Greece’s Alpha Bank Freezes e-Transfers until Monday

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Alpha Web Banking will operate with limited functionality during the weekend 27 – 28 June 2015. This is the announcement of the Greek bank, that came interestingly on the same day that Greek Prime Minister Alexis Tipras called for a referendum to resolve a deadlock in negotiations with Greece’s creditors for a bailout agreement.

Amidst fears of capital controls being implemented in Greece as soon as Monday the bank noted that the limitation of transfers and other limitations in its e-banking system are solely related to a technical problem.

Here is the announcement:

As of Saturday 27/6/2015 11:30 a.m. until Monday 29/6/2015 8:00 a.m. Alpha Web Banking service will be available for:

  • Inquiries about account balances and transactions
  • Future transfer orders between accounts (immediate transfers will not be available)
  • Payment orders for execution on 29/6 or after
  • Transfer orders to other banks scheduled for execution on 30/6 or after.
  • Transfer orders scheduled for execution on Sunday 28/6/2015 will be executed on Monday 29/6/2015.

On Monday 29/6/2015 at 8:00 a.m. Alpha Web Banking will resume to full service. Alpha alerts accounts service will not be available from Saturday 27/6/2015 11:30 a.m. until Monday 29/6/2015 8:00 a.m.