Reactions caused her movements Piraeus Bank For cash withdrawals from hundreds ATMwhich have been done so far at no cost, and are now charged with more than 2 euros per transaction.
The reason for this movement, as said, was the sale to a private company by Piraeus Bank of the points to which 850 ATMS belonged. This sudden change surprised the citizens.
After the wave of reactions, the Bank issued a statement clarifying the transfer of part of its network to Printec (Cashflex’s mother) and the new customer service framework.
The announcement in detail:
Following the Piraeus Bank Press Release from 22.05.25 for the sale of its subsidiary of the company that owned the offsite ATMs (offsite) at PRINTEC CASH NETWORK SA (“PRINTECH”), Piraeus clarifies the following:
- Piraeus operates, after the above transfer, the second largest ATM network in the country with 1,300 units, ensuring adequate geographical coverage nationwide
- The 820 ATMs transferred to Printec’s subsidiary, Cashflex, came from the gathering of the banking industry in the previous decade, as Piraeus absorbed more than 10 banking entities in Greece
- Piraeus ‘charge for its customer withdrawals on third -party networks (Cashflex’ compact) is 0.60 minutes per transaction. Piraeus proceeds directly to it to 0.50 minutes per transaction, the lowest of the market. Piraeus ATM pricing policy is free for its customers and remains unchanged for third -party customers. Customers’ service becomes firmly with care and attention
- The cost of withdrawal to Cashflex’s ATM network (1.50 euros per transaction) is the lowest of the market, with zero debit for balance question and security code management
- Respecting the needs of the customer base during the crisis, Piraeus maintained this excess network for more than 10 years, burdening the costs of technology, guard and maintenance.
- Piraeus maintains a minority rate of 19.9% in Cashflex, contributing to know -how and experience in the new Greek -owned figure amid international competition in the non -bank offsite ATM industry.
- Piraeus is operating today and will remain with the largest natural network of 370 stores nationwide, 30% higher than the average network in the Greek market.