send-money-to-greece

Send money to Greece

Understand what your options are when transferring funds to Greece.

The credit crisis in Greece has largely stabilised and the majority of large banks and global transfer providers have now reinstated their services into the country.

We contacted several banks and transfer providers to confirm that no restrictions are currently in place for money transfers into Greece at this point in time.

You can check the list below for the names of the lenders and providers offering money transfer services to Greece.

International Money Transfer Offer

TorFX International Money Transfers

  • No extra fees
  • Fix your exchange rate for up to 2 years
  • Price-match guarantee
  • Personal account manager

International Money Transfer Offer

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

  • Minimum transfer amount: $200
  • Online transfer fee: $0
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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 200 1 day AUD 0.00 0.629 EUR
6,294
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.629 EUR
6,294
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.629 EUR
6,294
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
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AUD 1 1 day AUD 0.00 0.629 EUR
6,288
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees. Go to site Show details
AUD 3,000 1 day AUD 0.00 0.629 EUR
6,293
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
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AUD 5 1 - 2 days AUD 3.00 0.627 EUR
6,273
Exclusive: 5 free transfers after your first transfer
Send at least $5 in over 15 different currencies.
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AUD 1 Within an hour AUD 3.99 0.629 EUR
6,286
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.640 EUR
6,368
Exclusive: Finder customers receive $15 off their first transaction. T&Cs apply.
Quick and simple international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction.
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AUD 1 1 - 2 days AUD 45.00 0.632 EUR
6,291
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details

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The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

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What’s the current state of the Greek economy?

In February 2017, the Greek finance ministry announced that the yield on the country's bonds was near that of its pre-2010 levels, before its economic crisis began.

The International Monetary Fund (IMF) predicts Greece's gross national product (GDP) will rise 2.8% in 2017, and an additional 1.2% yearly through 2020.

In June 2017, the Euro zone gave Greece a US$9.5 billion credit to help with debt relief. On 13 July 2017, Greece sent the IMF a letter detailing its plans to meet debt commitments by June 2018.

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Business as usual for transfers from Australia to Greece

While two major transfer providers, Western Union and MoneyGram, previously suspended their services into Greece, the majority of banks, financial institutions and global transfer specialists have no current restrictions on transfers from Australia to Greece.

The following lenders and global transfer providers have confirmed that they have no restrictions on transfers into Greece as normal fees and rates apply:

These providers claim that it’s "business as usual" for transferring money to Greece; however, they do warn that you should exercise caution if you need to transfer money out of the country.

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Recap

With a government debt ratio forecast to reach 150% in 2020 and 140% in 2022, the International Monetary Fund (IMF) warns that Greece will be vulnerable to economic shocks in the years to come.

The people of Greece voted "Oxi" or "No" on 5 July 2015, turning down a bailout package offered by the European Union that would have extended their current loan terms and offered solutions that would also help to pay off these loans.

The European Union subsequently provided a €7 billion bridge loan to Greece on 21 July while the Greek government voted on whether to accept a new bailout package. This loan was used to pay down some of the outstanding payments on debts Greece already has and also coincided with the reopening of Greek banks, although with tight restrictions.

While no restrictions are currently in place for transfers from Australia to Greece, the dire financial situation in Greece still remains.

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International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

WorldFirst International Money Transfers

Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

TransferWise International Money Transfers

Make online transfers at the mid-market rate with transparent fees in 45+ currencies.

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