Compare Business Banking in Greece

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What is business banking in Greece?

Business banking covers the accounts and services companies and self-employed professionals (ελεύθεροι επαγγελματίες) use to run their finances — a business current account with an IBAN, card acceptance and POS terminals, payroll and supplier payments, and access to credit. In Greece it links closely to tax obligations through TAXISnet and myDATA e-invoicing, so integration with accounting matters as much as the account itself.

How the Greek market works

The four systemic banks — Alpha Bank, Piraeus Bank, National Bank of Greece and Eurobank — dominate business banking, offering everything from sole-trader accounts to corporate lending, trade finance and POS acquiring. Smaller banks like Attica Bank and Optima Bank court SMEs, and fintechs such as Revolut Business and Wise provide multi-currency accounts and low-cost international payments popular with exporters, tourism operators and digital businesses. Card acceptance is essential given Greece's push toward electronic transactions and the myDATA reporting framework. Many providers offer tiered plans that scale transaction allowances and features, so matching the tier to your monthly activity avoids paying for capacity you do not use.

Benefits

Separation of finances — keeping business and personal money apart simplifies bookkeeping and tax reporting.

Payment acceptance — POS terminals and online payment links let you take card payments from tourists and locals.

Multi-currency reach — fintech business accounts ease cross-border invoicing for exporters and tourism firms.

Access to credit — overdrafts, business loans and EU-backed financing support cash flow and investment.

Accounting integration — links to Greek bookkeeping and myDATA e-invoicing streamline tax reporting.

How to choose

Weigh monthly account fees against the transaction, POS and international-payment charges your business will actually incur. If you take card payments, compare acquiring fees and settlement times. Exporters and importers should prioritise multi-currency accounts and transfer costs. Check integration with Greek accounting and myDATA, lending appetite for your sector, and the quality of relationship support. Many businesses use a Greek bank for local operations plus a fintech for international payments.

Leading providers in Greece

Alpha Bank, Piraeus Bank, National Bank of Greece and Eurobank provide full-service business banking with lending and POS acquiring. Attica Bank and Optima Bank target SMEs with tailored packages. Revolut Business and Wise cover low-cost, multi-currency international payments favoured by smaller and digitally focused firms.

What it costs

Business account monthly fees typically run from €0 on basic fintech tiers up to around €45 for fuller business packages, plus per-transaction, POS acquiring and international-payment charges. Lending is priced by interest rate and arrangement fees. Tiered plans scale features with your transaction volume, so match the plan to activity. POS acquiring is usually priced as a percentage of each card sale plus a terminal rental, so estimate your card turnover before signing, and factor in settlement timing for cash flow.

Protections and regulation

Banks are supervised by the Bank of Greece and the ECB. Business deposits at licensed banks are covered by the Hellenic Deposit and Investment Guarantee Fund (TEKE) up to €100,000 per depositor, per bank, subject to eligibility rules for company accounts. Payment services follow EU rules, and card acceptance must meet PCI security standards.

Common questions

Can a sole trader open a business account? Yes — ελεύθεροι επαγγελματίες are well served, though documentation of your activity is required. Do I need a Greek bank for POS? Local acquiring is common, but several providers and independent POS options exist. Are business deposits guaranteed? Eligible company deposits are TEKE-covered to €100,000 per bank. Should I use a fintech too? Many firms pair a Greek bank with Revolut Business or Wise for cheaper international payments. How fast can I open a business account? Timescales vary with documentation; sole traders are often quicker than companies needing full incorporation papers.

Business Banking in Greece — FAQ