Eurobank Ergasias S.A. SWIFT/BIC code

Eurobank Ergasias S.A. SWIFT code: ERBKGRAA

The 8-character code ERBKGRAA and the 11-character code ERBKGRAAXXX refer to one and the same institution: Eurobank Ergasias S.A., with its head office in Athens. Every bank on the SWIFT network uses these codes to route payments between countries to the correct institution. It comes up mostly for transfers between countries and payments in foreign currencies.

Below we go through the practical side: receiving money at Eurobank Ergasias S.A., sending money abroad and how to check a SWIFT code before you hit send. The BIC identifies a bank or branch, never a single account, which is why you always need the account number too.

Head office or branch code at Eurobank Ergasias S.A.?

Eurobank Ergasias S.A. uses 2 separate SWIFT/BIC codes across 1 cities. One of them is the head office code; the others belong to branches or departments, and sometimes specific services.

Unless the recipient tells you otherwise, go with ERBKGRAAXXX or its short form ERBKGRAA. When you receive a specific code, stick to it rather than replacing it for the head office code.

Unsure which code to use? Check with the recipient, or look at a recent statement from Eurobank Ergasias S.A.. Branch codes are more prone to change than the head office code when a bank merges or closes offices.

ERBKGRAA or ERBKGRAAXXX – which one to use?

A SWIFT code is built from a few fixed parts: characters one to four stand for the bank, the next two show the country and the two after that indicate the location. For Eurobank Ergasias S.A., that core is ERBKGRAA.

Most payment forms work with either length. If a form requires eleven characters, use ERBKGRAAXXX, otherwise ERBKGRAA is fine.

Do not add spaces, dots when you type ERBKGRAA. Watch for the letter O and the digit 0 or I versus 1; they are easy to mix up.

Receiving money from abroad at Eurobank Ergasias S.A.

Someone abroad who wants to pay you needs a few details from you, and missing ones are a common cause of delays. The basics are: your name, IBAN or account number, ERBKGRAAXXX or ERBKGRAA and in many cases your postal address.

Their bank might request the bank address of Eurobank Ergasias S.A.. A typo in the IBAN can be more trouble than you might think.

Do not be surprised if the amount credited is smaller than what the sender paid. Fees for incoming transfers differ from bank to bank. On invoices, you can agree who bears the costs to avoid a shortfall.

The Euro and what conversion costs you

Greece pays in the Euro (EUR). When you pay money in a different currency has to be converted at some point: by your bank, an intermediary or Eurobank Ergasias S.A. itself. You rarely see a separate line for the conversion.

Which bank converts the money matters, because each party uses its own rate. Check how much EUR arrives with different services; the difference between options can be larger than you expect.

Exchange rates move during the day. On larger amounts, a seemingly small gap in the rate can be worth more than the fee.

What a transfer from Eurobank Ergasias S.A. abroad really costs

The price of an international transfer has several parts. There is the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup if the currency changes.

The markup on the rate tends to be the largest item, and it is easy to miss. A simple test: put the bank’s rate against the mid-market rate and look at the difference.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer. Next time you send money, take a minute comparing what arrives via GoldexPay. You can always use your account at Eurobank Ergasias S.A.; only the conversion and sending happen elsewhere.

Transfer times and tracking a payment to Eurobank Ergasias S.A.

How quickly a transfer arrives at Eurobank Ergasias S.A. is determined by several factors: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Payments made after the cut-off time or on a weekend or public holiday usually start the next business day. Occasionally a bank asks about the purpose of a payment before releasing it.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR. Keep the payment confirmation until the money has arrived.

A missing payment is traced from the sending side on the basis of the transfer details. Ask the sender for a copy of the payment confirmation.

SEPA payments and the Eurobank Ergasias S.A. BIC

Greece belongs to the Single Euro Payments Area (SEPA). When you send euros from another SEPA country, the IBAN is usually enough and the BIC is often filled in automatically.

Outside the euro and from non-SEPA countries, ERBKGRAAXXX is still part of the payment details. Some forms still show a field for the BIC; in that case, enter ERBKGRAA.

Euro payments within SEPA usually arrive within one business day. Charges on SEPA transfers tend to be low.

Before you send: check the Eurobank Ergasias S.A. code

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Check that code with ERBKGRAA on this page; if they differ, ask before you pay.

Mistakes in the SWIFT code tend to be costly more than fatal: often the payment comes back, minus fees. An error in the account number is a bigger problem because it can reach the wrong person; check it just as carefully.

Many banking apps check the format of an IBAN and some suggest the matching BIC. Some banks now check the name with the account – do not ignore a mismatch warning. Sending a small amount first can be a sensible step for large sums, even if it costs an extra fee.

About this information

This directory is based on publicly available sources. It can happen that information here is no longer current, for example after a merger. The number of codes we show reflect our own data and not on information from Eurobank Ergasias S.A. itself.

Treat our data as a reference, rather than as the final word: the recipient’s bank details come first. GoldexPay is an independent comparison service for money transfers and not part of Eurobank Ergasias S.A.. Found outdated information? Let us know through the contact page so we can correct it.

Watch out for payment fraud

Criminals regularly send fake invoices containing changed bank details, sometimes in an email that looks completely genuine. That ERBKGRAA is a real code does not mean that the account is legitimate – fraudsters use real bank codes as well.

Check new bank details via a separate channel. Urgency and requests to keep it quiet are warning signs; a genuine business can wait for you to check. Already paid? Contact your bank straight away and have them try to recall the payment and report the fraud.

People receiving money can be targeted as well: a classic trick is an overpayment followed by a request to refund the difference. A screenshot of a transfer is no proof.