Compare Money Transfer in Greece

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What is money transfer in Greece?

Money transfer services move funds from Greece to accounts or people abroad — and receive money from overseas. They range from bank SEPA and SWIFT transfers to specialist services and fintechs offering faster, cheaper cross-border payments. For a country with a large diaspora and many foreign residents and workers, efficient international transfers matter for family support, business and property.

How the Greek market works

Within the eurozone, SEPA transfers between euro accounts are cheap or free and settle quickly, and instant SEPA is increasingly available. For non-euro destinations, banks use SWIFT with correspondent-bank fees, while fintechs like Revolut and Wise offer near-market exchange rates and transparent charges. Cash-based operators such as Western Union and Remitly serve those sending to recipients without bank accounts. Greek banks — Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank — handle bank-to-bank transfers domestically and abroad. For frequent senders, holding a multi-currency balance and converting when rates are favourable can beat repeated single conversions.

Benefits

Low-cost eurozone transfers — SEPA payments to euro accounts are cheap or free and fast.

Better exchange rates abroad — fintechs convert near the market rate for non-euro transfers.

Cash pickup options — operators like Western Union reach recipients without a bank account.

Speed and tracking — many services deliver within minutes and let you track the transfer.

Recurring payments — set up standing transfers for regular support to family or overseas commitments.

How to choose

Compare the total cost — the transfer fee plus the exchange-rate markup, which is often the bigger hidden cost. Match the method to the destination: SEPA for euro accounts, a fintech for non-euro currencies, and cash operators for unbanked recipients. Check delivery speed, limits, and whether the recipient needs a bank account or can collect cash. For regular transfers, a multi-currency account can save on repeated conversions. Verify recipient details carefully.

Leading providers in Greece

Revolut and Wise lead on low-cost, transparent international transfers. Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank handle SEPA and SWIFT transfers with the reassurance of a banking relationship. Western Union and Remitly specialise in cash pickup and remittances to recipients abroad. The best choice depends on destination, speed and whether cash collection is needed.

What it costs

SEPA euro transfers are often free or a few cents; non-euro transfers cost a transfer fee plus an exchange-rate margin. Fintechs typically show a small transparent fee and a near-market rate, while banks' SWIFT transfers can carry higher fixed and correspondent fees. Cash operators charge more for speed and payout convenience. Comparing the amount the recipient actually receives is the true test. Instant SEPA transfers may carry a small premium over standard SEPA, and banks sometimes apply correspondent charges on SWIFT payments that reduce the amount the recipient finally receives.

Protections and regulation

Payment and e-money institutions are authorised under EU rules with the Bank of Greece as national competent authority; funds are safeguarded in segregated accounts. Bank transfers benefit from deposit protection on account balances (TEKE, up to €100,000). Strong Customer Authentication secures online transfers, and clear cost disclosure is required before you send.

Common questions

Cheapest way to send euros in the EU? A SEPA transfer between euro accounts is usually cheapest and fast. Best for non-euro currencies? Fintechs like Wise or Revolut typically offer the best total cost. Can the recipient collect cash? Yes, via operators such as Western Union or Remitly. What is the real cost? Fee plus exchange-rate markup — compare what the recipient receives. Are large transfers reported? Yes, transfers may be subject to anti-money-laundering checks and source-of-funds questions above certain thresholds.

Money Transfer in Greece — FAQ