Different Things to Know About Banks in Greece during a Tourist Visit
Charlotte, NC -- (SBWIRE) -- 01/05/2017 -- Greece has borrowed a huge amount of money from other European countries. Strong European economies such as Germany have lent money to the country and this could result in Greece dumping the currency Euro to accept Drachmas.
With such policies prevalent in the country, American tourist to Greece must be aware of certain things about the banks in Greece. With literally no cash in the banks and withdrawal limits on ATMs, tourists are advised to carry more than one form of payment with them while on tour to Greece.
According to the U.S. Embassy in Greece, "American tourists visiting Greece should certainly not rely on any single form of payment: "U.S. citizens are encouraged to carry more than one means of payment (cash, debit cards, credit cards), and make sure to have enough cash on hand to cover emergencies and any unexpected delays."
Most of the banks are over crowded with long queues which can be quite stressful for tourists. There also could be shortage of food, fuel and other essential commodities in Greece due to the present scenario.
Based on the website, "You can load your currency cards with a foreign currency at a pre-agreed exchange rate and use it in shops or at ATMs whilst abroad without incurring commissions or transaction fees. Smaller shops might start to be reluctant to take them, although they are still fully functional. Also remember that Traveller's cheques are not widely accepted so it would not be advisable to rely on them as the only source of payment. Even Western Union, the world's largest money transfer company, now allows transfers into the country but the withdrawal limits from Greek bank accounts still apply."
American tourists are advised to store cash before visiting the country. It is also advisable to use deposit boxes and safes to store money. Splitting the money between family members is another idea to store money safely while travelling to Greece at this time period.
With specific warnings about bank closures issued, American tourists are advised to carry cash and other forms of payment to enjoy their visit to Greece.
To know more about Banks in Greece, please log to the website: http://banksgreece.com/using-greek-banks-as-an-american-tourist
Using Greek banks as an American tourist is explained elaborately in the website. With the country facing money issues, tourists need to be aware of the different scenarios in the banks of Greece.