Send money from United Kingdom to Greece

Best ways to send money to Greece from United Kingdom

• 🏅 The overall best way to send GBP to Greece: TorFx

• 💲 The cheapest way to send money to Greece from United Kingdom: Atlantic Money

• ⏲️ The fastest way to send money to Greece from United Kingdom: Passto

• 🏦 The best way to send money from United Kingdom to Greece via a bank transfer: TorFx

• 💳 The best provider for credit card transfers from United Kingdom to Greece: XE

• 💳 The best provider for debit card transfers from United Kingdom to Greece: TorFx

GBP to EUR

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 - tourismaccounts 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%.

Choosing the best service provider

When considering how to send money Greece from United Kingdom there are some key aspects of the transfer to consider.

The cheapest provider we found is Atlantic Money at 1.13% Above Mid-Market Rate.

If you’re looking for the best combination of price, speed, and reliability we recommend using TorFx when transferring GBP to EUR.

This means that by using TorFx for online money transfers to Greece from United Kingdom, 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 TorFx for any reason, our comparison engine has found XE and Wise also to be very good options when sending GBP - EUR.

This recommendation was updated one minute ago.

The cheapest way to send money from United Kingdom to Greece

In order to avoid high fees, you should consider the cheapest way to send from United Kingdom to Greece.

Atlantic Money has been determined by our comparison engine to be currently offering you the cheapest rates possible.

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The fastest way to send money from United Kingdom to Greece

When sending money from United Kingdom 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, Passto is the fastest way to send GBP - EUR.

What payment methods are available when sending money from United Kingdom to Greece?

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.

Sending money to Greece from United Kingdom using credit card

To avoid high fees you can opt to use an online money transfer provider such as XE to pay for your transfer to Greece.

Sending money to Greece from United Kingdom using a debit card

With TorFx 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.

Using a wire transfer to send money from United Kingdom to Greece

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 TorFx 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 United Kingdom 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 TorFx, XE and Wise.

Considerations for a GBP - EUR Currency Transfer

Before sending money to Greece from United Kingdom, you should consider the following:

1. The amount you want to transfer: It is likely that the more money you send to Greece the more value you will get and more EUR the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.

2. The GBP - EUR exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 1.134059 and the lowest exchange rate margin is currently offered by TorFx at 1.13% above the mid market rate.

3. Hidden fees & charges: Before sending money to Greece, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers TorFx, XE and Wise will give insight here.

How to send money from United Kingdom to Greece at the best rate?

This one’s easy. Simply use our comparison table above to find the best provider to send GBP to EUR.

After that it’s just a process of making your transfer via the following steps:

1. Click “Visit Site” inside our comparison table

2. Register for an account if required

3. Input how much you are willing to send

4. Fund your transfer

5. Receive & save an email confirming your transfer

How to receive transfers from GBP to EUR in Greece?

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:

• Deposit EUR directly into a bank account

• Enable the recipient to pick up cash a specific locations across Greece

• Deliver money directly to their door

• Send EUR to your recipient’s mobile wallet

If your recipient is going to collect or have the money delivered to them in Greece, then they will usually need the following:

• A government issued I.D document such as passport, drivers license or Greek Identity Card

• The money transfer reference number

• Senders details and the amount of money sent

How much money can be transferred from United Kingdom to Greece?

The amount of EUR you can receive from United Kingdom 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 United Kingdom before making your transfer.

About Money Transfers to Greece from United Kingdom

We’ve compared the best money transfer providers to send money from United Kingdom to Greece. The cheapest provider for GBP to EUR transfers is Atlantic Money, while the fastest is Passto.