Greek bank transactions to be affected on April 19 and 22


Greek banks will remain open both on April 19 and 22, as Greek Orthodox Easter falls a week later (April 28), but the services they offer the public will be limited by the shutdown of Target2, the European real-time payment system, the Hellenic Bank Association (HBA) said on Wednesday.

Target2, which processes central and commercial bank payment orders, will go offline on Friday, April 19 and Monday, April 22 in observation of the Catholic and Protestant Easter holidays, HBA said on Wednesday.
 In Greece the European shutdown will also affect credit institutions, branches of foreign credit institutions, investor services and mutual fund companies, among others.

All obligations of these institutions on those two days will be fulfilled on the next business day (Tuesday, April 23), while tax revenue offices and customs offices will accept bank cheques issued on April 23, by order of the Independent Authority of Public Revenue.

Organisations and businesses with automated and payroll payment questions should contact their respective banking institutions for further clarifications.


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