A sweeping reform of banking fees in Greece takes full effect today,
A sweeping reform of banking fees in Greece takes full effect today, with the second wave of changes targeting cash withdrawals from ATMs. Earlier measures introduced in January 2025 had already reduced or eliminated charges for a range of popular retail banking transactions, particularly through digital channels.
According to the government, 2025 marks a turning point in banks’ pricing policies for private customers, with legislative initiatives easing or removing charges on everyday transactions. While the changes have reduced non-interest income for banks in the first half of the year, they have translated into direct savings for consumers.
Key Changes for Customers
The reforms affect a broad set of transactions for individuals — including employees, pensioners, the unemployed, and the self-employed — with either no fees or significantly lower costs:
1. Money Transfers (Domestic Bank-to-Bank)
Since 20 January 2025, charges for transfers of up to €5,000 between accounts in different banks within Greece have been capped at:
- €0.50 for outgoing transfers
- €0.50 for incoming transfers
This reduces the total maximum cost for such transactions to €1, split between sender and receiver. The cap applies until the daily €5,000 limit is reached. Instant transfers can now be chosen without any extra fee compared
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