What is the Cash Transaction Limit Between Individuals in Greece in 2026?
The use of cash in Greece has been drastically restricted in recent years. With intensified audits for tax evasion and “source of funds” (Pothen Esches) verification, it is essential to know exactly what applies to money transfers and sales to avoid heavy fines.
In this guide, we analyze the limits for transactions between individuals (P2P), purchases in stores (B2C), and the changes coming in 2026.
1. Cash Transactions Between Individuals: What is Allowed?
Unlike purchases in stores, for personal transactions (e.g., giving money to a friend or buying a used item from an individual), there isn’t a strict horizontal restriction. However, there are three critical exceptions:
- Real Estate Transactions: Forget about cash. Every euro for a property purchase (down payment or final price) must pass through a bank. Otherwise, the contract is considered null and void.
- Rent: Starting in 2026, paying rent in cash “under the table” is strictly prohibited. All rents must be deposited into a bank account to be recognized for tax purposes.
- Car Transfers: For amounts exceeding €1,500, using a bank is practically the only option, as proof of a bank transaction is required to justify the “source of funds.”
Tip: Even though cash is allowed for small amounts (e.g., selling an old piece of furniture), authorities recommend using banking means for amounts over €500 for security and proof of the transaction.
2. Purchases of Products and Services (B2C)
When dealing with a business or a freelancer, the rules are much stricter.
- The Limit: €500.
- Current Rule: Any purchase over €500 must be paid exclusively electronically (card, bank transfer, IRIS).
- The Fine: Beware! The fine for paying with cash above the limit is equal to double the value of the transaction.
3. The IRIS Revolution: New Limits from January 15, 2026
If you want to transfer money to friends or professionals without the delay of cash, the IRIS service is becoming the primary tool. Starting January 15, 2026, the limits are increasing:
| Transaction Type | New Limit (2026) |
|---|---|
| Daily Limit (To individuals/professionals) | €1,000 |
| Monthly Limit (Between natural persons/P2P) | €5,000 |
4. Why Prefer Electronic Payments?
Beyond legality, electronic transactions protect you:
- Justification of Income: In case of an audit, you can prove where you found or spent the money.
- Security: You avoid the risk of loss or theft of large sums.
- Tax-Free Threshold: Electronic spending is necessary for building your tax-free limit.
Need Professional Advice?
For any tax, accounting, or investment matters, we recommend contacting our company: TKC FINANCE
