Greek Government: banks will open on Monday – Financial Journal

Expansion / EFE

The accompanying Greek Finance Minister, Dimitris Mardas, today announced that banks will open on Monday and allow a series of operations so far restricted.

In an interview on private television Skai, Mardas explained that the opening of banks does not imply the lifting of all restrictions, since the limit of cash withdrawal through ATMs will remain 60 daily euros. The corralito that lasted nineteen days.

Instead, citizens will have access to term deposits, that is, may cancel an account of this type and use part or all of the money for payments transactions electronic or stop, only if they are within the same entity.

They may also be cashing checks, in particular, from today will pay those who matured during ten working days have been banks closed.

The payment by check is very common in the Greek trade, which during this time of closing of the entities could not deposit the money in the accounts.

Parents who have children studying abroad can send them up to 5,000 euros per quarter.

“Transactions abroad may take place only with bank cards. If a foreign company does not accept the Greek cards is another issue, but I think from Monday this problem does not exist, “said Mardas.

The deputy minister said that as of Monday, cash withdrawals may be made cumulatively to avoid queues, with a maximum of 300 euros each five business days.

People who have safes in the bank offices also have full access to them.

The Greek banks will remain closed until Sunday, according to the latest decree published Thursday by the Ministry of Finance.

The withdrawal limit is kept at 60 euros a day and 120 euros the maximum weekly for pensioners and the unemployed who have only primer.

In just over a thousand open branches also manage the payment of fees and loans of all kinds, for example debts to the State or public companies, to state pension funds or private insurance.

In addition can be made box office transfers within the same bank, all these operations until Wednesday could only be made electronically.

On the other hand, remain unchanged all limitations on transfers abroad that have not been authorized by a special commission, and commercial operations are limited to necessities.

The decision to extend the corralito came three days after the European Central Bank (ECB) has decided to increase the maximum loan emergency that Greek banks may ask the Bank of Greece in 900 million euros

.