Agro-carta

​Are you a farmer wishing to cash in advance part of the Basic and Green Financial Support for  agricultural activity, in the form of credit line? 

Now, with NBG's Agro-carta (in collaboration with the Ministry of Rural Development and Food), you can use your credit line under favourable terms in order to immediately cover your needs arising from your farming activity.

The "Agro-carta" also offers the following benefits:

• Current account into which the subsidies will be credited. Use of the account involves specific transactions related to the costs of farming production.
• Free of charge overdraft facility with privileged interest rate paid back via the credits from the Financial Support for agricultural activity.
• NBG "Agro-carta" Debit Mastercard provides you, via your account and credit limit, with :
• Instant liquidity, equivalent to 80% of the total of Basic and Green Financial Support for agricultural activity that you're entitled to each year.
• Transactions and payments, such as:
• purchase of raw materials, fertilizers, seeds, animal feed, agricultural supplies, veterinary drugs, etc.
• supply of fuels and machinery maintenance or repairs
• insurance contributions to ELGA, OGA, EFKA, KEAEO and dues to the Greek state
• bills of DEH (Public Power Corporation), Water Supply and Sewerage Companies (EYDAP, EYATH, DEYA), and TOEB (Local Authority for Land Improvement) that have a banking relationship with NBG
• fees for issue and collection of labor stamps (ergosimo)
• fee for submitting the application for Financial Support for agricultural activity.
• Cash withdrawals up to 10% of your authorized credit limit at NBG i-bank ATMs and ATMs in Greece displaying the DIAS logo.

The "Agro-carta" Debit Mastercard is the property of National Bank of Greece and is issued under the terms and conditions agreed upon with Ministry of Rural Development & Food.

The product is governed by the currently applicable capital controls.

For further information visit any NBG Branch or call us at +30 210 48 48 484.

If you do not wish to receive infomation via SMS regarding the bank's offers call us +302104806300.

​NBG offers you its "Financial Support for Farmers" Current Account, an account that offers an overdraft facility calculated on the basis of the amount of the Basic and Green Financial Support for agricultural activity.

The account is a personal account, and is intended for beneficiaries entitled to Basic and Green Financial Support for agricultural activity and who wish to have an overdraft facility and "Agro-carta" Debit Mastercard.

This account offers:

• Option to get an "Agro-carta" Debit Mastercard free of charge.
• Access to alternative networks: NBG's i-bank Internet, Phone and Mobile Banking services.
• Option to be credited with financial aid received from OPEKEPE/ Yp.A.A.T. (Ministry of Rural Development & Food)
• Account statements sent quarterly to you free of charge.

Clarifications

• This type of deposit cannot be linked to the Periodic Electronic Payments system, credit cards, bancassurance products, and NBG loans and investment products.
• The account can be debited exclusively and only:
• for specific payments carried out at the branch's counter, via alternative channels (i-bank, ATM, internet banking) or through the direct debit service, depending on the transactions available via each banking channel. In particular, the following payments are allowed: payment of the beneficiary's dues against ELGA, OGA, EFKA, KEAE, the Greek State, DEH (Public Power Corporation), TOEB (Local Authority for Land Improvement), which have a banking relationship with NBG, Water Supply and Sewerage Companies, fees for issue and collection of labor stamps (ergosimo), Vehicle Excise Duty, fee for submitting the application for financial support for basic (agricultural) activity and payment of dues against bodies submitting the applications to OPEKEPE.
• using the "Agro-carta Debit Mastercard" for
• payments through EFT/POS or via the internet with specific categories of firms merchandising products and services related to agricultural activity (such as raw materials, fertilizers, seeds, animal feed, agricultural supplies, veterinary drugs, fuels, fee for submitting the application for the farmers' financial support etc.).
• cash withdrawals of up to 10% of the financing that has been granted to the beneficiary
• fund transfers to other accounts (your or third party's) held with the Bank or another bank, only for the available credit balance on the account.
• The supply of a chequebook and the deposit of cheques are not allowed.

Documentation:

• Valid Identity Card or Passport
• Copy of Single Operating Statement - Single Support Request Form
• Certificate of registration in the Registry of Farmers and Agricultural Activity

Along with the above documentation, you may be required to submit further documents, if necessary.

Rates & Charges

To find out more about interest rates and/or charges applying to NBG deposit accounts, click here.

​Overdraft facility "Financial Support for Farmers" 

The Credit Line is offered in the form of an Overdraft facility for the special purpose "Financial Support for Farmers" current account of National Bank of Greece.
A key condition for getting the overdraft facility is to provide the appropriate authority (OPEKEPE) with the particulars of this deposit account, so that the amount of the Basic and Green Financial Support for agricultural activity to which you are entitled can be paid into the account.

The Overdraft facility "Financial Support for Farmers" offers:

• Financing in order to cover specific needs related to the cost of your production, as well as specific permitted transactions.
• Option to withdraw cash up to 10% of your authorized credit line free of charge, easily, simply and quickly, by using "Agro-carta" Debit Mastercard.
• Premium floating interest rate and interest charge only for the part of the credit line and the period you use it.

