Greece was among the first wave of countries to adopt the EUR, officially rolling out the euro coins and banknotes as the new national currency in January 2002.
Despite being famously one of most enticing tourist destinations in the world – tourism accounts for over 20 per cent of Greek GDP – Greece has had its fair share of economical struggles over the last few decades. The effects of the financial crisis of 2008 were felt on a global scale, but when the cost of bank loans increased suddenly, the country was ill-prepared to cope after years of overspending. It quickly became clear Greece would be one of the worst affected by the crisis. In a bid to help the nation recover, the International Monetary Fund (IMF) and the European Commission paired up and bailouts began in 2010; but this came with tough financial reforms.
By now – June 2021 – Greece’s economy has now stabilised but many residents believe the country was harmed by the bailouts and are aware that it will take many decades to repay the debt: in 2019 the National debt in relation to gross domestic product was at 184.9%.
When considering how to send money Greece from France there are some key aspects of the transfer to consider.
The cheapest provider we found is Wise at 1.32% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using CurrenciesDirect when transferring EUR to EUR.
This means that by using CurrenciesDirect for online money transfers to Greece from France, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access CurrenciesDirect for any reason, our comparison engine has found XE and Wise also to be very good options when sending EUR – EUR.
This recommendation was updated one minute ago.
In order to avoid high fees, you should consider the cheapest way to send from France to Greece.
Wise has been determined by our comparison engine to be currently offering you the cheapest rates possible.
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When sending money from France to Greece, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, Profee is the fastest way to send EUR – EUR.
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
To avoid high fees you can opt to use an online money transfer provider such as Wise to pay for your transfer to Greece.
With CurrenciesDirect you can send money online to Greece using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Bank and wire transfers are the most common ways of sending money Greece as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use CurrenciesDirect to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Greece. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Greece.
When sending money to Greece from France using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as CurrenciesDirect, XE and Wise.
Before sending money to Greece from France, you should consider the following:
This one’s easy. Simply use our comparison table above to find the best provider to send EUR to EUR.
After that it’s just a process of making your transfer via the following steps:
Your recipient has a few methods available to receive your money in Greece. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in Greece, then they will usually need the following:
The amount of EUR you can receive from France will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of EUR that can be received in Greece or sent from France before making your transfer.
April is a trained journalist and the Content Editor for MoneyTransfers.com. She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she’s not writing about global remittances she can be found daydreaming about her next holiday abroad.