Best Bank to Open an International Banking Account in Greece11 min read

Best Bank to Open an International Banking Account in Greece11 min read

The Greek banking system offers opportunities for international banking clients seeking to open banking accounts and conduct cross-border financial transactions. However, navigating the options as a non-resident can feel complex. 

This guide explores how The Kingdom Bank provides a simpler approach for international banking needs in Greece.

Many banks in Greece serve domestic clients well but come with obstacles for those abroad. Regulations can be strict, documentation burdensome, and digital access limited. 

The Kingdom Bank removes these barriers through fully digital international banking services available worldwide.

Licensed in the Commonwealth of Dominica, The Kingdom Bank enables secure international banking transactions via its online and mobile platform. 

Clients gain banking privileges without regard for location. Interested in opening an international bank account to manage finances associated with property purchases or business ventures in Greece? 

Look no further than The Kingdom Bank.

Opening an International Banking Account in Greece

Opening an international banking account in Greece through The Kingdom Bank follows straightforward steps. First, visit The Kingdom Bank and create an account profile with basic identity and address details. No need for physical documentation or meetings—everything takes place digitally.

Next, fund the account through a bank wire transfer or cryptocurrency deposit. The Kingdom Bank accepts 50 major currencies and several cryptocurrencies, so money movement faces few limitations. Minimum opening deposits apply but remain reasonable depending on account type.

Upon receipt of funds, The Kingdom Bank account activates instantly for worldwide use. Clients gain full access to features like bill payment, money transfers, debit card spending, investment trading, and more—all managed via the secure online banking portal or mobile app. No restrictions apply based on location or citizenship status.

How Do I Open My International Banking Account in Greece?

Opening your The Kingdom Bank international banking account in Greece provides the foundation for managing finances associated with Greece.

However, some additional steps aid the experience:

• Obtain an AFM number. This Greek tax identification serves as proof of fiscal standing and opens doors for activities like property ownership. Acquire the AFM from a Greek tax office before account setup.
• Understand basic banking regulations. Know obligations for reporting cash transactions over certain thresholds or capital controls that could impact money movement in rare situations. Staying informed eases compliance.
• Prepare documentation. Keep passport and address verification on hand electronically in case needed to meet Know Your Customer standards or validate identity for high-value transactions.
• Learn the language, at least the basics. While English serves well in many cosmopolitan Greek settings, conversational Greek aids navigation and builds better local relationships.

With an international bank account and familiarity with general practices, managing finances associated with Greece becomes far more seamless regardless of physical location. The Kingdom Bank removes traditional barriers that complicate cross-border banking.

Sending Money with an International Banking Account Opened in Greece

Your The Kingdom Bank international banking account allows seamless fund transfers globally, including to and from Greece.

A few preferred methods include:

• SEPA transfers within Europe. Send euros between The Kingdom Bank and Greek bank accounts usually within one business day at low cost. SEPA standards ease transfers between EU nations.
• SWIFT transfers worldwide. Wire money internationally, like to a Greek account, typically arriving next business day. Fees vary by currency but remain competitive versus traditional banking.
• Cryptocurrency options. Withdraw euros from The Kingdom Bank onto a Greek exchange account almost instantly by transferring cryptocurrencies that may complete within minutes for minimal fees. Consider Bitcoin or Ethereum for swift international settlement.
• Debit card payments. Use The Kingdom Bank Mastercard to withdraw cash from Greek ATMs without fees or make in-person payments at merchants by electronically transferring euros from the international bank account.

Whether receiving rent payments from abroad, purchasing property in Greece or replenishing a local business account, moving money proves effortless through The Kingdom Bank with no physical borders to cross. International clients gain fast, affordable access to Greek financial markets.

Can I Use My International Banking Account in Greece?

Opening an international banking account gives The Kingdom Bank clients full capacity to utilize finances for needs that arise in Greece.

A few valuable uses include:

• Paying Bills: Settle utilities, loans, rental obligations, and other invoices associated with Greek addresses or service providers directly from the online account portal.
• Receiving Income: Instruct international employers, property tenants, or investment counterparties to deposit earnings to The Kingdom Bank account for swift access and management from anywhere.
• Spending: Swipe the Mastercard debit card in-store or withdraw cash from local ATMs while traveling to access account funds conveniently while visiting Greece.
• Property Transactions: Transfer down payments, mortgage payments, and other real estate deal funds effortlessly through the international bank account during purchase, sale or refinance of Greek real estate holdings without overseas barriers.
• Investment Management: Use integrated trading software to buy and sell popular Greek stocks and bonds or manage portfolios directly from The Kingdom Bank dashboard while leveraging 24/7 international banking services.

Wherever life’s adventures lead, The Kingdom Bank customers face no restrictions on putting their global international banking accounts to use across European borders like in Greece. Smart financial management awaits.

Required Documents to Open an International Banking Account in Greece

Opening an international banking account through The Kingdom Bank requires straightforward online submission of basic identity documents for security purposes. However, to seamlessly conduct associated financial activities in Greece, understanding certain additional record requirements proves handy.

Here are a few important documents:

• Passport: Submitted electronically during account signup for identity verification by The Kingdom Bank as per international Know Your Customer standards. Kept securely on file.
• AFM Number: The all-important Greek tax identification number enables activities like property ownership and local investments that utilize an international bank account. Acquire from the Greek tax office in advance.
• Address Verification: Bank may request recent utility bill, rental agreement or similar verifying primary residence details during high-risk transactions for added confirmation.
• Incorporation Certs: For business account holders, provide formation documents verifying entity ownership and operations if associated activities involve corporate structures in Greece.

Keeping digital copies of relevant IDs, residence proofs, tax certifications and others atop the streamlined The Kingdom Bank onboarding makes international banking truly seamless regardless of proximity to Greece.

The Kingdom Bank provides a portal for clients worldwide seeking easy access to the Greek financial system and opportunities therein. By opening an international banking account through our fully digital platform, barriers to cross-border banking dissolve. Interested in simplifying finances associated with Greece? The Kingdom Bank offers a prudent solution deserving consideration.