Beneficiaries

Individuals entitled to the amount of the Basic and Green Financial Support for agricultural activity, who are permanently residents in Greece  and declare their personal income in Greece.

Amount (credit line)

Equivalent to 80% of the Basic and Green Financial Support for agricultural activity that the farmer is entitled to each year.

Duration

The length of time until the payment of the Basic and Green Financial Support for agricultural activity (paid annually), less than a calendar year.

Repayment method

The credit line is paid back by crediting the amount of the Financial Support for agricultural activity into the special purpose Agricultural Support Current Account, until the principal is fully paid back.

You can also deposit any amount you wish in the meantime in order to pay back the remaining debit balance.

Interest is posted every six months, and is debited on 31st December and 30th June of each year.

Interest rate - Charges

The rate is floating and is subject to the levy under Law 128/75 amounting to 0.12% for those whose principal occupation is farming, and 0.60% for other beneficiaries. For information on the product's interest rate click here. 
The Overdraft Facility "Financial Support for Farmers" is provided free of charge.

Total Annual Real Charge

Examples

CONDITIONS: In the case of an amount of €10,000 withdrawn on 1st January, to be repaid in 12 equal monthly instalments with applicable nominal annual floating interest rate, today 4.50%, the following apply:

PAYMENT INSTALMENTS:

* for those whose principal occupation is farming

** for other beneficiaries

Note:

The 6th and 12th instalments also include the interest.

The Total Annual Real Charge , subject to article 19 of Joint Ministerial Decision Ζ1–699/2010 (Government Gazette B 917/23.06.2010), amounts to:

• 4.67% for those whose principal occupation is farming, subject to a 0.12% charge under Law 128/75, and
• 5.16% for other beneficiaries, subject to a 0.60% charge under Law 128/75.

Note that the said TARC rates apply only if the said assumptions apply, and serve here merely as an example.

Submit Application

You can submit your application for the Overdraft Facility on your "Financial Support for Farmers" current account at your account Branch.

Basic documentation required:

• valid Identity Card or Passport
• Tax clearance certificate for the previous year.

Along with the above documentation, you may be required to submit further documents, if necessary.

If your application is approved, you will be asked to visit your Branch and sign the contract.   Your credit line will be available immediately after signing the contract.

Statements

Account statements sent quarterly to you free of charge via i-statements, if you’re already an NBG i-bank Internet Banking registered user, or alternatively, at your contact address.

Additional Benefits

• "Agro-carta" Debit Mastercard free of charge
• Option to register to i-bank Internet Banking and i-bank Pay services in order to be able to carry out the permitted transactions.

​Purchases at authorized stores selling farming products

NBG's "Agro-carta" Debit Mastercard enables you to carry out easy, fast and safe transactions at businesses displaying the Mastercard logo in Greece that sell agricultural supplies, animal feed, fertilizers etc. and are listed as such by the Ministry of Rural Development and Food.
You can make your purchase by presenting the card at the paypoint and entering your PIN, if requested, and the cost of your purchase is automatically deducted from the account at no additional cost. 
"Agro-carta" Debit Mastercard is also accepted at e-shops for raw materials, fertilizers, seeds, animal feed, agricultural supplies, veterinary drugs, etc., displaying the Mastercard logo.

Contactless transactions in simple steps and absolute security

Contactless transactions can be carried out at businesses equipped with the special POS terminals displaying the respective contactless transaction symbol:

• Hold the card in front of the POS terminal for a few seconds.
• For amounts up to €25, the transaction is completed without entering your PIN (*). For amounts over €25, enter your PIN.
• When you hear a beep, your transaction has been completed with absolute security.

(*) For your own security you may be asked to enter your PIN for transactions worth less than €25.

Using the Card at ATMs
NBG’s extensive i-bank ATM network, together with the ATM network of other banks in Greece displaying the DIAS logo, enables you to carry out the following transactions using your "Agro-carta" Debit Mastercard:

• i-bank ATM:
• Cash withdrawal up to 10% of your credit line
• Cash Deposits
• Payment of utility bills (e.g. DEI, EYDAP) and amounts due to the Greek State
• Credit balance transfer into an NBG account held by you or someone else
• Account balance query
• Short statement of account activity (the last 7 transactions)
• Change of PIN
• Card Activation

• DIAS ATMs of other banks in Greece:
• Cash withdrawal up to 10% of your credit line
• Account balance query

Most transactions via the NBG i-bank ATM network are free of charge. Transactions carried out via other banks’ ATMs in Greece displaying the DIAS logo will incur a charge. 

For more information on the charges for transactions on the basis of the "Agro-carta" Debit Mastercard, click here.

Card management via i-bank Internet Banking

Provided you are a registered  i-bank Internet Banking user you can:

• monitor your card-based transactions (purchases, withdrawals, etc.) and
• manage your card PIN.