Financial and Banking Services in Greece: what actually matters to know

EU rules restrict the export of luxury items valued over €300 to Russia. However, if TF is not claimed, there are generally no restrictions on personal item export. Issues typically arise when attempting to claim TF on purchases exceeding €300, particularly for premium brands. Some retailers may deny TF services to Russian citizens. While some individuals have successfully obtained TF on high-value items, this is often done at personal risk. If TF is not requested, exporting personal belongings, even expensive ones, usually proceeds without complications. Be aware that checks can occur both at the point of sale during TF application and at customs.

Mastercard MTBank also reported good performance in May, with minor issues at some retail outlets like Adidas. Confirm whether your card is physical or linked to mobile payment services like Apple Pay, as physical cards generally have broader acceptance.

Traditional bank transfers might be difficult. Consider options like services that facilitate international money transfers, though availability and fees can vary. Alternatively, if physically in Greece, depositing cash directly into a Greek bank account is a possibility, provided you have the necessary account details and identification.

The National Bank of Greece (NBG) accepts any series USD, providing standard rates with a flat commission fee. Exchange limits often apply (e.g., 1000 USD per day). Avoid small local exchange offices as they often impose high commissions or refuse older banknotes.

There might be a daily limit on the amount that can be exchanged (e.g., up to €1000 per day). It is generally more advantageous to carry Euros directly rather than exchanging US dollars.