Bank of Cyprus is the leader in the market of banking services of Cyprus.
The Bank of Cyprus has been operating since 1899, having more than 250 branches and several subsidiaries. Today, it accumulates most of the country’s banking capital. In 2009, he was awarded an independent ISO 9001:2008 certificate, confirming compliance with international requirements and giving him the right to serve corporate clients, including non-residents.
Opening an account in this bank will enable you to perform international financial transactions and operate money from any part of the world. Here, corporate clients are provided with a personal manager. It is possible to receive and send payments in any currency, and carry out salary projects.
Each corporate account depending on the deposit amount costs some money: from 10 to 100 thousand euros, it’s 35 per quarter, and from 100 thousand to 1 million euros, it’s 200 euros per quarter.
About the Bank | The oldest bank on the island, the Bank of Cyprus, was created in 1899. It has 588 banking units and a total staff of 11,962 worldwide. The preeminent Cypriot institution in monetary services, it is also one of the most dynamic groups in Greece, operating in the UK, Australia, Romania, and the Channel Islands. Representative offices are located in Romania, Ukraine, Canada, and China. In 2019, its rating by Standard and Poor’s was B+. |
Account Type | Personal, corporate, trading, deposit, investment (Private banking). |
Bank Visit | There are several options for opening an account:
Different procedures pursue different objectives, time, and costs. |
Account Opening Date | From 1 to 2 months. |
Account Management | Internet banking with DigiPass encoder; mobile version available. |
Card Products | Offers cards – VISA, MasterCard, and American Express. |
Other Banking Products | Letters of credit, deposit guarantees (1%-2%), escrow accounts, real estate mortgages, UBS investment products, Forex trading accounts, various investment products, Private Banking services. |
Necessary Documents for Opening an Account | Since 2 November 2018, the following documents are required upon account opening in Cyprus:
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Operating Time and Payment Speed | Standard payments are made on the same day or the next. Operating day in the bank until 13.00. |
Bank’s Official Website | www.bankofcyprus.com |
RUE customer support team
“Hi, if you are looking to start your project, or you still have some concerns, you can definitely reach out to me for comprehensive assistance. Contact me and let’s start your business venture.”
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CONTACT US
At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.
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Phone: +420 775 524 175
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