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The Bank Information for Clients
General Transaction Terms

The Bank Information for Clients
General Transaction Terms

In application of Articles 9 through 14 of Law 4465/2017 (Government Gazette, Series I, No 47/4.5.17), clients may switch payment accounts from one credit institution to another, of their own choice. The account switching service concerns payment accounts used for payments and recurring orders (e.g. payment of salary or pension, standing order for the payment of bills, etc.). The procedure is simple. The client must visit the new credit institution and sign an authorisation by which he/she authorises the institution to take all actions required for switching the client’s payment account.