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Send money to Greece
Understand what your options are when transferring funds to Greece.
Guides
Exchange Rates
The best way to send money to Greece largely depends on how much you’re sending and your payment method. Fast delivery makes WorldRemit and InstaReM good picks for speed, while XE and TransferWise offer high transfer limits and competitive rates. Look to WorldRemit and MoneyGram for cash transfers, as Western Union is almost always more expensive. Compare digital providers to save on fees with access to strong exchange rates and fast turnaround.
Send money to Greece with XE
Offering no maximum and no minimum limit transfers with $0 fees.
- Send money to 130+ countries
- Competitive exchange rates that are often better than banks'
- XE doesn’t charge any transaction fees, commissions or ongoing fees
Compare money transfer services to Greece
Enter the amount you want to send and click Calculate to see how much your transfer to Greece could cost. Once you decide which money transfer provider is best for you, click Go to site to start your transfer and send money to Greece.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
What's in this guide?
What’s the best way to send money to Greece?
Online money transfer providers will typically be your cheapest and fastest way to send money to Greece. Some providers will let you send money straight to bank accounts in Greece, while others will help you deliver cash for pickup.
- Digital money transfer services – Companies like XE, InstaReM, TransferWise and CurrencyTransfer are fantastic ways to send money to Greece thanks to competitive fees and strong exchange rates.
- Cash transfers – Cash transfer specialists like WorldRemit, MoneyGram and Remitly typically offer better rates and lower fees than Western Union, but all of these companies can handle your transfer to Greece.
- Bank transfers – Banks will almost always be more expensive than money transfer specialists, so keep this in mind when getting a quote from your bank. You’ll certainly want to compare the quote your bank gives you to money transfer companies to make sure you’re getting the best deal.
- Slowest and most expensive
- Fastest and best value
- Better than a bank transfer
Let’s crunch the numbers: Sending $1,000 to Greece
To put this into perspective, let’s see how much a transfer could cost with each of these options. This table uses real fees and exchange rates for sending money to Greece on September 28, 2020.
| Bank transfer | Cash transfer | Money transfer service | |
|---|---|---|---|
| Fee | $30 + additional correspondent bank fees | $3.99 | $0 |
| Exchange rate | 1 USD = 48.199 DOP | 1 USD = 52.944 DOP | 1 USD = 52.143 DOP |
| Transfer speed | 2-4 days | Minutes | 1-2 days |
| Amount received | DOP 46,753 | DOP 52,733 | DOP 52,143 |
| Overall |
The bank option ends up being both slow and getting the least amount of money to your recipient. If you go with the specialist cash transfer service, your recipient ends up with DOP 5,980 more than the bank offers. However, these rates may vary from your own experience, so be sure to use the comparison table to find the freshest money transfer rates.
How to send money to Greece
Sending money to Greece can be done in a few steps:
- Create an account. Sign up for an account with a money transfer provider using your name, address, proof of ID and a payment method.
- Enter your recipient’s information. You’ll need to provide your recipient’s name for cash pickups, and bank account information if depositing into an account.
- Choose an amount. Enter the amount you want to send and select your payment method.
- Send. Confirm that your transaction is sent and then provide your recipient with a confirmation number so they can track the money transfer.
How to get the most out of your money transfer to Greece
Finding the best way to send money to Greece requires comparing multiple factors:
- Exchange rates. The USD-EUR relationship fluctuates often, so picking a service that lets you lock in exchange rates can help you save money down the line.
- Transfer fees. Companies often charge more when you pay by credit card, so consider paying by bank account to save money.
- Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of euros you’re sending to Greece.
- Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds to delivered to Greece quickly, seek out a digital specialist that offers instant transfers.
- Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so pick money transfer providers based on your maximum sending needs.
- Transfer methods. Whether you want money sent to a bank account in Greece or to be picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.
Emergency cash transfers to Greece
When urgency trumps cost to get your money to Greece quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.
How to send money to Greece without a bank account
Cash transfer services can help you if you’re unbanked or marginally banked. If you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.
Greece’s exchange rates explained
The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Greece’s exchange rate is based on the euro, which is flexible compared to the US dollar. Because both are relatively stable global currencies, the USD-EUR relationship typically doesn’t move more than a few cents a week.
Today’s exchange rate USD to EUR
What to watch out for
Sending money to relatives or family members in Greece may be subject to taxes on the money transfer, but it depends on a few things. In general, any large transfers being sent from the US to Greece or the EU should be filed with the IRS to avoid any penalties.
Learn more about using the European euro in Greece
Bottom line
Sending your hard-earned money to Greece shouldn’t cost a fortune in fees, so taking a few minutes to compare your options is an good strategy to save money. There are many companies available that can help you turn your dollars into euros, so don’t settle for anything but the best.
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