No Borders Remittances for Businesses


Using the No Borders remittance service your business can transfer funds to Piraeus Bank's subsidiaries in Albania, Bulgaria, Cyprus, the Ukraine, Romania and Serbia on the same day at a low cost. Payments can be in euro, dollars or the local currency of every country. The funds are directly credited to the beneficiary’s account or are available on the same day if the recipient doesn’t have a bank account.

How you benefit

  • Preferential rates for both your business and the recipient (for free, except for Piraeus Bank Bulgaria AD)
  • Cash received on the same day at the branch of the Piraeus Bank’s subsidiary in the country of destination
  • The recipient does not need to have an account with a Piraeus Bank subsidiary

Where can you send cash

You can send No Border Remittances to countries where Piraeus Bank owns subsidiary banks:

Albania

Tirana Bank IBC

 

Bulgaria

Piraeus Bank Bulgaria AD

 

Cyprus

Piraeus Bank (Cyprus) Ltd

 

The Ukraine

OJSC Piraeus Bank ICB

 

Romania

Piraeus Bank Romania SA

 

Serbia

Piraeus Bank AD Beograd

How much money can you send

  • If the recipient has an account with a Piraeus Bank subsidiary, then you have no restrictions on the amount of money you send
  • If the recipient does not have an account with a Piraeus Bank subsidiary, you can send up to €10,000 or the equivalent amount in US dollars or the local currency of that country

How to send remittances

Fill in the remittance form at your business’ local Piraeus Bank branch. The employee will ask you for the recipient’s details:

  • Bank Account (if any)
  • Destination subsidiary bank
  • Recipient’s Name

The service is provided under the current restrictions on capital transfers