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Piraeus Bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Piraeus Bank serves Greece-based everyday banking with a free easy-access account, unlimited instant transactions and EU deposit protection. Its weak point is money outside the euro: card exchange costs of 5.31% to 11.11% are among the highest in this set of options, and the account runs in a single market.

Key facts

Best for
Anyone banking in Greece who needs an easy-access account with no monthly or minimum-balance charge.
Deposit protection
EU DGS up to EUR 100,000↗
Currency conversion fee
5.31% to 11.11%↗
Currencies
1↗
Local account details
IBAN↗
Transfer fee
No charge for automatic credit card and loan repayment by standing order↗
Legal entity
Piraeus Bank S.A. (GEMI 157660660000)↗
Headquarters
Greece↗
Founded
1916↗
Support channels
Phone, Email, Help-centre↗
Audience
Students, Business
Features
Joint account
Official website
piraeusbank.gr

Savings

Rate type
Variable↗
Minimum deposit
€0↗
Access terms
Instant access to funds, unlimited banking transactions, no commitment↗
Account kind
Easy access↗

Money transfer

Exchange rate markup
5.31% to 11.11%↗
Payout methods
Bank↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInXappgallery.huawei.com

Pros and cons

Pros

  • No minimum deposit of €0 and no commitment on the easy-access account
  • Unlimited banking transactions with instant access to your money
  • EU deposit protection through the deposit guarantee scheme at EU DGS up to EUR 100,000
  • Support runs on phone, email and help centre with phone, email and a help centre

Cons

  • Card currency exchange costs of 5.31% to 11.11% rank poorly against the site median of 0.5%
  • The account covers a single market with 1 currency available
  • Support runs on phone, email and help centre only, with no live chat listed
Piraeus Bank

Ready to try Piraeus Bank?

Scored 8.9 / 10 by VaultCue.

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Who it suits

  • Greek residents who want everyday spending and instant withdrawals with no commitment
  • Students and small businesses that keep a joint account
  • Anyone paid in euros and spending in Greece

Who should look elsewhere

  • PayPal Colombia, whose card conversion fee is 3% to 4%
  • Skrill, whose conversion fee is 3.99%
  • Paysera, which holds 30 currencies

The company behind it

Piraeus Bank S.A. is a Greek bank founded in 1916 and headquartered in Greece. It serves student and business customers, and its easy-access account carries no minimum deposit. Help is offered by phone, email and a help centre through phone, email and help centre.

How Piraeus Bank compares

Where Piraeus Bank is available

Available
Greece

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Piraeus Bank charge to open an easy-access account?+

There is no minimum deposit, stated as €0, and the easy-access account carries no commitment. Interest is variable under variable, so the rate can move. Banking transactions are unlimited across the account.

Is my money protected at Piraeus Bank?+

Deposits sit inside the EU deposit guarantee scheme, recorded as EU DGS up to EUR 100,000. Because the account is a bank account, the scheme applies to the balance you hold with the bank. A joint account option is also available.

How much does it cost to change currency on a Piraeus Bank card?+

Card exchange costs run at 5.31% to 11.11%, which the bank lists as its conversion charge and margin. That is high next to the 0.5% median across the site. The account holds 1 currency, so euro spending avoids the charge.

Can I withdraw money straight away from the account?+

Yes. The easy-access account gives instant access to funds with no notice period, which is what the easy access label means in practice. A joint account can be opened if more than one person needs access to the same balance.

Who is Piraeus Bank built for?+

The bank lists students and businesses among the audiences it serves. Greek residents keeping a joint account or a simple spending balance fit the easy-access product. Anyone earning in another currency gets little from it.

How do I get help from Piraeus Bank?+

Support runs on phone, email and help centre. That covers phone, email and a help centre, with no live chat listed among the channels. A local IBAN is issued for payments, as shown in iban. Payouts settle to a bank account under bank.

Does Piraeus Bank charge for standing orders and card repayments?+

Automatic credit card and loan repayment by standing order carries no charge. The easy-access account runs unlimited transactions, so regular payments do not eat into a monthly allowance. There is no monthly account charge listed.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Monthly fee, Licence type.

Piraeus Bank

Piraeus Bank

Anyone banking in Greece who needs an easy-access account with no monthly or minimum-balance charge.

8.9/10See alternatives