How to send money to Cyprus
Learn how to transfer money to Cyprus at the best EUR rate in a few easy steps
1. Check the EUR mid-market rate against your own currency
Making your transfer on the right day can help you save money. It's a good idea to set-up our smart alerts to frequently check the evolution of the EUR exchange rate.
2. Go with the most interesting deal by comparing all the available options.
Monito's comparison engine lists plenty of providers to make money transfers to Cyprus, such as TransferGo, TransferWise, Western Union, MoneyGram, CurrencyFair. Sending money with the most competitive money transfer provider from the list is the best way to save on costs.
3. Choose the best service for your needs
Search for the provider with the most competitive pricing, the shortest transfer time, highest reviews, or a good compromise.
It is also important to pay attention to the options to pay for the transfer and receive the money. You can often find money transfer services allowing you to wire the money from your bank account, others will also give you the option to pay by credit and debit cards. In Cyprus, look at different options if you need the amount in EUR to be sent directly to the recipient's bank account or available for pick-up in cash at an agent location.
4. Sign up and start your money transfer to Cyprus with the company you selected
Go to the money transfer provider's website to register - be aware you will often need to provide an ID document and/or a proof of adress - and set upyour money transfer to Cyprus.