A new regulation from the Ministry of National Economy and Finance comes into force today, fully abolishing charges for cash withdrawals from ATMs of Greek banks, while also introducing a national maximum charge (cap) of €1.50 for withdrawals made from ATMs operated by third-party providers.
The regulation provides for:
- Zero fees for cash withdrawals between all banks participating in the interbank DIAS system.
- Abolition of charges by third-party providers when there is a direct or indirect shareholding link with the customer’s bank.
- Zero charges by third-party providers in municipal communities where only one ATM operates.
- A cap of €1.50 for withdrawals from ATMs of third-party payment service providers nationwide.
- Free balance enquiries for all cardholders, regardless of bank or ATM provider.
- A flat fee of €0.50 for sending remittances via digital channels (web, mobile, internet banking) by third-party providers, matching banks’ charges.
- Legal provision that no bank may charge its customers for cash withdrawals.
Also read: Cyprus tax revenues hit €7.3 billion in 2023
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Source: ANA-MPA
