Opening A Bank Account In Greece
When you move to Greece one of the first things you will need to do is open a bank account.
Why do you need a bank account in Greec?
When you decide to move to Greece or even if you only buy houses, you will need a Greek bank account.
Regulations for banking are the same for non-residents and residents alike. It is possible that you want to keep your banking in the UK and perhaps work through online accounts. It is perfectly acceptable, but still need a Greek bank account to run with it.
It is also very convenient to be able to use ATMs that are associated with a Greek bank account to withdraw money, and not be burdened with additional costs that would arise from the withdrawal of money from UK banks.
I would recommend that you have a Greek bank account, because it makes the day-to-day life easier.
Can not open a bank account before arriving in the country through foreign branches of any Greek bank (or foreign banks operating in Greece), but your signature must be ratified before the account can be opened. Keep in mind that different types of bank account can be opened, including current accounts, foreign currency accounts and external accounts.
The majority of Greek banks offer debit cards and cash withdrawals (ATM) card from your current and savings accounts. Greek debit card can also be used for purchases outside of Greece. If you need a credit card, you should request one, but the bank may ask to see a recommendation from the bank in the country before making one. Greek banks are not lending in general (excluding mortgages) to non-residents.
It is not wise to close their bank accounts abroad, if you live permanently in Greece, unless you are absolutely sure that you will not need them in the future. Even if you are a resident in Greece, it is cheaper to keep some money in the account in the country you are visiting on a regular basis rather than pay commission to convert foreign currency. Many foreigners living in Greece hold at least two accounts, foreign bank account for international transactions and a local account for day-to-day operations.
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