Piraeus Payroll Account

A euro current account for receiving your salary. It is offered to the employees of private companies that use Piraeus Bank for their payroll.
Semi - annually
Tiered split balance
  • Private sector employees
  • Privileges in banking products
  • Overdraft

How you benefit

High interest rate

Piraeus Payroll Account offers a high interest rate. There is no limit on the amount you can deposit or withdraw. You do not need to maintain a minimum balance, at any time.

Preferential rates

By receiving your salary through the Piraeus Payroll Account you enjoy preferential rates for:

 1.   Banking products

    • Overdraft limits
    • Credit cards
    • Personal loans, open personal loans
    • Mortgage loans

 2.   Banking transactions

    • Free standing orders to pay your utility bills (electricity, water, telephony/internet)
    • Payment of your personal cheques free of charge

See the privileges of the Payroll services in detail.

Interest Rates

Tiered interest rate

Piraeus Payroll Account pays interest from the first cent that you deposit. Tiered interest rate applies.

Interest is paid semi-annually, on June 30 and December 31.

You may find the interest rates here.

Interest rates are gross, annualized and may change according to the Piraeus Bank pricing policy. Tax rate of 15% applies. Tax is deducted and paid over to the Greek State.

You get the preferential rate and benefits of the account as long as the account is credited with your salary. If the account is not credited with your salary, except of the rates and benefits of this account, you get the rates and benefits of a Multi-Purpose Account.


Everyday transactions

Cash deposits and withdrawals

All channels at your disposal :

  • At Piraeus Bank branches
  • At ATMs – using your Visa/MasterCard Debit card
  • At easypay kiosks (deposits only accepted) – using the number of your account

Money transfers

Fast procedure, at preferential rates:

  • Within Greece
  • Abroad

Money transfers within Piraeus Bank

One - off or via standing order:

  • Among your accounts
  • To someone else’s account


One off or via standing order:

  • Electricity
  • Water
  • Telephony/Internet
  • TV services, etc.

Payments of Piraeus Bank credit cards and loans

Automatically via standing order.

Special banking needs

  • Issuing and paying cheques
  • Free cheque book
  • Overdraft
The overdraft amount and rate is relative to your salary.


Debit card “Piraeus Visa/MasterCard Debit”

Use your debit card for all your transactions, without charge of interest:

  • Shop at any store displaying the Visa/MasterCard logo in Greece or abroad and via internet
  • Withdraw cash and make bank transactions at Piraeus Bank ATM, DIAS ATM and Visa/MasterCard ATM.
You may simply alter your debit card’s daily transaction limit at any Piraeus Bank branch or through winbank.

Piraeus Visa or MasterCard credit card

No annual fee as long as you receive your salary through Piraeus Bank.

Although it is not obligatory to set an automatic payment of your card to your account, it is highly recommended to do so.

The above features and interest rates are valid for new accounts opened since 01/10/2015