transactions Archives - Keep Talking Greece

Greek Banks restrict several transactions at the counter due to COVID-19, lockdown

March 24, 2020 CORONAVIRUS Comments Off on Greek Banks restrict several transactions at the counter due to COVID-19, lockdown

The Hellenic Association of Banks has decided to impose a series of measures to restrict contact between customers and the staff of the banking sector. The Association urges customers to make use of e-banking and their credit or debit cards at ATMs, as several trasnactions are suspended at the counters …

Greece lowers limit for cash transactions to 300 euros

November 8, 2019 Economy Comments Off on Greece lowers limit for cash transactions to 300 euros

Greece lowers the limit of cash transactions from 500 euro to 300. Purchases with a value above the new limit should be made exclusively through electronic payments. The new limit is thought as a measure to combat tax evasion. This is one of the measures of the draft tax bill …

All Greek banks to implement extra charges for services free until now

October 11, 2019 Economy 4

Greek banks will impose charges on services that used to be free of charge until now. The charges on virtually all their services and customers’ transactions are an effort to offset their losses from interest rates taking, which have been in constant decline over the last few years, media report. …

SCA: EU’s new security standards for card, e-commerce payments

September 15, 2019 Economy 2

Rapid changes in the payments industry, the rise of e-commerce and the constant threat of fraud have led the European Union (EU) to update its Payment Services Directive (PDS), which has regulated the electronic payment services industry since 2007. The EU’s new PSD2 directive (2015/2366/EU), has gone into effect as …

Real estate transactions increased by 42% in 2018, Public Revenues Authority says

April 9, 2019 Economy Comments Off on Real estate transactions increased by 42% in 2018, Public Revenues Authority says

Real estate property transactions recorded an increase of 42 percent 2018, totaling 26,700 compared with 18,800 in the previous year, Greece’s Independent Authority for Public Revenues (AADE) said in a report. The increase offers strong signs of a revival in the domestic real estate market,the report stressed. Short-term property leases …

Greece’s banks to radically modernize ATMS

January 17, 2017 Economy 1

ATMs in Greece are to be radically modernized and offer a series of transactions possibilities that are currently being offered only at the bank counter. The country’s banks plan to replace the ATMs inside and outside the bank branches with a new generation of automated teller machines offering multiple transactions …

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