How to open or update a bank account in Greece

If you own, inherit, or plan to acquire property or assets in Greece, you may need to open or reactivate a Greek bank account. Greek banks require valid identification, proof of tax and income details, occupation, and address verification abroad. Learn what documents are needed, how to update an inactive account through power of attorney, and why obtaining a Greek Tax Identification Number (AFM) can simplify the process, even if you are not a Greek resident or taxpayer. Written by attorney Christos Iliopoulos, LL.M.