Mar 19 • 18:28 UTC 🇬🇷 Greece Naftemporiki

M. Apostolaki talks about 'new charges for depositors', banks deny it

Greek MP Milena Apostolaki warns of potential new monthly charges for basic bank accounts, while banks deny these claims and seek to reassure small depositors.

Milena Apostolaki, a member of the Greek parliament from the Movement for Change (PASOK), has raised concerns regarding the introduction of monthly charges for maintaining basic bank accounts. In a recent parliamentary question directed at the Minister of National Economy and Finance, Kyriakos Pierrakakis, she pointed out that banks appear to be gradually implementing fees of 60 to 80 cents per basic account package. Although these amounts may seem insignificant on an individual basis, when applied on a larger scale, they could result in a consistent revenue stream for the banks and create a new normal where even maintaining an account for receiving wages or pensions incurs a cost.

In her inquiry, Apostolaki suggested that banks may be utilizing misleading announcements to justify this shift towards what they term 'basic account packages'. She emphasized that such moves could serve as a loophole that not only imposes additional costs on citizens but also potentially normalizes the concept of charging customers for basic account maintenance. Her concerns resonate with many Greeks, particularly during a time of economic uncertainty, where every cent counts for low-income households.

In response to the allegations, Greek banks have swiftly denied any plans to introduce new charges. They aim to reassure depositors by stating that essential banking services remain free and that any proposed changes would be communicated transparently. The disagreement between lawmakers and banks raises questions about transparency in the financial system and the ongoing trust between citizens and their banking institutions, especially as Greece navigates its economic recovery post-crisis.

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