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Greece crisis: latest money advice for UK holidaymakers

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Written by:
06/07/2015
Millions of British holidaymakers will be heading to Greece over the next few weeks, and as the debt crisis rumbles on, many will be concerned about how it will affect them.

The Greek authorities have introduced restrictions on banking facilities and banks are likely to remain closed until the Greek government is in a position to re-open them

If you’re heading to Greece, here is the latest money advice from the UK government:

  • When travelling outside of the UK, you should take more than one means of payment with you (cash, debit card, credit card).
  • Visitors to Greece should be aware of the possibility that banking services – including credit card processing and servicing of ATMs – throughout Greece could potentially become limited at short notice.
  • The Greek government is limiting withdrawals using cards issued by banks in Greece to €60 per day per account. At this time, you can continue to withdraw up to your usual limit using a card issued outside Greece, as long as the ATM has been replenished.
  • The system for paying with debit and credit cards for retail transactions continues to function.
  • While banks are closed in Greece and some withdrawals are limited, make sure you take sufficient euros in cash to cover the duration of your stay, emergencies, unforeseen circumstances and any unexpected delays. Please take appropriate security precautions against theft.

There are currently no restrictions on taking unspent euros out of Greece at the end of your stay.

Click here for further travel advice on Greece.

 

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