Business banking in Greece how to open an account, fees and options

Snapshot

You can open a business account in Greece with a traditional bank such as National Bank of Greece, Piraeus Bank, Alpha Bank or Eurobank, or with a neobank such as Revolut Business, Wise Business or N26 Business. A Greek company registered with the General Commercial Registry, known as GEMI, an AFM tax number, and identity checks are usually required, as of 26 April 2026.

Can a non resident open: Possible, but usually requires a Greek registered entity, an AFM tax number and anti money laundering checks. Some neobanks offer remote onboarding to eligible businesses. Verify with the provider.
Typical timeline: A few days with some neobanks once registered, or longer with traditional banks that complete more detailed checks, as of 26 April 2026.
Free account available: Yes. N26 Business Standard is advertised at no monthly fee for self employed people and freelancers, as of 26 April 2026.
Most providers: Several business accounts

Fees and features as of 26 April 2026Last reviewed 26 April 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Opening a business account in Greece means choosing between traditional banks and neobanks, then passing identity and business verification. Traditional banks such as National Bank of Greece, Piraeus Bank, Alpha Bank and Eurobank require a GEMI registration, an AFM tax number and proof of the company details. Neobanks such as Revolut Business, Wise Business and N26 Business offer faster online onboarding, though Revolut Business onboards registered companies rather than sole traders, and N26 Business is built for self employed people trading under their own name. Some neobanks issue a foreign IBAN. Figures are shown as of 26 April 2026. Confirm current terms with the provider.

How business banking works in Greece

Greek companies generally need a business account once they are registered with the General Commercial Registry, known as GEMI, and hold an AFM tax number from the tax authority. Several company forms exist, including the private company known as IKE, the limited liability company known as EPE, and the public limited company known as AE, and some forms require a capital deposit into a company account at formation. Traditional banks offer branches, cash handling and full domestic payment features, while neobanks publish lower headline fees and faster online onboarding. The trade offs include cash handling, which traditional banks support and many neobanks do not, and the type of IBAN, since some neobanks issue a foreign IBAN that all SEPA members must accept but that can complicate certain domestic processes. Compare the items your business uses before choosing.

Who can open a business account

Registered Greek companies and self employed people can open a business account. Foreign owners can open too, but usually need a Greek registered entity, an AFM tax number and to clear anti money laundering checks, and non Greek documents normally need an official translation and an apostille or consular legalisation. Revolut Business accepts a range of registered company types but not sole traders, while N26 Business is designed for self employed people and freelancers trading under their own name. Verify the current rules with the provider.

Traditional banks compared with neobanks

Traditional banks such as National Bank of Greece, Piraeus Bank, Alpha Bank and Eurobank offer branches, cash handling, lending and full Greek payment features, with account packages that carry fees and vary by balance and activity. Neobanks such as Revolut Business, Wise Business and N26 Business offer faster setup and lower headline fees, but may limit cash handling and issue a foreign IBAN. Pricing and eligibility differ by provider, so confirm current terms with each one as of 26 April 2026.

Requirements and documents

Most providers ask for the following before they open a business account. Verify with the provider

The company GEMI registration and the AFM tax number, plus the articles of association where relevant.
Identity documents for the directors, authorised signatories and ultimate beneficial owners, with official translation and an apostille for foreign documents.
Proof of the registered address and evidence of the business activity, such as invoices, contracts or a website. Verify the current list with the provider.

How to open an account

Register the company with GEMI and obtain the AFM tax number, then gather identity and company documents.
Choose a provider that fits your needs on cash handling, IBAN type, eligibility and fees, and start the application online or in branch.
Complete identity and business verification, then confirm the current fees and features with the provider before you start using the account.

Compare business accounts available in Greece

These providers accept business customers in Greece. Fees and eligibility shown as of 26 April 2026. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about business banking in Greece

Can a non resident open a business account in Greece?

It is possible, but it usually requires a Greek registered company with an AFM tax number and a GEMI registration, and clearing anti money laundering checks. Foreign documents normally need an official translation and an apostille or consular legalisation. Some neobanks such as Revolut Business and Wise Business offer remote onboarding to eligible Greek registered businesses. Verify the current rules with the provider, as of 26 April 2026. This is general information, not advice.

Is there a free business account in Greece?

N26 Business Standard is advertised at no monthly fee for self employed people and freelancers who trade under their own name, and Wise Business has no monthly fee with a one off opening fee, as of 26 April 2026. Traditional Greek bank packages and company accounts usually carry a fee. Compare the full fee schedule with the provider before applying.

How long does it take to open a business account in Greece?

It can take a few days with some neobanks once your company is registered, or longer with a traditional bank that completes more detailed checks. Forming the company itself with GEMI and obtaining an AFM commonly takes a few weeks. Confirm the current timeline with the provider, as of 26 April 2026.

Do Greek business accounts give a GR IBAN?

Traditional Greek banks such as National Bank of Greece, Piraeus Bank, Alpha Bank and Eurobank issue a Greek IBAN that starts with GR. Some neobanks issue a foreign IBAN, which all SEPA members must accept, though it can complicate certain domestic processes. Verify the IBAN type with the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 26 April 2026. Confirm current terms with the provider before applying.