There are several ways to send money from Canada to Greece. In the following, we will consider remittances from Canada to Greece, money transfers from Canada to Greece, and money transfers from Canada to Greece in the fastest and cheapest time possible.
Send money from Canada to Greece
Before the use of the euro as the currency in Greece, the drachma was used as the currency. Drachma was introduced in 1932 and was symbolized. This word is derived from the present tense which means “to understand”. In ancient Greece, the “catch” metal stick was used as a currency to facilitate trade. The use of metal sticks was used by 150 mystics on display at the Museum of Athens as part of Greek history. Other Greek cities that used Drahma include Kos, Thassos, Chios, Athens, Abdera, Ephesus, Paul, Sparta, Tarsus, Troy, and Abydos.
The most widely used coin in Greece was the Athenian tetradrachm, commonly called the “owl”. Also, many world currencies take their name from the word drachma, such as the Armenian dram, the Moroccan dirham, and the UAE dirham. The estimated value of Drama in the fifth century was US $ 25, equivalent to the US $ 46.50 in 2015. The ancient cults were Abol, Tetrobol, Deobol, Didrach, Tetradak, and Decadrak.
Greece applied to join the eurozone in 1999. It joined the eurozone in January 2001 after a thorough review and verification of convergence criteria. Subsequently, the euro adopts as the new currency of Greece, just like the other members of the euro area. However, the physical currency became available to the Greeks a year later in January 2002. Eligible drachmas then exchange for Euros at the rate of 340.75 Drachmas per Euro. At the time of the adoption of the euro, the names of the coins were 50 lepts and 1, 2, 5, 10, 20, 50, 100, and 500 dirhams. The banknotes were -10000-, 5000-, 1000-, 500, 200, and 100 drams
Currency exchange in Greece
EU citizens allow to open a bank account in any country and import (or export) unlimited funds in any currency. If you intend to send money from Canada to 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 more than 10,000 euros to send money from Canada to Greece (in any currency) must declare at customs. Residents who issue more than 10,000 euros in cash must present the Greek tax certificate in which the tax pays. Non-residents must provide proof that the amount announces upon arrival
When you send money to Greece to buy a property or, conversely, send money to Greece from Canada, 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 funds receives.
Bank Transfer in Greece
When transferring or sending money to Greece from or to Canada, 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. In Greece, for example, if you buy a house 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 pounds. However, if the £ / € exchange rate falls to € 1.35, it will cost you 1 111,000 – an increase of 7 7,500! The same is true for the Canadian rial, for example, if the euro has a price increase of more than 3,000 tomans in a week, you must send an additional difference of 450 million tomans.
When transferring money 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 transfer of Swift. A normal transfer is supposed to take three to seven days but 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 are usually faster and cheaper than non-affiliated banks
If you are planning to send a large amount of money to Greece for a commercial transaction, such as buying a property from Canada, you need to make sure that you receive the trade rate rather than the tourism rate. Shop in the market and compare your bank rate with at least one foreign exchange broker that specializes in sending money abroad (especially large amounts). Leading companies include Money Corp, Halifax, and Transfer Wise foreign currencies.
Highlights for sending money from Canada 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 coordinate them with your bank (you may be able to negotiate lower rates or better exchange rates). It is usually best to convert money into euros before transferring it to Greece
In this case, you will not receive any fees in Greece, although some banks deduct any currency from the fee. Banks in EU countries only allow to pay the costs by the sending bank and the money must be credited to the customer’s account within five working days. If you normally transfer money between currencies, you should check out Fidelity Mutual Funds, which operate without conversion costs and at a wholesale currency rate.
The fastest way to send money from Canada to Greece
Of course, using Canadian banking systems and exchanges in Greece and Athens is a good way to send money and transfer foreign currency remittances from Canada to Greece, but the remarkable thing is that it takes a lot of your time. If you already have an account activated on websites such as Western Union, PayPal, or Transfer Wise, it is much faster and more cost-effective to use the above methods, especially Transfer Wise, which has a lower intermediary currency cost than other methods. Receives remittances.
