Snappi, a digital bank launched in Ioannina for Greek tax residents, has begun its operations.

The bank operates fully online and holds a license from the European Central Bank (ECB), making it the first neobank in Greece with such regulatory approval. Its mobile app is currently available on both the App Store and Google Play.

New customers can open accounts digitally without any physical paperwork and receive either virtual or physical payment cards. Snappi has integrated its services into Greece’s DIAS clearing system, enabling compatibility with IRIS payments and local transfers.

Main Services and Features

Snappi offers around-the-clock customer support from human representatives rather than through automated systems. Deposit accounts provide an interest rate of 3% for balances up to EUR 1,000, with no fees applied for basic services like transfers, withdrawals, or account management.

A new service, Snappi Pay Later, is planned for release soon, allowing customers to split online purchases into four instalments without additional charges.

According to company representatives, the bank aims to combine the convenience of digital banking with the security provided by a fully regulated European Union bank. The ECB license ensures compliance with EU banking laws and provides deposit protection similar to traditional financial institutions.

Officials from Snappi stated that the neobank targets younger people, underserved areas, and individuals who might have felt excluded from mainstream banking. They added that the service was designed to meet customer needs and reflect Greece’s broader shift towards digital finance after years of economic challenges.