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Personal Banking

Banking regulations and procedures vary considerably throughout the world. If you do not want to find yourself in awkward situation in your destination country, you better start preparing.

Most Greek banks will help you open a savings account provided you offer them some form of proof for your current address (a phone bills usually does the trick) and proof of your identification. However, for more complex transactions, you should plan ahead.

So, before you leave your home country, you should find out whether banks in your destination country will require any special documentation to accompany your application to open an account, especially any documents that are provided by your home country bank or employer.

It is also a good idea to ask your home country bank, if they have braches at your country of destination. It is obvious that if they do, it will be easier for you to do business. If your home country bank does not have braches at the country of destination, then ask them if they have a correspondent bank in your new location that could provide you with the necessary services.

Arrangements to make before departure

If you wish to maintain the accounts you have at your home country because you have an estate for example or because you receive payment of rent through that account, you need to plan ahead. You may wish to arrange for automatic payment of bills that may come due, such as utilities, and real estate taxes for property that you continue to own in your home country. You might also consider giving a lawyer limited power of attorney for this purpose. Also make sure, you have all contact information available before you leave.

Online banking

Many banks offer access to their services over the Internet. Customers can perform many routine banking tasks from their personal computers in safe online environment. Online banking can be a useful tool to keep track of your accounts back home. But remember that it may be necessary to set up these arrangements before you leave your home country. This could be a useful avenue to explore, if you wish to maintain your home bank account while you are living abroad.

Online banking can also prove helpful in your destination country especially if you are moving to a non-English speaking country. As most banks offer online baniking services in many languages, it will be easier for you to do your translactions online until you adapt to the new environment and get familiarised with the new language.

Of course, the staff in GIAKOUMAKIS Real Estate are always happy to assist. We have a wide network of accredited professional associates to recommend you that will help you in any way.

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