Balances with banks abroad

Due to the climate prevailing in the Greek economy and the fear that the risk of deposits in Greece, many are considering transferring their money in foreign accounts.

Inhibitor, these days, to transfer money abroad is perhaps deliberate, ambiguity of the new tax bill . Based on the new law, the bank manager told someone wanted to open a deposit account abroad, that will have tax returns. Key Points of the Article 18 are references to encourage repatriation of capital has not been declared and it was already abroad when the date of the bill (April 15, 2010). That makes no reference to future deposits and the existing use if we have the money out is not declared to tax office and we want to "formalize".

The other problem opening an account abroad is that we should go there themselves for small amounts (eg in Switzerland for amounts less than 250.000 CHF - 175.000 euros). A trip is a bad idea in a beautiful country like Switzerland. Banks asking for passport and possibly account DEI - OTE - bills to verify residence. For larger amounts, in some Swiss banks, there are ways of opening from a distance, but it needs some time to see the applicant come even if the bank's representative at it. Interest rates are low and "good" accounts pay a fee each year.

It is usually easier to open an account in a foreign country through a bank branch in Greece. Some of these banks are:

  • In Cyprus : Marfin, Cyprus, Greek Bank, Commercial, National, General, Piraeus, Eurobank.
  • In Russia: Kedr Bank
  • In Romania : Commercial, Alpha, Citibank, Marfin, Eurobank (BankPost), ATE Bank, Millennium, Piraeus. Interest rates fluctuate in the Romanian Greek levels
  • In England : Alpha, Citibank, HSBC, Cyprus, Eurobank, Emporiki, Marfin, National, Piraeus

Since opening an account abroad is unusual request, often by officials in Greece do not know the process and will require some perseverance. Natural barriers to serving the local banks to avoid losing precious liquid. With some phones in the shop of the country or even in email can be found by the procedure. To open an account remotely sometimes there are sunk costs, eg The Kedr charged 65 euros.

When you transfer money abroad no charge for remittances. Is usually .15% to 0.30% of the amount, with a few (5-10 million) and maximum (100-300 euros). Eg Bank of Cyprus can tell you that in order to transfer 100,000 euros from Greece to Cyprus they want 120 euros. But there are ways to transfer have a much lower cost and no such can every day to send free Euro 8000 via the Onebank . The destination store usually gives the best solutions.
If there is an internet banking you pay considerably less, eg Alpha Bank is 0.30 euros in EU and 10 euros for non-EU but the costs of foreign banks. The system of Piraeus Online for amounts of around 10,000 euros charged around 5 euro.

As for the taxation of interest, residents of Greece should give themselves a 10% interest in the Greek tax authorities, in the month following receipt of interest. They may seek exemption from the withholding tax process in the state are deposits. Excluding Belgium, Luxembourg, Austria, Switzerland, Andorra, Monaco, Liechtenstein and San Marino, Andorra, British Virgin Islands, Guernsey, the Isle of Man, the Netherlands Antilles, Jersey, the Turk and Caicos. In some of these countries apply a transitional period during which interest is tax deduction (20% -35%) in a foreign country and that amount (75%) will be given to country of origin of the applicant.

Opening this section of the site presents the time deposit interest rates in Romania. This is a country in the hands of the IMF over a year, so it has many similarities to Greece. The deposits are guaranteed by the Romanian Deposit Guarantee Fund up to the equivalent in LEI of EUR 50,000. If the bank is based in an EU country you can choose to be covered by the guarantee of origin.

Compare deposits in three currencies: Euro , Ron (Lei) and USD .

Like all information on the site, deposit our money in a bank abroad is not an investment recommendation or a proposal. The aim is to be aware of the possible choices, but in the end the decision and the burden of responsibility is always ours.

Comments (63)
63 Sunday, 19 October 2014 14:18

Έχω 20000 USD σε δολαριακό λογαριασμό της Εθνικής Τράπεζας.

Μπορώ να τα μεταφέρω σε δολαριακό λογαριασμό που έχω στην Ελβετία μέσω e-banking;

Ή αυτό μπορεί να γίνει μόνο με έμβασμα;

62 Friday, 08 June 2012 16:48
Μαρία Νορβηγία

Εχω ανοιξει νορβηγικό λογαριασμό, αν μεταφέρω τα λεφτα μου στη Νορβηγια με συμφέρει; Θα χασω λεφτα από τη μετατροπή νοκ σε ευρο, οταν θελώ να τα γυρισώ πισω στην Ελλάδα;


