Greek banks

Greek banks reopen but cash limits remain and taxes soar

Strict controls on the amounts individuals can withdraw remain, however, and new austerity taxes demanded by the country's European creditors came into effect, making most everyday items more expensive — from coffee to taxis.

Greek banks to reopen Monday but cash restrictions remain

In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn't withdraw cash on Monday can withdraw 120 euros ($130) on Tuesday, and so on, up to 420 euros ($455) a week.

Greek banks to reopen but no taking out cash

Deputy Finance Minister Dimitris Mardas says bank customers "can deposit cash, they can transfer money from one account to the other" but withdrawal restrictions will remain.

Customers can still only take out 60 euros ($67) a day in cash. But Mardas says Greek authorities are working on a plan to allow people rollover access to their funds so if they don't make it to a cash machine one day, the next day they can take out 120 euros.