Need to obtain €40000 cash in Greece

Well, yes, you must do as you see fit. Tell us how it goes?

... books a ticket for Spain. Traveling light ... a cosh and a sack.
 
Besonders said:
Richard, I think I need a Greek tax number to open a Greek bank account. I cannot get a Greek tax number as I am neither employed nor reside here. Greek tax numbers are highly prized at the moment as it is a means to show you are resident in Greece post Brexit and potentially eligible to stay here (Yacht charter employees etc)
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Why would you need to open a Greek bank account? I was thinking that you just go into a Greek bank and arrange an international transfer from your Euro account in the Channel Islands. When I use the cash machine outside the bank I do not have an account ..... I just withdraw the cash in Euros, no questions asked but it would take rather a long time to withdraw that much.

Richard
 
RichardS said:
Why would you need to open a Greek bank account? I was thinking that you just go into a Greek bank and arrange an international transfer from your Euro account in the Channel Islands. When I use the cash machine outside the bank I do not have an account ..... I just withdraw the cash in Euros, no questions asked but it would take rather a long time to withdraw that much.

Richard
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Sorry missed the point, It sounds easy enough but I am not sure if I can just do that in Greece. It's fine at an ATM but have you ever dealt with the bureaucracy in a p
Greek bank. I will make the relevant enquiries and see if that is possible and the costs involved.
 
Besonders said:
Sorry missed the point, It sounds easy enough but I am not sure if I can just do that in Greece. It's fine at an ATM but have you ever dealt with the bureaucracy in a p
Greek bank. I will make the relevant enquiries and see if that is possible and the costs involved.
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If your UK bank is an international player like HSBC... worth a chat with them...
 
Not implying anything beyond the obvious. It's said a fool and his money are soon parted. The guys in Spain may have set you up. However they are in Spain and I could use 40K for a new glass eye and some whiskey.

Marks will often tell their friends all about the wonderful investment / property / clock they have found ... then argue for hours when their loved ones try and dissuade them from parting with money.

How do I know? Read the T shirt.

If you do end up getting rolled in a dark port at night (or similar) can you send us a description? I'm sure we would all enjoy a laugh.
 
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Fatbeard said:
Not implying anything beyond the obvious. It's said a fool and his money are soon parted. The guys in Spain may have set you up. However they are in Spain and I could use 40K for a new glass eye and some whiskey.

Marks will often tell their friends all about the wonderful investment / property / clock they have found ... then argue for hours when their loved ones try and dissuade them from parting with money.

How do I know? Read the T shirt.

If you do end up getting rolled in a dark port at night (or similar) can you send us a description? I'm sure we would all enjoy a laugh.
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You have a wonderful imagination.and so far off the mark. Obviously too much whisky at this time of night for you. I agree about fools and money., but I think you will find my Yorkshire credentials have stood me in good stead for best part of 50yrs
 
Glenlivet said:
Might this boat form part of an estate which is subject to the Greek version of probate? Personally I’d tread carefully.
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That is a valid point. The deceased was not Greek and I am not aware of any other assets he may have had in Greece or elsewhere. There are solicitors acting in this potential sale and I will seek to clarify that point.
 
Irish Rover said:
if it was me and if I really wanted the boat and I was sure the title was legit then I’d open a bank account in Greece, transfer the money plus around 10% to it and then take the 40k out in cash in Greece and pay the guy.
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The whole point is that apparently one cannot take out 40k in cash in Greece.

Pete
 
pvb said:
Greek account holders can't, but what about UK account holders travelling there?
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No idea - but the post I quoted was about withdrawing from a Greek account. Fair point I should have quoted a bit more to include that.

I've never tried withdrawing large sums of money from a bank where I didn't hold an account - even in the UK, let alone another country. Is it something that can generally be arranged?

Pete
 
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I think you would need to talk to your bank were the money is if its in the UK there are more stricter rules about money laundering but you should be able to arrange for your bank to transfer the funds and let the opposite bank know , but there maY be a charge for this , Talk to your bank first before you do anything , money can go missing in the big CLOUD
I Have moved large amounts of cash in the UK and even then it was a nightmare
 
Actually ... this is all very interesting.

How to make an insolvent system, creaking at the seams, look stable to the horde of "investors" or "depositors"?

"Guarantee" their money (as long as it's sat in your banks) and simply make it too difficult to convert it into anything useful, or withdraw it as cash ... eg. Money Laundering Regs.

One word. Zimbabwe.
 
Have you tried Western Union? I think there is a daily limit of 5000. So you may send your money from your country to yourself or the seller, daily to Greece and pick up 5000 a day x 8 days. I dont hink there is something illegal in this but i dont know about the fees.
 
RichardS said:
I have a Lloyds Euro account in the Channel Islands so why not just open one yourself. Then pay in the 40k into Lloyds in the UK before going into a bank in Greece and arranging to withdraw the money in cash. Presumably you would need to give notice etc. You could do it at a cash machine like I do but as the maximum withdrawal seems to be only around 1k per 24 hours, it's going to take you a long time.

Richard
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Open 2 accounts and halve the long time; open 4 accounts and quarter ...
 
prv said:
The whole point is that apparently one cannot take out 40k in cash in Greece.

Pete
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You cannot do it! I have sold two houses in Greece, I was fortunate that I was able to be paid in sterling to a uk bank, the only way I could get the rest of my euros out of Alpha bank was to draw it in dribs and drabs, i was in no rush so it was not a problem, but you cannot walk into a Greek bank and draw a few grand out, the only way it can be done is if you are buying a property through a Greek Lawyer, they have really tightened up.
 
Besonders said:
Firstly I hope this falls within forum rules. If not I will completely understand if it removed. My dilema is that I have been presented with a golden opportunity to purchase a yacht in Greece for a cash only transaction. I do not intend to go into the reasons for the cash only situation except to say that all is legitimate but due to Greek capital controls the seller does not wish to have his money locked in a bank for an indefinable period. I have the legitimate tax paid funds in sterling in my UK bank account. Any ideas on how I can resolve this issue would be appreciated
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Besomders , not sure why you even posted a question like that here ,
I suggest you got to your solicitor explain what you need to do and see if he has contacks that can help you .
I doubt very much if going to find the answer here .
I did have a account in Greece some year back before the new rules and I was able to draw out has much as I like in cash without notice as a non Greek , but I guess things may have change now
 
Why not fly your friend into the UK and pay him in cash here? If the deal is as good as you say, then the cost of a flight to the UK for your friend is negligible.
Then its up to the friend to bring the money back to Greece, not your problem. Whether he opens a UK bank account and transfers to his back in Greece or whatever method of transferring the money, even if he lets it reside in a UK account, it wont be your problem.
Also will be a good way to ensure that everything is above board, if he's willing to come to the UK to be paid, then most likely all good?
 
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