As the uncertain financial situation in Greece continues to concern Australians with savings in both countries, Delphi Bank CEO George Tacticos told Neos Kosmos this week the bank’s customers would feel no impact from the crisis in terms of their savings in Australia.

Capital controls in Greece were relaxed this week, with Greeks able to withdraw a weekly allowance of €420 in one transaction, rather than being limited to €60 a day.

Meanwhile, limits on sending money abroad and other controls remain in place.

“Our customers here in Australia will not be impacted by any deals transpiring overseas. Any funds held by Delphi Bank will continue to remain secure,” said Mr Tacticos.

“To support our customers and their families in Greece, Delphi Bank is currently charging no fees for individuals who wish to wire transfer funds from Australia to Greece. This service is available through any Delphi Bank branch up until 30 September.”

Asked to comment on the crisis and the recent acceptance by the Greek parliament of the international creditors’ deal, Mr Tacticos said: “The third bailout package is a step forward for Greece – it may take time for Greek people to accept its conditions, but the alternative could have been much worse.”

The bank advised people travelling to Greece that they should follow DFAT’s travel advisory, to exercise normal safety precautions and ensure they have a variety of ways to access their money in case of emergencies and unexpected delays. While foreign credit and debit cards are still being accepted, such forms of payment cannot be relied upon and carrying sufficient cash in various denominations is encouraged.

Delphi Bank operates as a division of Bendigo and Adelaide Bank and is governed by Australian regulatory authorities, including the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC).