rolf`s griechenland blog: It's 2 In The Morning And Greeks Are Lining Up At ATMs; Alpha Limits Online Banking

Samstag, 27. Juni 2015

It's 2 In The Morning And Greeks Are Lining Up At ATMs; Alpha Limits Online Banking

Submitted by Tyler Durden on 06/26/2015 19:26 -0400

Because correlation does not equal causation, we present the following with no comment other than to note that according to Goldman's estimates (shown below), Alpha Bank, which has announced that web banking will "operate with limited functionality" over the weekend, happens to have the smallest ELA buffer of the four major Greek banks.

And of course, Greek PM Alexis Tsipras has just called for a referendum on euro membership to be held next Sunday.

Draw your own conclusions.

From Kathimerini:

Notice decreased function of the service Alpha Web Banking for the weekend issued by the bank, tufting scenarios in view of the Eurogroup Saturday.

Specifically, the communication states: From Saturday 06.27.2015 at 11:30 am to Monday 29/06/2015 at 8:00 am through the Alpha Web Banking there will be possibilities: Information on the balances and accounts and cards movements. Registration of orders on transfer of funds at a later date (will not be direct transfers executed). Registration of orders on payments dated 29/6 or higher . Enter orders for transfers to other banks dated 30/6 or later. The transfer orders will be registered for Sunday 28/06/2015, will be performed on Monday 29/06/2015.

And meanwhile, at the ATMs (via Protothema):