If you're expanding your business overseas in Europe, you may need to establish an account at a bank in Greece. Greek banking is responding to a new way of doing business that is more efficient. You'll benefit from a stable form of currency, with the euro established as the common currency of Greece and other European countries. The new Single Euro Payments Area (SEPA) is a way for the 12 member countries of the Eurosystem to mount an effective campaign to simplify non-cash transactions.

Banks in Greece offer the same variety of services you can expect in the United States, including personal banking, small business and corporate banking and investment products. When looking to do business at a Greek bank, think about the following.

1. Look for international banks in Greece. You may be able to open up an account in Greece with the same bank you use stateside.

2. Make sure you understand the euro and how it compares to the dollar.

3. Find out how SEPA will affect your particular business.

Action Steps
The best contacts and resources to help you get it done

Get the financing you need at a Greece bank

Banks of Greece place a high priority on their business customers, and strengthening the country through helping trade succeed. If you're looking for financing for a project, prepare your carefully and be as professional as you can when making your proposal. Be as thorough as possible, and notify partners that the bank may contact them for information as well. Find out in advance what environmental impact your project may have because the bank will monitor your activity.

I recommend: The Black Sea Trade and Development Bank can help you finance your business project, but be prepared to present a formal business proposal to bank personnel.

Do your business at the biggest Greek bank

You may feel better knowing that your money is in a Greece banking institution that is a giant among banks. Look for the same services you would expect in the United States, plus products for niche markets and a high degree of social responsibility.

I recommend: The National Bank of Greece offers loans and other services to any size of business.

Choose a bank in Greece that you recognize and trust

Banks of Greece also recognize the different types of businesses that are out there. They recognize that a corporation banking in Greece will have different needs than a freelance person. Another big difference is that banks in Greece will have a personal banker actually meet with you at your place of business, and actively pursue a personal relationship with the customer.

I recommend: Citibank International is a global bank in Greece which is well-known in the states. Their Greece bank provides the familiar name you're looking for plus a modern approach to banking. With 20 locations in Athens plus a presence in many other cities, you can easily find branches and ATMs.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  You may be pleasantly surprised to find that it's easy to communicate with Greek banks, as they make an effort to have materials printed in both Greek and English.