In order to make a reservation in Greece, it is necessary to submit a deposit to the Greek accommodation owners as a guarantee that you will indeed come, and in that case, the accommodation owners will keep your room or apartment during the agreed period.

What is the most convenient way to send money (deposit) for accommodation in Greece?

Wise (formerly known as TransferWise) is an online platform for sending money between different countries and currencies, which offers advantageous exchange rates and transparent fees.
It operates by using local accounts in the countries where it operates in order to minimize international transfer costs and thus enable users to save money when sending money abroad.
Wise offers money transfer in 40+ currencies worldwide. The fees for sending money depend on the currencies involved in the transfer, as well as the payment method you use (bank transfer, credit card, etc.).
However, generally speaking, the fees for sending money through Wise are usually much lower than the fees charged by banks and other financial institutions for international transfers.
Additionally, Wise provides you with the option to see the fee and exchange rate before sending money, so you can decide if it is the best option for you.
Another benefit is that the recipient does not need to have an account in order for you to send them money.

To register and send money through Wise, follow these simple steps:

  • Visit the Wise website at https://wise.com/
  • Click on the “Sign up” button in the top right corner of the screen.
  • Enter your email address and the password you will use to log in to your Wise account.
  • After that, select your country and the currency in which you will perform transactions.
  • Once you have entered the basic information, Wise will send you an email or SMS for account verification. Click on the link in the email to verify your account or enter the code received via SMS.
  • Then, you will need to enter details of your identity, such as your name, address, and date of birth.
  • After your account is verified, you can start sending money.
  • Select the “Send money” option.
  • Enter the recipient’s account details, such as their name, address, and account number.
  • Choose the currency in which you want to send money and enter the amount.
  • Verify the entered information and confirm the payment.

The money will be sent to the recipient’s account within a few days, depending on the country and currency.
It is very important to carefully enter all the recipient’s account details to ensure that the money reaches the correct address. If you have any questions or issues, you can always contact Wise customer support for assistance.
Your Wise account is free of charge and there are no registration fees. However, there will be a fee for each transaction you make, but this fee will be lower than with traditional methods of sending money abroad.

The cost or fee for sending money through Wise depends on several factors, including the amount being sent, the currencies involved in the transaction, and the payment method.
However, Wise is known for having very low fees compared to traditional banks and other methods of money transfer.
When using Wise, as the sender, you pay a fee for converting the money into another currency and a fee for the money transfer. The exact fee will be shown before confirming the transaction and is usually a few euros or less, depending on the amount of money you are sending.
To calculate the exact fee for your transaction, you can use the fee calculator on the Wise website. Also, check if there are any additional fees that the recipient’s bank may charge.

Is sending money through the Wise platform safe?

Yes, sending money through Wise is very secure. Wise is one of the largest and most reputable online money transfer platforms in the world and uses state-of-the-art technologies and security protocols to ensure the safety of its users.

Wise uses SSL encryption, which means that all data you transmit through Wise, including your personal and financial details, are protected by the highest security standards on the internet. Additionally, Wise has licenses and regulations in many countries, further securing your money.
Furthermore, Wise uses intelligent technology to help keep costs low and transparent, which means that there is no possibility of hidden costs or fees.

In summary, sending money through Wise is a safe, fast, and efficient solution for international money transfer.

There are several other methods, which we have written about in previous articles:
How to send money to Greece through Western Union and MoneyGram
How to deposit money into a Greek account through Paysend
How to send a deposit for accommodation in Greece through PayPal

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