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ADVICE #252

How to open an account in Greece?

To open a Greek Bank account is quite easy. However, before that, the alien will need to get the local equivalent of individual tax numbers - Arithmo Forologiko Mitro or AFM. Receipt of this document does not require a residence permit - just enough to show the passport and birth certificate at the nearest branch of the tax service of Greece.

Those who at the time of opening the account has not yet managed to receive resident status will need to gather the documents. In addition to the above-mentioned AFM will need a valid passport, paid utility bills, confirming the fact of residing in Greece, a current Bank statement from the applicant and proof of a clean credit history. The minimum deposit required by the Bank, can reach 300 Euro. However, most banks enough and 150 Euro. The account opening process takes from one to seven business days.

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