FAQs For Greek Bank Customers.

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Ireland's Central Bank during Occupy. (Paul Reynolds)

Ireland’s Central Bank during Occupy. (Paul Reynolds)

For those wondering what the Troika’s attack on Greece means for the average Greek punter, here’s a handy guide.

The Greek banks will be shut from Monday 19th June 2015 to Monday 6th July, inclusive.

WHAT DOES A BANK HOLIDAY MEAN? It means the banks will shut down for a few days.

WHEN WILL BANKS OPEN AGAIN? Banks will reopen on Tuesday, July 7.

IS THERE A POSSIBILITY THAT I MAY LOSE PART OR ALL OF MY DEPOSITS? Deposits are guaranteed. Greek banks are reliable and have recently passed evaluations of the European Central Bank successfully.

AS LONG AS THE HOLIDAY LASTS, WILL ATMs OPERATE? ATMs will open the latest by midday Monday (June 29), and will remain open during the short duration of the bank holiday.

HOW MUCH MONEY WILL I BE ABLE TO WITHDRAW FROM AN ATM? The daily limit is 60 euros per card.

IF ONE CARD IS LINKED TO SEVERAL ACCOUNTS, WHAT HAPPENS? All cards with linked accounts have a 60-euro-per-day limit.

IF A BANK ACCOUNT HAS SEVERAL HOLDERS LISTED, WHAT HAPPENS? In bank accounts with several owners/holders, the daily limit is 60 euros per holder card. For example, if a bank account has two owners, each of whom has a card, the daily limit is 60 euros per card, or 120 euros for the account.

IF AN ACCOUNT HAS ONE OWNER BUT SEVERAL LINKED ATM CARDS, WHAT HAPPENS? In that case, the daily limit of 60 euros relates to all the cards together. For example, if a bank account has one owner and two linked cards, the daily limit is 60 euros for both cards.

CAN I WITHDRAW CASH WITH MY CREDIT CARD? A credit card can be used to withdraw a maximum of the daily limit (60 euros). Added to this transaction will be the interest rate and fee that the card-issuing bank’s agreement sets out.

WILL I BE ABLE TO DRAW AN OVERDRAFT FROM A CHECKING ACCOUNT OR A CONSUMER LOAN ACCOUNT? Overdrafts can be carried out based on the daily limit as long as the contract with the bank allows it.

WILL I BE ABLE TO USE MY CREDIT OR DEBIT CARD FOR PURCHASES? Credit and debit cards will be usable as normal for purchases within Greece, up to the limit given by the bank contract.

WILL I BE ABLE TO USE MY CREDIT OR DEBIT CARD FOR PURCHASES ON THE INTERNET? Credit and debit cards will be usable as normal for purchases online at electronic stores that have an account in a Greek bank.

WILL I BE ABLE TO PAY WITH A PREPAID CARD? Payments with prepaid cards will be carried out, under the limit they had prior to this regulation. Prepaid cards cannot be recharged, nor can new ones be issued.

WILL I BE ABLE TO TRANSFER FUNDS THROUGH INTERNET/WEB BANKING OR PHONE BANKING? Transfers of funds through the Internet or by phone will be carried out as normal as long as the account to which funds are transferred is in Greece.

CAN I MAKE PAYMENTS THROUGH INTERNET/WEB BANKING OR PHONE BANKING? Payments through the Internet or by phone will be carried out as normal with no restrictions as long as the account to which the payment is made is in Greece.

WHAT HAPPENS WITH REOCCURRING PAYMENTS (UTILITY BILLS, LOAN, RENTS)? These will be carried out as normal, as long as they relate to accounts in Greece.

CAN I MAKE INTERBANK PAYMENTS? Interbank payments are carried out as normal, as long as they are within Greece.

WHAT HAPPENS IF I CAN’T PAY MY BILLS/THE TAX SERVICE/MY LOAN INSTALLMENTS, ETC.? These payments can be made electronically through web banking, phone banking, or ATMs. In any case, if the payments are not made, there will be no interest/fees levelled.

IF THERE ARE DELAYS IN ARRANGED PAYMENTS IN INSTALLMENTS TO THE STATE OR BANKS, WILL I FORFEIT THE ARRANGEMENT? These payments can be made electronically through web banking, phone banking, or ATMs. In any case, if payment is not made, there will be no forfeiture of the arrangement.

AM I IN DANGER OF LOSING MY INSURANCE CONTRACT (CAR, HEALTH INSURANCE)? These payments can be made electronically through web banking, phone banking, or ATMs.

HOW WILL I BE ABLE TO SEND A CHECQUE ABROAD (TO STUDENTS, OR MONEY FOR HEALTH REASONS)? In this case, you need to address yourself to the Committee of Bank Transaction Approvals, at the State’s General Accounting Office.

CAN CREDIT CARDS OF FOREIGN BANKS BE USED AS NORMAL? Debit and credit cards of foreign banks can be used as normal, as long as they have been issued abroad. Debit and credit cards of foreign banks issued in Greece come under the same rule as those of Greek banks.

WILL PENSIONS BE ISSUED AS NORMAL? WILL I BE ABLE TO GET MY MONEY? Pensions will be credited to accounts as normal. Withdrawals will be carried out on the basis of the daily limit.

WILL WAGES BE PAID OUT AS NORMAL? Yes, as long as the employer makes payments electronically.

(h/t to Damian; source SigmaLive)

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