Ministry of Economy and Finance, General Accounting Office SWIFT/BIC code

SWIFT/BIC code of Ministry of Economy and Finance, General Accounting Office

If an invoice shows MFGAGRAA or MFGAGRAAXXX, it is the identical address for Ministry of Economy and Finance, General Accounting Office in Greece. A SWIFT code tells the sending bank exactly which bank is meant to get the money. In daily life you usually come across the code on international invoices, in your banking app and on the account details of Ministry of Economy and Finance, General Accounting Office customers.

We wrote this page to help anyone who receives money at an account at Ministry of Economy and Finance, General Accounting Office and wants to get the details right. A SWIFT code names an institution, not a specific account; the IBAN or account number does that.

How to check MFGAGRAA before you pay

Ask the recipient to copy their account details directly from their banking app. If the code you have differs from MFGAGRAA or MFGAGRAAXXX, do not guess.

An incorrect BIC may lead to delays, a returned payment or extra fees along the way. Do not forget the account number: a mistake there is more difficult to undo than a wrong BIC.

A validity check in your banking app only confirms that the IBAN exists, not that it is the right account. Where available, a name check on the recipient adds extra certainty. For a first payment, many people start with a small amount first before sending the rest.

8 or 11 characters: MFGAGRAA versus MFGAGRAAXXX

A SWIFT code is made up of fixed blocks: the first four letters identify the bank, characters five and six show the country and characters seven and eight indicate the location. For Ministry of Economy and Finance, General Accounting Office, the 8-character core is MFGAGRAA.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, which is why MFGAGRAAXXX and MFGAGRAA lead to the same place.

In practice the code is typed in capitals, without spaces or dashes. Watch for O versus 0 or I versus 1.

What a transfer from Ministry of Economy and Finance, General Accounting Office abroad really costs

If you transfer money abroad from Ministry of Economy and Finance, General Accounting Office, the visible fee is rarely all of what you pay. On top of the transfer fee, banks in between can take a cut, and when the money changes currency the bank usually uses a rate below the real market rate.

The markup on the rate is often the biggest cost. A simple test: set the rate you get against the mid-market rate and look at the difference.

Specialised transfer providers frequently use a rate near the mid-market rate with clearer fees. Before your next transfer, take a minute comparing what arrives on GoldexPay instead of going straight to your bank. You can still keep your account at Ministry of Economy and Finance, General Accounting Office, while a cheaper service handles the conversion.

Receiving money from abroad at Ministry of Economy and Finance, General Accounting Office

A sender in another country needs a few details from you. The basics are: the account holder’s name, IBAN or account number, MFGAGRAAXXX or MFGAGRAA and in many cases your home address.

You can include the bank name and Athens too, because some payment forms have separate fields for them. Check every detail before you share them.

An incoming payment does not always arrive for the full amount. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin comes on top. For business payments, you can agree who bears the costs, so that nobody is left short.

Watch out for payment fraud

Stay alert if a contact suddenly asks you to send money to another account or a bank in another country. That MFGAGRAA is a real code does not mean that the account is legitimate.

Always confirm a change of bank details through a phone call, using a number you already had. Urgency or requests to keep it quiet are red flags. When money has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to send back the difference. Wait until the money is actually in your account.

The Euro and what conversion costs you

The currency in Greece is the Euro (EUR). If you send money in a different currency, the amount has to be converted at some point: by your bank, an intermediary or Ministry of Economy and Finance, General Accounting Office itself. There is rarely a separate charge for that conversion; it is built into the rate.

Who converts the money makes a difference: every bank has its own margin. In many cases you pay less if you send EUR straight away through a provider that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for EUR changes constantly, so the amount you see is usually only valid for a short time. On larger amounts, even seemingly small difference in the rate can be worth more than the fee.

Where our SWIFT data comes from

We collect SWIFT/BIC codes using public sources and update them regularly. It is possible that information on this page is out of date, for example after a merger. The figures we show reflect what is in our directory.

Use this page as a starting point, not as the last word: the recipient’s bank details come first. We are a comparison site for money transfers and not affiliated with Ministry of Economy and Finance, General Accounting Office. If you notice something that is out of date, we welcome a short note via the contact page.

Choosing between the 4 SWIFT codes of Ministry of Economy and Finance, General Accounting Office

Our database contains 4 SWIFT/BIC codes for Ministry of Economy and Finance, General Accounting Office, spread over 1 locations. Next to the head office code MFGAGRAAXXX, there are codes for regional offices and specialised units.

Usually you do not need to look up a branch: payments addressed to MFGAGRAAXXX are routed within Ministry of Economy and Finance, General Accounting Office correctly. If you have been given a branch code, stick to it instead of swapping it with the head office code.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes for branches are more likely to be retired than MFGAGRAAXXX when a bank merges or closes offices.

Tracking a transfer to or from Ministry of Economy and Finance, General Accounting Office

There is no single answer for every transfer: many arrive within a day while others need several business days. Transfers sent after the cut-off time or just before weekends and holidays often start the next business day. Compliance checks on larger or unusual payments can also add some delay, even when all details are correct.

If a transfer is late, ask your bank for the tracking status; with that reference banks can see where the payment is. Money transfer services usually provide a status online so you can see how far the payment is.

The bank that sent the money is able to request a trace – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, it helps to check your statements to see a partial amount, since fees may have been deducted.

Paying Ministry of Economy and Finance, General Accounting Office in euros within SEPA

Greece is a member of the SEPA area. When you send euros within SEPA, you normally only need the IBAN and the BIC is often filled in automatically.

The BIC still matter for payments in other currencies, and for transfers from outside SEPA. A few forms still show a field for the BIC out of habit; in that case, fill in MFGAGRAA.

Instant euro transfers have become increasingly available across SEPA – whether Ministry of Economy and Finance, General Accounting Office offers them for your account is worth checking. Fees for SEPA transfers tend to be low, as long as no currency conversion is involved.