There are many ways to transfer money from Canada to Greece, but always choosing the best, easiest and cheapest way to transfer money from Canada to Greece is one of the issues that concerns many. In this article, we are going to introduce you to ways to send and transfer money from Canada to Greece for convenience and lower cost so that you can use these methods to transfer your money from Canada through wire transfer or money transfer services. Transfer to Greece, stay with us until the end of this article
transfer money from Canada to Greece
EU citizens are allowed to open a bank account in any country and import (or export) unlimited funds in any currency. If you intend to withdraw money from Greece, you must prove to your bank that the transaction is in authorized groups (ie the transaction is legal). For example, if you make a budget as a result of selling your home, you should show your bank a copy of the final purchase agreement.
Import and export of cash
Import and export of more than 10,000 euros (in any currency) must be declared at customs. Residents who issue more than 10,000 euros in cash must present a Greek tax certificate stating that they have paid taxes in Greece. Non-residents must provide proof, such as a “pink card” (see below) that the amount has been announced upon arrival.
Import funds to buy property
When you bring in funds to buy a property in Greece, you must transfer the money to a bank in Greece that issues the relevant “Certificate of Exchange”, known as the “Pink Card”. You must provide this certificate with your first tax return, otherwise you may be liable for income tax on the funds received.
International Bank Transfers When transferring money to Greece, buy at the best exchange rate and lowest cost in the market. When you transfer a lot of money, banks are often willing to negotiate fees and exchange rates.
send and transfer money From Canada to Greece
For example, if you buy a house in Greece for 150,000 euros and pay it in pounds sterling, it will be equal to 103,500 pounds at the exchange rate of 1 = = 1.45 € (January 2005). However, if the £ / € exchange rate falls to € 1.35, it will cost you 1 111,000 – an increase of 7 7,500! (In May 2003 the exchange rate was 1 pound = 1.29 euros!)
When transferring money from Canada to Greece, you should be aware of other options and buy for the best deal. Bank to bank transfer can be done by regular transfer or electronic SWIFT transfer. A normal transfer is supposed to take three to seven days, but it usually takes much longer (especially when sent by mail), while an electronic SWIFT transfer should take less than two hours (although usually at least a day). it takes time) . Transferring funds between branches of the same bank or affiliated banks is usually faster and cheaper than non-affiliated banks.
If you are planning to send a large amount of money abroad for a business transaction such as buying a property from Canada to Greece , you need to make sure that you receive the exchange rate rather than the tourism rate. Shop in the market and compare your bank rate with at least one foreign exchange broker who specializes in sending money abroad (especially large amounts). Leading companies include Foreign Exchange (Tel. UK 0800-328 5884, www.currencies.co.uk), Halewood (Tel. UK 01753-859159, www.hifx.co.uk) and Moneycorp pointed out. 7808 0500, www.moneycorp.com).
what needed for send money to Greece
When transferring money to a bank in Greece, be sure to enter your name, account number, branch number and bank code. If “lost” while transferring money, finding it may take weeks. Always check fees and rates in advance and agree with your bank (you may be able to negotiate lower fees or better exchange rates). It is usually best to convert the currency into euros before moving to Greece, in which case you will not receive any fees in Greece, although some banks deduct any currency from the fee.
EU banks are only allowed to pay the costs incurred by the sending bank and the money must be credited to the customer’s account within five working days. If you regularly transfer money between currencies, you should check out Fidelity funds, which operate without conversion costs and at a wholesale currency rate.
best ways to send money From Canada to Greece
Telegraphic transmission
One of the fastest (takes about 15 minutes) and safest way to transfer money from Canada to Greece is by telegraphic transfer, for example. Moneygram (Tel. UK 0800-666 3947, www.moneygram.com) or Western Union (www.westernunion.com), but it is also one of the most expensive, for example a commission of 7 to 10% of the amount sent! Money senders through American Express offices are sent abroad by Amex cardholders (using Moneyme Amex services) to any other American Express office in just 15 minutes.
Bank drafts and personal checks
Another way to transfer money is through a bank draft, which must be sent by registered mail. However, if a bank draft is lost or stolen, it is impossible to stop the payment and you will have to wait six months for a new draft to be issued. Bank drafts in Greece are not treated like cash and should be cleared like personal checks.
It is also possible to send a check to a personal account, although it may take a long time to clear (it usually takes several weeks) and is expensive. It is possible to pay a check paid from an external account to a local bank account, although it takes three or four weeks to clear. Note that personal checks are rarely used in Greece.
Online services for send and transfer money from Canada to Greece
TransferWise
If you prefer to transfer money online from Canada to Greece, TransferWise is the easiest way to do it. Creating an account or transferring using their app is very simple. They also have the best exchange rates because they offer the same market rate that you see on XE or Google and do not add any hidden exchange rate increases. How much does it cost to transfer money to Greece? Transfer cost: 1.07 USD + 0.45% of your amount. Exchange rate: TransferWise gives you the best possible rate (Google rate). They do not use margins. Additional costs: Bank debt (ACH) is the cheapest. Then the bank transfer of credit card and credit card is followed.
How to transfer money with TransferWise? Create an online account and log in Tap on how much and where. Enter the details of your recipients. Make local US payments to TransferWise using your bank transfer, SWIFT or cash or credit card. How long does it take? Your recipient will receive money in Euros from your local TransferWise account within 1-0 business days.
