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2,000-euro cash limit for Greek travelers abroad
Greek travelers will be able to take 2,000 euros (or equivalent in another currency) in cash, but the limit does not apply to foreign nationals.
Shipping companies can make cash withdrawals of up to 50,000 euros per day while abraod. A relevant banking committee can approve a daily limit for withdrawals so that the business needs of different companies can be met.
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Capital Controls in Greece: Get the facts!
The Hellenic Bank Association (HBA) issued guidelines for capital controls in Greece. Here are 10 banking facts that borrowers should bear in mind:
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Greek tricks to bypass capital controls
Since the capital controls stormed into the everyday lives of ordinary Greeks it took us some time to adjust and find our footing. How to go about the mundane tasks of withdrawing some cash to visit the supermarket, or pay the private school for the kids etc. But to paraphrase the saying a little ‘necessity is the mother of inventiveness’.
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Bank ‘holiday’ extended – cap on travelers’ cash reported
Greek banks will remain closed until next Monday, with what comes next being anyone’s guess. The daily withdrawal limit remains at 60 euros per account.
Greek citizens abroad in transit, trapped by capital controls
While the Greek crisis won’t affect tourists, Greeks abroad – either on vacations or studying – are trapped as Greek banks interpret capital controls in different ways.
Greek people face serious cash crisis
Thousands of Greek people are facing a serious cash crisis after the daily cash withdrawal limit from the country's ATMs was restricted to just 60 euros per day and the use of credit cards was frozen until June 7.
The level of the economic crisis being experienced at the moment is beyond what they imagined when they voted in January, electing the radical left coalition of Syriza.
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Tourist alert by 9 countries: Throw credit cards to the Greek wind, but keep your caution!
After talks in Brussels broke down in acrimony, there were recommendations and warnings made by countries to their nationals traveling to Greece.
United States:
Greek Government Assures Foreign Tourists Will be Able to Withdraw Cash
The Greek government assured that foreign tourists staying in the country will be able to withdraw money and make transactions if in possession of a credit card issued in their home country.
According to the information, anyone issued with a credit card in a foreign country will not be affected by the newly imposed measures, which limit bank withdrawals, daily Kathimerini reports.
Referendum announcement has instant impact on tourism
Prime Minister Alexis Tsipras’ announcement for a referendum that puts international creditors’ proposals to voters on July 5 immediately had an impact on transactions taking place on the islands.
Holidaymakers in Greece seek hotel safes to stash cash
Greek resort manager Costas Dimitrokallis?s customers have started asking in recent weeks about an amenity often ignored in an age of online and credit card payments: reliable hotel safes to stash their money.