Banks usually charge €15–€30 per transfer, with extra fees for priority or faster transfers.
Money transfer specialists often have lower fees.
Banks may charge 3.5–4.1% on EUR/GBP transfers.
Example: A €100,000 transfer could cost €3,500–€4,100 in hidden FX costs.
Money transfer specialists typically have lower margins, saving you thousands.
Even a 1% difference can save or cost €1,000 on a €100,000 transfer.
No - rates shown on Google, XE or Oanda are interbank rates, not the consumer rate.
Only banks or large institutions can access these rates.
For an accurate quote, always check with a money transfer specialist or your bank.
We are a UK-based independent currency broker, specializing in high-volume transfers.
Even if you are only exploring options, we can help you budget and plan transfers effectively.
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