Visa Europe – update on Greece: „we continue to work with the authorities to minimise disruption to consumers”

The Greek government has published a “Decree” that confirms that Greek banks will be closed from 29 June and will re-open Tuesday 7 July. Capital controls will be imposed until 7 July, meaning the amount of money people can withdraw from banks will be restricted.

ATM restrictions:
Greek cardholders. ATM cash withdrawals will be limited to €60 a day for this period.
Non Greek cardholders. The €60 restriction on withdrawals does not apply to holders of foreign bank cards. For non-Greek card holders this means that credit and bank cards issued abroad can be used at ATMs, within their usual bank limits.

„Visa’s card payments system continues to work as normal and your card should still be accepted at Point-of-Sale (shops, restaurants etc). We continue to work with the authorities to minimise disruption to consumers.”, according to a press release.

As a consumer advice for Greek card holders, Visa Europe says that „Some shops continue to offer Visa cash-back services to Greek card holders”. For the non Greek cardholders, Visa Europe added: „Anyone experiencing problems should contact their bank, which may be able to arrange for an electronic cash transfer to a bureau de change, hotel or a money transfer entity, although a fee may be applied.”