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BANKS & MONEY

Bank

There are numerous banks around in the towns and cites. Opening hours are 8:30 to 2:30 Monday to Thursday, and 8:30 to 2:00 on Friday. Some banks in the major tourist areas open in the evenings and Saturday mornings as well. Always take your passport as proof of identity when changing money, and be prepared for a queue.
There are many other places to change money, such as hotels, tourist agencies, andATM the post office, which I’m told offers a very good rate. However it's best to always check the rate and commission charges before entering into a transaction, as they can vary quite dramatically.
There should always be at least one bureaux de change open at the major airports if you need cash when you arrive. Though it will be far more convenient to bring some euros with you, at least to get you through the first few days.
Travellers cheques offer a safe way of carrying money, but seem to have fallen a little out of favour in recent times, and can not be considered as convenient. Few establishments beyond the larger hotels will accept them. They can be converted to cash in the banks and at many of the other exchange facilities, but they usually charge commission, even when changing euro travellers cheques into euros.
Credit cards are similarly largely unwelcome in Crete due to the high commission charges faced by traders, which can be as much as 5%. You will certainly need one to hire a car, and again the larger hotels will accept them, but beyond that they will be of little use for purchasing goods and services.
eurosUndoubtedly the most convenient way to change money and avoid carrying large amounts of cash around, is to use the ATMs. They are plentiful around the island and easy to use, having instructions in English as well as Greek. There are charges for this service, but they are rarely more expensive than any of the alternatives. Charges vary not only between card issuing companies, but also between their various card types. Check before you travel for the best rate. 
It is possible to have money transferred from your bank in your home country. You will need to check with the local bank, and forward their correct address and IBAN number. Transfers normally take about three days within Europe, but may take longer. This is a measure best kept for emergencies only.