> If the payee has a Greek bank account I suppose? But then it means that if both payer and payee have a n26 bank account and use it in Greece, they don't have to pay this fee anymore, right? So why would they use Greek banks?
Indeed! I think Greek banks are just running on inertia now, they'll soon have to abolish these fees. One thing keeping people from switching was ATM usage (N26 only lets you withdraw for free up to some amount). This was especially since until a few years ago we were pretty much cash-only, but now that we're basically card-only, there's much less incentive to use an ATM.
Ok I see. Yes you're right, needing cash also helps incumbents, ATM operators can also charge whatever they want when you withdraw. Let's hope these fees disappear soon.
Indeed! I think Greek banks are just running on inertia now, they'll soon have to abolish these fees. One thing keeping people from switching was ATM usage (N26 only lets you withdraw for free up to some amount). This was especially since until a few years ago we were pretty much cash-only, but now that we're basically card-only, there's much less incentive to use an ATM.