Compare Piraeus Bank euro currency transfer options to/from Greece. You can beat Piraeus Bank euro exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
International currency transfers to or from your Piraeus Bank account in the euro, UK pounds, US dollars and many other popular currencies will involve a margin or exchange rate of around 1.9% and additional bank transaction or commission fees may apply.
Piraeus Bank international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Sending foreign currency to or from your Piraeus Bank account in Greece needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 100,000 euro (EUR) using Piraeus Bank services would have a transaction exchange rate margin of around 1.9% – or 1,900 EUR. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 700 EUR in total, which is a large saving over the bank service.
International money transfers from Piraeus Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Piraeus Bank account holder to use their services. Piraeus Bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 (or 5,000 EUR).
Unless you pay a premium, Piraeus Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Created in 1916, Piraeus Bank AE is today the leading Greek banking organisation with over 600 local banking branches in Greece and over 200 branches abroad including within the cities of Frankfurt (Germany), and London (UK), together with the countries of Serbia, Romania, Bulgaria and Albania.
Find Piraeus Bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Piraeus Bank branches in your search area results.
You can find answers to everyday banking questions at Piraeus Bank online. If you can’t find the answer you’re looking for, you can call them from outside Greece on +30 210 32 88000
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Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers