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How to transfer money to Greece cheaply

Find out which services and banks are allowing transfers 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

  • 0% commission and no fees
  • Segregated accounts
  • Fast, free money transfers
  • Free market updates

International Money Transfer Offer

TorFX guarantee to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

  • Minimum transfer amount: $200
  • Online transfer fee: $0
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Compare options for sending money to Greece

Rates last updated June 18th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Agent
TorFX guarantee to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

FC Exchange International Money Transfers
AUD 3,000
1 day
Online, Phone, Bank Account to Bank Account
FC Exchange 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.
HiFX International Money Transfers
AUD 50
2 days
Online, Phone, Agent
Transfer amounts as low as $50. No maximum transfer amount. No transfer fees if you transfer more than AU$10,000.
OFX (Ozforex) International Money Transfers
AUD 250
1 day
Online, Phone, Agent
Transfer any amount from $250 upwards. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
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.

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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 guarantee to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

OFX (Ozforex) International Money Transfers

Transfer any amount from $250 upwards. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldFirst International Money Transfers

Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app. No transfer fees for personal or business customers.

FC Exchange International Money Transfers

FC Exchange 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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