Send Money from Canada to Banca Monte dei Paschi

Banca Monte dei Paschi, Italy

The Banca Monte dei Paschi di Siena SpA, popularly called BMPS, is considered the oldest bank in Europe. BMP has been around since the early 1600s, and the bank is still among the most prominent banks in Italy and the world. Due to its long history, BMPS has undergone many systematic changes. As of now, it is operating as a limited liability company. As one of the major banks in Europe, it has over 1,400 local and international branches!

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How to transfer money to Banca Monte dei Paschi the easiest way

To send money from Canada to your bank account in Italy the easiest way possible, use RemitBee! Take the following steps:

Create a RemitBee account first to open your RemitBee Wallet.
Give us your name, address, and occupation. Also, provide your email and phone number.
Choose Italy as your recipient's country. Provide the amount you wish to send, then select to bank account as the method of receiving.
Also, give your beneficiary's full name, mobile number, and bank account details.
Before clicking Confirm, review the information. Now, RemitBee will handle the rest of the process!

Pros of using RemitBee as the remittance platform

Little to no cost (transfers above $500 is free)
It's quick and instant!
You can send money through your smartphone and laptop.
Access the funds you've transferred through the receiving bank account.

What you need to prepare to send money from Canada to Italy

To have a hassle-free transaction, provide the following information:

Beneficiary's full legal name
Swift Number
International Bank Account Number (IBAN)

RemitBee has the best CAD-EUR rate!

We offer the best exchange rate in RemitBee because we value the money you send to your family. We also just charge a 0.3-0.5% margin to your transaction cost. And if you transfer over $500, your transaction will be free of any additional fees. Before sending your money, we also provide a summary of the costs due for you.

Transfer money to all major Italy banks in Remitbee:

Check our refer and earn program!

Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.

Frequently Asked Questions

Can I use RemitBee to send money from Canada to my Banca Monte dei Paschi account in Italy?

Yes, you can! Transferring money from Canada to our partner banks in Italy takes almost an instant.

How to pay for my transfer transaction in RemitBee?

You can use the following platforms to pay for your RemitBee transfer: e-Transfer, Electronic Funds Transfer, Bill Payment, Visa or Mastercard Debit, or Interac Online.

How can I receive the funds transferred to me using RemitBee?

RemitBee transfers your money directly to your bank account.

Can I transfer money from Canada to my Italian bank account for free?

You may find it unbelievable, but with RemitBee, sending money from Canada to other countries is free if your transaction amounts to over $500. Transfers below that amount will charge you $2.99, which you can pay through the following:

Interac Online - $2.99
E-transfer - $2.99
Bill Payment - $2.99
Electronic Funds Transfer - $2.99
Visa or Mastercard Debit - starting at $2.99

What's the maximum amount can I transfer through RemitBee

The highest amount of CAD to EUR transfer is determined by your verification level in RemitBee. Here's a summary of the verification levels:

Level 1 verification: Send only 50 CAD a day and 500 CAD a month.

Level 2 verification: Send up to 3,000 CAD a day and 25,000 CAD a month.

Level 3 verification: Send up to 9,000 CAD a day and 50,000 CAD a month.

We're yet to announce a Level 4 verification so that you can send higher amounts of money. Take note that the verification is a one-time process. You do not need to undergo more additional procedures once you get verified.

Download Remitbee Mobile App

Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.