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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.

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Hahalis & Kounoupis, P.C. - Greek Law Group
Phone: 610-628-1336
Toll Free: 877-509-4333
Fax: 610-691-8418

U.S. Offices:
20 East Broad Street 
Bethlehem, PA 18018
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New Jersey
1015 New Durham Road
Edison, NJ 08817
(By appointment only)
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Greece Offices:
18 Valaoritou Street
4th Floor
Athens, 10671
Greece
(By appointment only)
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10 Ermou Street
Thessaloniki, 54625
Greece
(By appointment only)
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Hahalis & Kounoupis, P.C. - Greek Law Group