Attica Bank to Eliminate Fees on More Banking Transactions

Attica Bank has announced its decision to eliminate fees on a broader range of banking transactions, building on recent changes introduced in Greece through legislative measures. As the bank stated this move is in response to the needs of its customers, both individuals and businesses.

As announced the following changes will be put in effect starting from Jan. 14, 2025:

The bank will waive all fees on incoming transfers to accounts at Attica Bank and Pancretan Bank. This means that customers, including individuals, freelancers, and small businesses, will incur no charges for receiving funds via bank transfers, regardless of the amount.

In alignment with government initiatives, the bank will extend these fee waivers to include small and medium-sized businesses with annual revenues up to 5 million euros, directly supporting the growth of the small business sector.

Until Dec. 31, 2025, there will be no fees for IRIS payments, a service offered to freelancers and individual businesses for incoming payments via the IRIS system.

Attica Bank emphasized that these changes reflect its commitment to providing competitive and high-quality services, focusing on enhanced customer satisfaction and the expectations of a modern financial institution.

Widespread Changes in Bank Fee Policies Ahead

Recent government measures that set a cap on transfer fees and eliminate charges for bill payments are prompting significant changes in the banking sector’s pricing policies. These changes, expected to be finalized within the next month, will reshape the payments landscape.

The government introduced a bill in Parliament on Thursday setting maximum limits on fees for specific types of transactions, paving the way for adjustments in bank fee structures. Banks will be given a grace period of a few weeks to adapt their systems, with the new fees expected to be in place by mid-Jan.

Source: tovima.com