If you are planning to relocate to Greece or purchase property in the country, it is essential to have a local bank account. In the past, opening a new bank account in Greece was a challenging task due to strict regulations in the banking sector. However, as the Greek economy has improved, these restrictions have been eased, and the process of opening a bank account in Greece is now straightforward.

Step 1: Get Your AFM number (Greek Tax Number)

To open a bank account in Greece, there are several steps you need to follow, starting with obtaining your AFM number (Arithmo Forologiko Mitro). This is a nine-digit tax number that is required for various activities in Greece, including opening a bank account. You can obtain your AFM number by visiting a tax office in Greece.

Step 2: Choose the Bank You Want to Work With

There are both national and international banks that operate in Greece. Below is a list of some banks in Greece:

  • Piraeus Bank
  • Alpha Bank
  • National Bank of Greece
  • Eurobank
  • HSBC

Step 3: Required Documents

To open a bank account in Greece, you will be required to present certain documents to the bank. The specific documents needed may vary depending on the bank, but generally, the following are required:

  • A valid passport
  • Proof of address, which can typically be a utility bill
  • Your AFM number (Greek Tax Number)
  • Tax returns from your previous country of residence
  • Proof of income such as pay slips or a letter from your employer
  • In some cases, customers may also be asked to sign a statement confirming that the account is for personal use and not for business purposes.

It is important to note that these documents must be certified by the Greek Consulate in your country of residence. We recommend contacting the bank in advance to confirm the specific requirements and to ensure a smooth and efficient account opening process.

Step 4: Visit the Bank

To open a bank account, you should visit the branch of your preferred bank and complete and sign some necessary forms. This process generally takes no longer than an hour. Keep in mind that some banks may require you to deposit a minimum amount to activate the account, but this requirement may not apply to all banks.