A joint bank account and death in Greece — what applies
Last updated: July 2026 · Ελληνικά
A joint account ('or' account) is treated differently from an individual one. In most joint accounts where each co-holder can transact alone, the survivor generally keeps access — but there are tax aspects.
The surviving co-holder's access
When the joint account has the term that each holder can act alone, the surviving co-holder usually continues to have access to the money after the other's death. The exact treatment depends on the account terms — ask the bank.
The tax side
Even if you have access as a co-holder, the share attributable to the deceased may be taken into account in the inheritance and the tax return. Confirm it with an accountant, as it depends on the account's details.
Frequently asked questions
Can I keep using the joint account?
In joint accounts where each holder transacts alone, as a rule yes. But it depends on the terms — notify and ask the bank.
Do I pay inheritance tax on a joint account?
Possibly, on the part attributable to the deceased. The treatment depends on the case — confirm with an accountant/notary.
Do I have to notify the bank of the death?
Yes — the notification obligation applies to joint accounts too. See the guide on notifying the banks.
Procedures and details may change — confirm the steps with the responsible authority. This guide provides practical guidance, not legal advice.
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