Greek Finance Ministry announced on 8. July that banks will remain closed until at least midnight on 13 July 2015, that is one day after the EU Summit on Sunday. The Finance Ministry further announced that

* Daily withdrawal from ATM remains at €60.

*Pensioners without credit or debit card will be allowed to withdraw another €120 this week.

*Jobless are allowed to withdraw also €120 in unemployment allowance (monthly 360 euro).

For holders of credit/debit cards issued by foreign banks see here.

Concerning pensions issued abroad and in other currency than euro , the FinMIn decision notes:

“The conversion, at the request of the beneficiary, of the pension amount paid in foreign currency by insurance abroad into Euro, the transfer of this amount in another existing savings account of the same holder and withdrawal of up to one hundred twenty (120) euros.” [I hope it makes sense to you, especially Britons living in GR]



Acording to two Greek media (here and here) * The amount of cash allowed to be taken abroad by Greek citizens is limited to €1,000 per person – but I don’t see this claim on the FinMin’s decision here.

UPDATE: GBU Luka Katseli told Thursday morning to STAR TV that there is no limit of €1,000 to be taken abroad in cash and that the same limit of €10,000 as before is valid. “There was a proposal for this, but the Bank of Greece needed a separate ministerial degree for this and there was no time.”

If it is true, theoretically tourists, expats are exempted . Please, check out.

Greek Bank Union President Louka Katseli told state ERT TV, that “money at the ATMs will be sufficient until Monday night” stressing that “banknotes will be available at the ATMS through the week and over the weekend”. She added that the banking sector will gradually return to normality once there is an agreement with Greece’s creditors.

“The banking sector will gradually return to normality and in dependence with the European Central Bank decision.” She assured that “there is no problem with the deposits safety” – as they are quite some rumors that a deposits ‘haircut’ or bail-in could happen.

The Finance Ministry decision was taken late Wednesday after the ECB decided earlier on the same day to not increase ELA for Greek banks.

PS I wonder how much money left Greece since bank holiday & capital controls directly from the mattress —> abroad via airplane, car, donkey, yacht, Cessna, helicopter, horse…