Date: April 16, 2025 By George Theodosakis Categories: Tips No comments

Good and Bad Cashpoints in Santorini: What Every Traveler Should Know

When visiting Greece—and especially the breathtaking island of Santorini—knowing the best cashpoints in Santorini can make all the difference, as having access to cash is more important than you might expect. While credit and debit cards are widely accepted, paying in cash often gets you better prices, particularly in smaller establishments, family-run tavernas, and local shops. But not all ATMs are created equal.

In this blog, we’ll break down the difference between good and bad cashpoints, what you should avoid, and how to make the most out of your money while traveling in Santorini and across Greece.

Why Pay in Cash in Santorini(Also generally in Greece)?

Although Greece is a modern country with a well-established banking system, cash is still king in many places—especially in smaller towns, villages, and islands like Santorini. Here’s why:

Better Prices: Many shops and restaurants offer discounts or better rates if you pay in cash. That’s because they avoid card processing fees, and sometimes taxes.
More Reliable: Some businesses have card machines, but technical issues or connectivity problems can render them unusable, especially in remote areas.
Tipping and Transportation: It’s easier to tip in cash, and many taxis or local drivers prefer or only accept cash payments.

Good Cashpoints (ATMs): Use These

When withdrawing money in Santorini—or anywhere in Greece—your best bet is to stick with ATMs operated by official Greek banks. These are more transparent, safer, and charge lower fees compared to third-party machines.

Here are the main Greek banks to look out for:

National Bank of Greece (NBG)
Piraeus Bank
Eurobank
Alpha Bank

✅ Why Use These?

Lower or standard withdrawal fees
More favorable exchange rates
Transparent transaction process
Secure and reliable
Better maintained and usually located in visible, safe areas

You can find these ATMs in major towns like Fira, Oia, Kamari, and Perissa, as well as near airports and ports.

Bad Cashpoints: Avoid These

Now, let’s talk about the ones to avoid—and this one deserves a category of its own:

🚫 Euronet ATMs

Euronet machines are often found in tourist-heavy areas, placed conveniently near hotels, beaches, or cafes. While they may seem convenient, they’re notoriously known for the following:

Very high withdrawal fees (sometimes up to €5–€7 per transaction)
Poor exchange rates that can cost you more in the long run
Dynamic Currency Conversion (DCC) that tricks users into withdrawing in their home currency instead of euros, adding extra hidden fees
Aggressive placement in areas where tourists are likely to make quick decisions

🛑 Our advice: Avoid Euronet unless it’s a true emergency. Walk a few more minutes and find a Greek bank ATM—it’s worth it!

Quick Tips for Withdrawing Money in Greece

Always choose to withdraw in Euros, not your home currency. This avoids Dynamic Currency Conversion charges.
Decline any “conversion offers” that appear on the screen.
Withdraw larger amounts at once to avoid multiple withdrawal fees.
Use debit cards that refund ATM fees, if available (some travel-friendly cards offer this).

Final Thoughts: Be Smart with Your Money in Santorini

Santorini is a dream destination—and smart money habits can help you enjoy it even more. Whether you’re buying souvenirs, dining at a cliffside taverna, or tipping your private driver, having cash on hand gives you flexibility and savings.

Stick with official bank ATMs, skip the Euronet traps, and enjoy the advantages that cash payments offer across Greece.

Safe travels and happy exploring! 💶