Is TransferWise safe?Yes they are. Best features: Quick online setup Transparent costs and offering the best rates online Very fast transfer to a bank account and Simple mobile app
OFX is best way to send and transfer money from Canada to Greece
OFX is one of the oldest money transfer companies with a good track record in security. recently stopped charging equal shipping costs to customers in the United States. They are a good option for online users who still want strong customer service over the phone. How much does it cost to transfer money to Greece? Transfer Fee: OFX no longer accepts flat transfer fees for customers in the United States. Exchange rate: When the US dollar converts to the euro, OFX adds a margin to the exchange rate. Minimum transfer fee: US $ 150 for single transfer US $ 250 for frequent transfers.
OFX has a currency exchange calculator, but shows the interbank rate. This rate is before applying the margin. You must set up an OFX account to receive an accurate quote. Alternatively, use the exchange rate comparison engine. You will see the real exchange rate and OFX commission and compare it with other services. How to transfer money with OFX? Create a free online account and sign in to receive a live offer for your transfer. Enter your recipient details, including bank account, financial institution number, account number, and branch shipping number. “Final transaction” and payment using bank transfer or bank transfer. Business customers can use direct debt.
How long does it take?
Your recipient will deposit money into your account in euros within 1 business day. Is OFX safe? Yes they are. See our full OFX review for more information. Best features: Easy online settings Appropriate exchange rates and lock rates for larger amounts 24/7 telephone support and Mobile app
WorldRemit is second best way to send money from Canada to Greece
WorldRemit specializes in smaller remittances. They are suitable for transferring personal money from the Canada to Greece up to $ 10,000 . They are usually better than your local bank and offer more flexible delivery options than companies like PayPal, Western Union or MoneyGram. How much does it cost to transfer money to Greece? Transfer cost: $ 3.99. Exchange rate: WorldRemit adds a margin to the exchange rate. receive a specific exchange rate for sending money from the Canada to Greece. Maximum transfer fee: US $ 5,000 How to transfer money with WorldRemit?
Create an online account and log in How much can you tap on how to transfer (cash voucher, bank deposit, mobile money or mobile call fee) and enter your recipient details Make local US payments to WorldRemit using your bank transfer or cash or credit card. How long does it take? It depends on your choice of delivery. They receive euros on the same day to transfer the wire. Cash delivery is prepared immediately with a valid photo ID and transaction reference number.
Is WorldRemit safe? Yes they are. Learn more about how reliable WorldRemit is. Best features: Offers cash vans, bank deposits, mobile money and recharge airtime Easy online platform and mobile app Transparent costs with precision calculator tools 24/7 customer support
another way to send money From Canada to Greece is XE money transfer
XE as a valid and seasonal name in currency, can be a good option for online users who are not under time pressure for send and transfer money from Canada to Greece . They do not charge a fixed fee and have no minimum amount so it is suitable for any transaction. How much does it cost to transfer money to Greece? Transfer Fee: Free, but there may be hidden fees at your local bank. Exchange rate: The exchange rate you receive depends on the amount of your transfer.How to transfer money with XE?
Set up an account online or by phone. Tap on how much, where and which currency. Pay XE and they will transfer the money to your recipients’ bank account. How long does it take? Set aside 1-4 working days for international money transfers. Is XE safe? Yes they are. They are licensed by DFS in New York as a money transmitter and registered with FINTRAC.
Best features: No cost or minimum amount to transfer money Better exchange rates for more amountsWell-known and trusted brand Career and personal support, plus accessible customer service
another way is xoom
Xoom money transfer is easy, but it costs more than other money transfer professionals for send and transfer money from Canada to Greece. How much does it cost to transfer money to Greece? Transfer cost: varies depending on the amount and method of payment. Payment by bank transfer is free, but if you pay by card, the fee is based on one percent. Exchange rate:
When you convert the US dollar into Euros (Euros), a rate is added to the exchange rate. Suggestion.
How to transfer money with Xoom? Sign in and sign up for an account Tap the amount and where. Enter the details of your recipients. Enter your payment method. The recipient receives the money in the bank account or cash available for delivery at the representative’s location. How long does it take? It will take 1-2 working days. Transfers sent by 11 a.m. EST on one business day to 5 a.m. EST the next business day.
Is Xoom (PayPal) safe? Yes they are. They are powered by PayPal, one of the oldest trusted online payment platforms for secure online money transfers. Best features: A safe, reliable, fully licensed and licensed company Pay bills to recipients or download the phone through the app Regular status updates via text or email
Wire money transfer method from Canada to Greece
Wire transfer money from Canada to Greece Although it is not a good way to send money and it takes a long time to transfer money, but here’s how to do it using these steps to transfer money from your bank account to another bank account in Greece Post:
Find the wire transfer section on your financial institution’s website Check for transfer restrictions that may exist Enter the recipient’s bank details Enter the amount and select the currency you want to send your money to Pay for Transfer Processing – Your bank can charge anywhere from $ 30- $ 80 anywhere. Your recipient bank can charge up to US $ 30 for cash. Find out how long it takes for your transfer to arrive
conclusion
There are many ways to transfer money from Canada to Greece, but always choosing the best, easiest and cheapest way to transfer money from Canada to Greece is one of the issues that concerns many. Finally, we point out that the methods that we have named as the best ways to send money from Canada to Greece each have their disadvantages and advantages, which you can see by further examination and sending money through each. Which service is better for you to transfer money from Canada to Greece, also if you have more questions you can also contact us via the link on the site.
