Greece: Paper Issued by the Greek Government on Financial Transactions, Credit Cards, ATMs etc; Όλα όσα πρέπει να ξέρετε για την «αργία τραπεζών»

From The Greek Analyst For full details click on the link on the left

Some of the information in the "Non Paper":

"Electronic transactions within the country will not be affected. That is to say, all transactions using a credit or debit card and with all electronic ways of payment (web banking, phone banking) will be carried out as normal. Prepaid cards can be used up until the limit, which was already in place, before the beginning of the bank holiday.

At the same time, starting on noon of June 29th, ATMs will begin operating with a daily withdrawal limit of 60€ per card, which corresponds to 1.800€ per month. Foreign tourists will be able to make normal withdrawals of cash from the ATMs with their cards, as long as [these cards] have been issued abroad".

More information:

While [the bank holiday] lasts, will the ATMs be open?


The ATMs will re-open no later than noon of Monday, and will remain open during the short bank holiday.


How much money will I be able to get from the ATM?


The daily withdrawal limit is 60€ per card.


What happens if there are more than one accounts connected to a card?


Accounts with more connected accounts, the daily withdrawal limit is 60€.


What happens if one account has more [than one] beneficiaries?


In accounts with more beneficiaries and more cards, the daily withdrawal limit is 60€ for each beneficiary’s card. For instance, in an account with two beneficiaries that have one card each, the daily withdrawal limit is 60€ per card, that is 120€ for the account.


What if an account has one beneficiary but more than one connected withdrawal cards?


In such a case, the daily withdrawal limit of 60€ applies to the total number of cards. For instance, if an account has a beneficiary with two connected cards, the daily withdrawal limit is 60€.


Can I make cash withdrawals with my credit card?


Cash withdrawal by credit card can happen until the daily limit (60€). This transaction shall bear interest rate and fees that are set by the Bank that issued the credit card.



Will I be able to use the credit card or the debit card in order to make purchases?

Credit and debit cards can normally be used for purchases within Greece, up to the threshold agreed in my contract with the Bank.

Will I be able to use my credit and debit card in order to make purchases online?

Credit and debit cards can be used normally for purchases by online shops that have an account in the Bank of Greece.

FULL INFORMATION IN GREEK - Όλα όσα πρέπει να ξέρετε για την «αργία τραπεζών» – Το Υπουργείο Οικονομίας απαντά