Question 1

What's the best way to do Greece to Armenia money transfers?

Accepted Answer

With the global remittance market booming, there are so many choices for Euro to AMD money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Armenia from Greece. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final AMD amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best remit rate for transferring money from Greece to Armenia?

Accepted Answer

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Armenia from Greece. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your EUR to Armenian Dram money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Greece to Armenia corridor to give you more good choices for your next AMD money transfer. This way you do not miss out on additional options to potentially save more.

Question 3

What's the cheapest way to send money from Greece to Armenia?

Accepted Answer

One of the most important things to watch out for is hidden fees when sending money to Armenia from Greece. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Armenia using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Armenian Dram foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best EUR to Armenia exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Armenia from Greece.

Question 4

Should I use my bank to send money from Greece to Armenia?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Greece to Armenia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the EUR to AMD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Greece bank for your Armenia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.

Question 5

How to send money from Greece to Armenia fast?

Accepted Answer

The speed of your Euro to Armenian Dram funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert EUR to AMD. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Armenia from Greece is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Armenia if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout AMD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Greece bank to Armenia bank transfer.

Question 6

Which are the best money transfer companies to send money from Greece to Armenia?

Accepted Answer

Greece to Armenia money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Armenia as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Euro to Armenian Dram money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.

Question 7

Step by step guide to send money from Greece to Armenia

Accepted Answer

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Greece to Armenia, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Greece to Armenia that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
Provide information about the receiver - name, address and a bank account in Armenia where they can receive monies in Armenian Dram.
Then, provide details of your Greece bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
Finally, select the amount you want to transfer, and click Send.
The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your EUR travel to another part of the globe.

1 EUR	438.40 AMD
5 EUR	2,191.99 AMD
10 EUR	4,383.98 AMD
25 EUR	10,959.96 AMD
50 EUR	21,919.92 AMD
100 EUR	43,839.84 AMD
150 EUR	65,759.76 AMD
200 EUR	87,679.68 AMD
250 EUR	109,599.60 AMD
300 EUR	131,519.52 AMD
400 EUR	175,359.36 AMD
500 EUR	219,199.20 AMD
600 EUR	263,039.04 AMD
700 EUR	306,878.88 AMD
800 EUR	350,718.72 AMD
1000 EUR	438,398.40 AMD
1500 EUR	657,597.60 AMD
2000 EUR	876,796.80 AMD
2500 EUR	1,095,996.00 AMD
3000 EUR	1,315,195.20 AMD
4000 EUR	1,753,593.60 AMD
5000 EUR	2,191,992.00 AMD
10000 EUR	4,383,984.00 AMD
15000 EUR	6,575,976.00 AMD
20000 EUR	8,767,968.00 AMD
30000 EUR	13,151,952.00 AMD
40000 EUR	17,535,936.00 AMD
50000 EUR	21,919,920.00 AMD
100000 EUR	43,839,840.00 AMD

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