61 Wednesday, 04 April 2012 05:05
DIAVAZO DIAVAZO answer any questions ... I did not see .. ie what makes this site? gathering questions (IE STATISTICS) And then chrisimpopoiei (sells for more precise) to nearest bank (THE KALOPLIROTRIES IE) and stays the whole world, ie those who ask, with mouse in hand>;;;;
60 Sunday, 19 February 2012 16:10
Hi, I'd like to ask the following. I am resident in Germany and I have an account with DB and gradually brought here by some ebanking amounts in the range 10.000-20.000 €. In case of transfer of larger amounts (more than the 100,000) subject to taxation resulting in the Occupying even in the case of transfers made gradually? Thank you.
59 Friday, 17 February 2012 21:24
Suppose I have some money in a Greek bank, Piraeus example. Can I transfer to another account but again the Piraeus Bank in Bulgaria (for example)? In case of return to the drachma, and will convert these deposits?
58 Friday, 17 February 2012 17:07
Lylemays # post_2785772 How about that? Is their some appetite out there with the money of depositors frightened Greek?
57 Tuesday, 14 February 2012 17:14
marina v
you could tell me now is the most secure solution for a relatively small amount but I want to preserve; worthwhile to bring them abroad; Or is there room even until the collapse of the banks so I can keep them here .. .;; not really know what to do because all my seems very difficult .... Thank you in advance ....
56 Monday, 06 February 2012 15:43
Ηλεκτρονικο τσιγαρο
Yes yes the easy way to send our money (the non-existent, of course, talking about those who have some) abroad! At least there will probably be saved .. Nice article, however you :))
55 Wednesday, 16 November 2011 14:59
Λαζαρος Κικιδης
The ING offers you the opportunity to take your money in the most powerful banks in Europe plirogories contact the e-mail to arrange an appointment at the company
54 Monday, 14 November 2011 10:28
Good morning! If you open a bank deposit of Germany, I choose to be taxed interest me here instead of Greece?-I am a resident of Greece. If allowed to do, I have to say something in my tax statement to Greece? THANKS
53 Monday, 31 October 2011 23:59
Good evening. I legally save through payroll of my work, around 12,000 euros which I have to Piraeus Bank. Could you enlighten if they return our country to DR what will happen to these deposits; (Will be automatically converted into drachmas and underestimated by the day;) interest in such an amount to make a deposit through webbanking or in some other way to bank abroad to avoid the devaluation; Did metratrepso to another currency; If I take from the bank and I have my hands in euro no difference if you turn the penny; Leave them where they are; Which is what good news today and safer in your opinion; Thanks in advance and I think I'm asking from a large portion of people who have such "small" savings and fear for the worst ...
52 Tuesday, 18 October 2011 19:34
I have my own account abroad and has recently opened and my parents own a tous.Theorisan right to put me syndikaioucho.Echo obligation to justify my own incomes of their own testimony, because I am co-owner;
51 Monday, 17 October 2011 22:51
kalispera sas ... ehw ena poso 20000 evrw stin ethniki trapeza. ta eiha kleista kai methavrio teleiwnei to programma pou eiha .. to sigouro einai oti de tha ta ksanakleisw .. to thema mou einai ti na ta kanw? na ta kanw sinalagma se dollaria kai na ta apotamiefsw se trapeza stin ellada? (Mporw na to kanw?) I na ta steilw sto ekswteriko px trapeza kuprou stin kupro? sas efharistw poli ek twn proterwn ...
50 Monday, 26 September 2011 01:38
Αντριάνα Παπαδοπούλου
Good evening. I'm thinking very seriously to go the few economies that have a bank in Switzerland. This concerns me too seriously is this: the money that I have are legitimate but I would rather have them anonymously there, so you pay tax at 35% interest of which a piece will be given by the Swiss in the Greek state. Do you know if anonymity is something illegal in Greece; Why terrorize our daily from TV, newspapers that those who have money abroad, especially in Switzerland and especially which are anonymous, they will get from 15% to 40% of the amount. This is absurd; Since I have no lawful right where I want to have anonymous abroad to do this;
49 Tuesday, 20 September 2011 23:37
an katatheso 35 xiliades s opoia dipote trapeza peripou poso t xrono tha vgeno kerdismenos>? mporei kapoios na m apantisei??
48 Thursday, 15 September 2011 19:33
Today, Greek shop in Liberty Square in Thessaloniki, I was told that the programs super plus 12 and a monthly income of 12 to 18 do not apply anymore, and our website continues to indicate that it is available as 30/9/2011. .. Moreover, interest rates in Cyprus are up 3.5% taking into account the costs of satellite and maintaining accounts / me ... For Privat let us know someone ... It's okay bank and if so, what the correspondents in Greece ...
47 Wednesday, 24 August 2011 16:44
kalispera.tha like to ask if you know if any bank in GREECE cooperate with any bank in Ukraine. for deposit in GREECE and an analysis there, and vice versa. Thank
46 Thursday, 07 July 2011 10:41
Regarding the tax return the interest on monies held overseas is the prohibition on double taxation? Ie when something is taxed in a country member of the EU normally under the existing contract between the countries, may not be taxed in Greece. Ie If someone has such account in Germany and is withheld from interest therein may not be withholding tax in Greece, so the owner does not owe anything on Greek state. This is so or not applicable to deposits?
45 Thursday, 23 June 2011 18:53
Χαχλιούτης Ακης
good morning. Could someone tell me and I respond to my e-intl. If someone sends me money from abroad for investment, what happens; Tachrimata sent by bank transfer, which mentions the legality of money and that eligible persons will be me. What is the process of taxation; Thank SAE efcharitsdo
44 Monday, 23 May 2011 12:10
Hello, may I ask what applies to deposits in foreign banks (HSBC, etc.) found in Greece in case of bankruptcy; The same with Greek banks; Thanks.