Laws Effecting Greek Bank Accounts

There is a lot of confusion about this. Any bank accounts in a Greek bank held by Greek-Americans, naturally must be in the name of one person or in the name of more than one person. Greek Law 3638/1932 governs joint accounts in Greek Banks. In case of death of a joint account holder, the surviving joint account holder automatically becomes the owner in the account, in the eyes of the Greek bank. This does not mean that, if you are the surviving account owner you can just call the bank and get your money. Procedures need to be followed including presentation of the Death Certificate and other legalizations before the bank.

Greek bank accounts, subject to deposit guaranties, are regulated by Law 2832/2000, incorporating EC Directive 94/19.