One of the fastest (takes about 15 minutes) and the safest way to transfer money is through online transfer, for example. Moneygram or Western Union, but it is also one of the most expensive, for example, the commission will charge you 7 to 10 percent of the amount sent! Money senders through American Express offices by OEM cardholders abroad to any other American Express office can send their money from Canada to Greece (exchanges related to this type of acceptors) in just 15 minutes
Exchange, bank, or online methods
In terms of efficiency and speed of money transfer methods from Canada to Greece, it divides into three categories: exchange, banking, and online, each of which has its advantages and disadvantages. In the meantime, you must first choose which option to transfer money from Canada to Greece. Greece is more important to you. Do you want to pay less? Do you want to get money to Canada faster or vice versa, or do you want to do it as safely as possible? Exchange offices can provide you with security and speed, but they will charge you a lot of money.
Banks, on the other hand, guarantee security and cost, but it may take a long time to transfer money from Canada to Greece through Euro-Greek bank transfers, and even up to 12 days your money may stay on the road, but on the other hand, security is very high. And they receive and offer less money than other methods
Online methods In the meantime, if you have a predefined account, for example on Transfer Wise, Western Union, or MoneyGram, it can be the best option, but they charge a lot of money, instead, your money is less than 1 Working hours arrive in Canada. So it’s best to consider which method will work best for you from sending money from Canada to Greece, and then try it.
Send money from Canada to Greece with Paysend
Throughout history, Greece has been one of the most influential countries in the world. Whether it is philosophy, mathematics, or just delicious Greek food, Greek culture has become very widespread on a global scale.
About 7 million Greeks live and work abroad, mostly in North and South America, Australia, and across Europe.
Many of these immigrants regularly send money to their friends and family in Greece, and when they do, they want to find the cheapest way to send money to Greece. They also want fast money transfers, so that their recipients do not have to wait for the money to arrive.
So what options are available for Greek immigrants?
How can I send money to Greece? Before the advent of the Internet and technology, the best way to send money to Greece was to go to a bank on the main street, post office, or money transfer shop and send money with the help of a cashier. However, many methods are much faster and cheaper than these methods – online money transfer platforms.
Sending money online from home allows you to avoid queues and may save a lot of money on high processing costs and poor exchange rates. Paysend is an online transfer platform that lets you send money via your smartphone or laptop. Fast, affordable, and hassle-free.
More than 2.4 million users already use Paysend online money transfer services, and we’ve received over 13,000 Trustpilot reviews – rated by 89% of people as “excellent”. Paysend allows you to transfer money to a bank account or directly to a credit or cash card in Greece.
How much does it cost to send money to Greece?
If you want to transfer money to a bank account in Greece, you can do so using Paysend with a zero transfer fee. Alternatively, if you want to transfer money directly to an account in Greece, it costs 1 million, 2 dollars, or 1.50 euros (or equivalent) to send your money to Paysend, regardless of the amount you want to transfer. Our low cost means that your recipients will have even more money to spend in Greece. For example, if you want to send یا 500 or از 5,000 from the UK to Greece, it will cost you 1 1 anyway.
How much does my recipient receive?
Paysend uses a high and competitive exchange rate which, together with our low and low-value commission, means that we offer very cheap money transfers to Greece. Before confirming the transfer, we will let you know that your recipient will receive a fee.
How long does it take to transfer money to Greece?
The money sent using Paysend usually arrives in Greece within a few seconds of sending it, although your receiving bank is not as fast as us in processing payments, which can take up to three business days!
conclusion
In this article, we have examined many methods for sending and transferring money wirelessly from Canada to Greece, each of which has advantages and disadvantages. If you have more questions about transferring money from Canada to Greece, you can contact us via the contact link
