How to Send Money to Greece from Canada?

Last Updated: 01 Jun 2024

Understanding the optimal method for purchasing Euros can ensure you get excellent value and minimize the expenses associated with currency conversions.

Greece, renowned for its rich history, breathtaking landscapes, and vibrant culture, is immensely appealing to Canadians seeking new experiences. Whether planning a visit, conducting business transactions, or providing financial support to loved ones in Greece, finding a secure way to send money from Canada is essential. In this blog, we will explore the best methods for sending money to Greece, ensuring that you consider cost-effectiveness, efficiency, and convenience to maximize the value of your transfers.

How to transfer money from Canada to Greece?

The two most common approaches for sending money from Canada to Greece include an online money transfer service or relying on a traditional bank. Below, you'll find a step-by-step procedure for executing a money transfer from Canada to Greece;

Choose your method: An online money transfer service is often the preferred choice for a speedy and hassle-free money transfer. However, using your bank or a pre-paid card may be the better option if you prefer a more traditional method and don't require immediate access to your funds.

Gather the necessary information: Depending on your chosen method, you will need certain information to complete the transaction. For example, you will need the recipient’s bank details and contact information using an online money transfer service or bank.

Initiate and track the transfer: Once you've provided all necessary information, initiate the transfer and await its completion. For added peace of mind, you can track the progress of your transfer.

What is the best way to send money to Greece?

When transferring money to Greece from Canada, the best option for a secure, fast, and cost-effective transfer is through foreign exchange specialists like MTFX. Sending cash via high-end banks is not recommended due to their hefty fees and slow transfer process.

With MTFX, you can take advantage of a significantly more competitive exchange rate, surpassing banks by 3–5%, ensuring more excellent value for your money. MTFX offers a secure online platform available 24/7, providing convenient control over transfers. Rest assured, MTFX ensures swift fund delivery, reaching beneficiaries in Greece on the same day or within 48 hours.

What is a reasonable EUR/CAD exchange rate for sending money?

When sending money from Canada to Greece, remember that Greece's official currency is the EURO. Keeping a close eye on the exchange rate is crucial as it directly impacts your recipient's Euros. A favourable EUR/CAD exchange rate means saving money on your international transfers without incurring additional charges. With MTFX's live currency rate calculator, you can stay informed about the exchange rate and estimate the approximate amount your recipient will receive.

MTFX provides a significant advantage with competitive exchange rates often lower than those banks offer. This advantage enables you to maximize the value of your international payments to Greece.

Why do individuals and companies send money to Greece?

Here are the top reasons why individuals and companies send money to Greece:

Individuals

Individuals making purchases in Greece.
Individuals making purchases of homes or businesses.
Individuals investing in Greece.
Individuals moving to Greece.

Companies

Companies making supplier payments in Greece.
Companies purchasing goods and services in Greece.
Companies making payments in Greece.
Companies making investments in Greece.

What bank details are needed to transfer money to Greece from Canada?

When sending money to Greece from Canada, you will need:

Beneficiary's name
Beneficiary's account number
Bank's name
Bank's Swift code
Bank's address
Reason(s) for transfer

Make sure to provide all the necessary information to ensure a smooth transaction.

Can I set up a regular money transfer to Greece?

Once your business account is set up with MTFX, you can easily schedule money transfers to Greece. Our platform utilizes cutting-edge automation technology to streamline your payments, offering accessibility from anywhere at any time while ensuring secure and swift transaction processing.

How to make transfers to Greece with MTFX: A step-by-step guide

To make transfers to Greece from the comfort of your own home or office, follow these simple steps using MTFX's online international transfer platform:

Step 1 - Sign up or sign in

Creating an account only takes five minutes. If you already have an account, log in and add funds to your account through a bank transfer or bill payment.

Step 2 - Set up your transfer

You will need the beneficiary’s name, address, and account number, as well as the bank's name, address, and Swift code. Also, tell us the reason for the transfer and choose your transfer amount, fund currency, and destination country.

Step 3 - Track your transfer

You can track your international money transfer online and watch as we deliver the funds to your recipient.

Send money to Greece today

When sending money to Greece from Canada, online money transfer platforms like MTFX offer several advantages. The convenience of initiating transfers anytime from anywhere saves you time and effort. With 24/7 availability, you can send payments at your convenience. MTFX's online platform lets you easily track expenses, ensuring timely delivery. Setting up automated payments streamlines your financial obligations. Online platforms prioritize the security of your transactions and personal information. With just a few clicks, MTFX's user-friendly online platform empowers you to send money to Greece efficiently and securely.

Register with MTFX to get the best rates. Start sending money to Greece at the cheapest and most convenient exchange rates.

FAQs

1. How can I send money from Canada to Greece?

Sending money from Canada to Greece has become increasingly convenient in recent years. Traditional bank transfers often incur high fees for international transactions. Consider opting for services like MTFX, which offers competitive exchange rates and lower costs than banks.

2. How long will it take to transfer money from Canada to Greece?

It depends on the method you choose to send funds. When using a service like MTFX, it usually takes 1-2 business days for the funds to be deposited into the recipient's account.

3. How much does it cost to transfer money to Greece?

With MTFX, you can send money abroad for as little as $15 in transfer fees. Plus, transactions over $10,000 incur no additional costs, making MTFX significantly more affordable than banks, which may charge up to $50 for the same service.

4. Is it safe to send money to Greece from Canada online?

Yes, sending money to Greece from Canada online is safe, especially when using a trusted service like MTFX. MTFX employs robust security measures to ensure the safety and integrity of your transactions, providing peace of mind when transferring funds internationally.