New national economy and finance ministry legislation came into force on Monday that fully abolishes all charges for cash withdrawals from the ATMs of Greek banks, while also setting a nationwide cap of 1.5 euros on fees for cash withdrawals from the ATMs of third-party providers.
The new regulation foresees:
-Zero commissions for cash withdrawals between all banks participating in the DIAS interbank system.
-Abolition of fees from third-party providers when there is a direct or indirect shareholder connection with the customer’s bank.
-Zero fees from third-party providers in municipal communities where only one ATM is in operation.
-Cap of 1.50 euros on fees for withdrawals from ATMs of third-party payment service providers nationwide.
-Free balance inquiries for all cardholders, regardless of bank or ATM provider.
-Uniform fee of 0.50 euros for remittances sent via digital channels (web, mobile, internet banking) through third-party providers, matching the fees of banks.
-Legal guarantee that no bank can charge its customers for cash withdrawals.