Alpha Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
Alpha Bank suits people in Greece who want a bank account with deposit protection and can live with a monthly charge. Fees of €0.80 and a currency conversion fee of 3.01% put it behind accounts that cost nothing to hold, so it loses to free options for anyone spending abroad.
Key facts
- Best for
- A Greek bank account with deposit protection for readers who accept a small monthly charge.
- Monthly fee
- €0.80↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currency conversion fee
- 3.01%↗
- Local account details
- IBAN↗
- Free ATM withdrawals
- €1↗
- Transfer fee
- €0.30 to €0.80 for payments to certain companies and organisations↗
- Legal entity
- Alpha Bank A.E.↗
- Headquarters
- Greece↗
- Founded
- 1879↗
- Support channels
- Phone, Help-centre↗
- Audience
- Travelers, Business
- Pricing model
- Low FX fees
- Features
- Digital-only
- Official website
- alpha.gr
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- WikidataWikipediaLinkedInXTrustpilot
Pros and cons
Pros
- Deposits sit under EU DGS up to EUR 100,000, with a named bank behind them.
- Online transfers cost €0 and the standard package includes €1 free at cash machines.
- An established bank, founded in 1879 and supervised by the Bank of Greece.
- Payouts go to a bank account and local details come from iban, which keeps euro payments simple.
Cons
- A monthly fee of €0.80 puts it among the costlier everyday accounts, against a site median of €0.
- The currency conversion fee of 3.01% ranks 286 of 312, well above a site median of 0.5%.
- Support runs on phone and help centre only, so written questions have to go through the help centre.
Who it suits
- People in Greece who want a bank account with deposit protection and do not mind paying €0.80 each month.
- The travelers and business users the bank serves, paying suppliers and receiving income in euro.
- Holders who want €1 free at cash machines and online transfers costing €0.
Who should look elsewhere
- PayPal Colombia, whose monthly fee is $0.
- Plazo ES, whose monthly fee is €0.
- Skrill, whose monthly fee is €0.
Where it sits among rivals
On monthly fee, Alpha Bank sits 403 of 500 brands on the site. Its currency conversion fee ranks 286 of 312. Both positions are well down the list, so on the two measures readers weigh most for an everyday account the bank sits among the costlier options rather than the cheapest.
Who runs it
Alpha Bank is Alpha Bank A.E., headquartered in Greece and founded in 1879, so it is an established domestic bank rather than a new entrant, and it is supervised by the Bank of Greece. Support runs on phone and help centre, so help comes by phone or through the help centre.
How Alpha Bank compares
9.1 vs 8.7
9.1 vs 8.6
9.1 vs 8.0
9.1 vs 8.9
9.1 vs 9.1
9.1 vs 9.2
9.1 vs 8.7
9.1 vs 8.7
9.1 vs 8.7
9.1 vs 9.0Monthly fee of €0, which is lighter than Alpha Bank's charge.
9.1 vs 8.7
9.1 vs 9.5
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 8.9- 9.1 vs 8.9
9.1 vs 8.7
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.4
9.1 vs 8.3
9.1 vs 8.2
9.1 vs 8.1- 9.1 vs 8.1
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 9.1
Where Alpha Bank is available
- Available
- Albania, Cyprus, Greece, Romania, United Kingdom
- Licence in Greece
- Bank of Greece, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does an Alpha Bank account cost each month?+
Alpha Bank charges a monthly fee of €0.80. The site median for this measure is €0, and Alpha Bank ranks 403 of 500 on it. The fee is the first thing to weigh, because most accounts listed cost nothing to hold.
Is money held with Alpha Bank protected?+
Deposits sit under EU DGS up to EUR 100,000, and the account is supervised by the Bank of Greece. Money sits with a supervised bank under a guarantee scheme, which is the main draw for readers who keep a working balance in euro.
How much does Alpha Bank charge to convert currency?+
The currency conversion fee is 3.01%, which ranks 286 of 312 on site against a site median of 0.5%. The bank lists travelers and business as its audience, so the number matters most for anyone paying in another currency.
Can I open the account without visiting a branch?+
The account is digital-only, set up and run through online banking and digital wallets. Payouts go to a bank account, and local payment details come from iban. Cash machine payments to certain companies and organisations carry a separate charge, so everyday banking leans on digital payments rather than a branch relationship.
How much cash can I take out?+
The standard transaction package includes a free cash machine allowance of €1. Online transfers cost €0, while cash machine payments to certain companies and organisations are charged at a published rate of their own. Cash access is part of the account, but only within that allowance.
Who is the Alpha Bank account built for?+
The listed audience is travelers and business. With payouts going to a bank account and details provided by iban, the account fits people who work in euro, receive income into it, or travel and want a local banking relationship. Readers paying in a single currency are the clearest fit.
How do I get help from Alpha Bank?+
Support runs on phone and help centre, meaning a phone line and a help centre. No chat or email route is listed among those channels, so written questions go to the help centre and anything urgent by phone. For an account carrying a small monthly charge, that mix covers the basics.
Sources
- en.wikipedia.org/wiki/Alpha_Bank checked September 26, 2026
Backs: Audience, Founded, Legal entity
“offers a wide range of high-quality financial products and services in the domestic and international market”
- grandpl.com/en/greece/article/the-end-of-free-banking-in-... checked September 26, 2026
Backs: Monthly fee
“Alpha Bank has introduced a basic transaction package with a monthly fee of €0.80”
- myratefx.com/banks/greece/alpha-bank.html checked September 26, 2026
Backs: Currency conversion fee
“publishes a 3.01% foreign-transaction fee on card payments”
- alpha.gr/en/personal/cards/card-news/zero-fx-fees-for-tra... checked September 26, 2026
Backs: Pricing model
“0% FX Fees With Aegean cards”
- alpha.gr/en/personal/logariasmoi/enimerosi-gia-ton-iban checked September 26, 2026
Backs: Local account details
“The IBAN for Alpha Bank in Greece consists of 27 characters”
- alpha.gr/en/retail/myalpha/e-banking checked September 26, 2026
Backs: Features
“Banking from Home with myAlpha Web or myAlpha Mobile”
- alpha.gr/en/retail/myalpha/online-products/myalpha-benefi... checked September 26, 2026
Backs: Free ATM withdrawals
“1 cash withdrawal a month from an ATM of another bank in Greece”
- alpha.gr/en/retail/myalpha/online-transactions-and-digita... checked September 26, 2026
Backs: Payout methods, Fee to send 1,000
“Payments: To banks, organisations, companies and the Greek State”
- alpha.gr/en/retail/support-center checked September 26, 2026
Backs: Support channels
“Upgraded Helpline Services available 24/7 with phone support +302103260000 and Support Centre FAQs”
- alpha.gr/en/retail/support-center/atm checked September 26, 2026
Backs: Transfer fee
“payments to certain companies and organisations may incur a fee of €0.30 to €0.80”
- alpha.gr/en/retail/support-center/legal-and-regulatory-fr... checked September 26, 2026
Backs: Deposit protection, Licences
- amcham.gr/amchamgr-members/alpha-bank-a-e checked September 26, 2026
Backs: Headquarters
“40 Stadiou Street, 102 52 ATHENS”
Compiled from 12 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currencies.
Related by the facts
Guides
Alpha Bank
A Greek bank account with deposit protection for readers who accept a small monthly charge.