No Borders remittances for businesses


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

How you benefit

  • Low cost for both your business when sending No Borders remittances and for the recipient who gets the money

  • Cash received the same day at the branch of Piraeus Bank’s subsidiary in the country of destination

  • If the recipient is an individual, he does not need to have an account with a Piraeus Bank subsidiary

Where cash can be sent

The No Borders Remittance applies to countries where Piraeus Bank owns subsidiary banks:

Albania

Tirana Bank IBC


Bulgaria

Piraeus Bank Bulgaria AD


Cyprus

Piraeus Bank (Cyprus) Ltd


Ukraine

OJSC Piraeus Bank ICB


Romania

Piraeus Bank Romania SA


Serbia

Piraeus Bank AD Beograd

How much money can be sent

  • 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 doesn’t have an account with a Piraeus Bank subsidiary but he is an individual, you can send up to €10,000 or the equivalent amount in dollars or the local currency of that country

How to send remittances

Fill out 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 or business name

The service is provided under the current restrictions on capital transfers