Greece to re-open bank branches for pensioners without cards | business | Hindustan Times
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Greece to re-open bank branches for pensioners without cards

As the debt crisis continues, Greece will reopen 1,000 bank branches from Wednesday until the end of the week to cater for pensioners who do not use cash cards for automated teller machines, the finance ministry said on Tuesday.

business Updated: Jun 30, 2015 12:12 IST
Dozens-of-pensioners-line-up-outside-a-branch-of-the-National-Bank-of-Greece-hoping-to-get-their-pensions-in-Athens-Greece-closed-its-banks-and-imposed-capital-controls-on-Sunday-to-check-the-growing-strains-on-its-crippled-financial-system-bringing-the-prospect-of-being-forced-out-of-the-euro-into-plain-sight--Reuters
Dozens-of-pensioners-line-up-outside-a-branch-of-the-National-Bank-of-Greece-hoping-to-get-their-pensions-in-Athens-Greece-closed-its-banks-and-imposed-capital-controls-on-Sunday-to-check-the-growing-strains-on-its-crippled-financial-system-bringing-the-prospect-of-being-forced-out-of-the-euro-into-plain-sight--Reuters

As the debt crisis continues, Greece will reopen 1,000 bank branches from Wednesday until the end of the week to cater for pensioners who do not use cash cards for automated teller machines, the finance ministry said on Tuesday.

Banks are expected to remain closed for other purposes until July 6, as part of capital controls imposed this week to prevent a collapse of the banking system after the European Central Bank froze financial support needed to keep the banks afloat.

Although ATMs were re-opened on Monday afternoon, many older people who do not use debit or credit cards were unable to collect their pensions.

Pensioners will each be able to withdraw up to 120 euros this week.

The finance ministry reiterated assurances that bank deposits would remain safe after Sunday's referendum on the terms of a bailout agreement with foreign lenders which the government has rejected.