Bank account opening with Bank of Cyprus.

International personal bank account with Bank of Cyprus, including full internet-banking access and debit/credit card for your daily transactions or saving purposes. Bank of Cyprus (BOC) is the major financial institution in Cyprus offering full range of banking services for residents and non-residents.

PACKAGE SERVICES

Personal account opening fees with full e-banking facilities

  • Assistance with personal bank account set up with full e-banking facilities
  • Verifying your personal documentation
  • Completion of the bank forms which will be forwarded to you for signing with relevant instructions
  • Sending the full package to the bank for final approval
  • Monitoring the account opening process until account allocation and banking package is received

We consider our service completed once you obtain the bank account number. Due to the bank-customer relationship, we will no longer be able to contact the bank on your behalf after the bank account is opened.
$500 $ 399
BANK PRODUCTS & SERVICES

Personal debit/credit card

Assistance with obtaining of one Debit/Credit Card (MasterCard, Visa, American Express).
$100 $ 0
ADDITIONAL SERVICES

Additional personal debit/credit card

Assistance with obtaining of one additional Debit/Credit Card (MasterCard, Visa, American Express)
$ 100

Payment methods

TOTAL: $ 399

Facts & Info for Bank of Cyprus:

About the Bank

The Bank of Cyprus Group was founded in 1899 and is the leading banking and financial services group in Cyprus.

The Group provides a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance.

The Group currently has a network a total of 300 branches in Cyprus, Russia, the United Kingdom and Channel Islands and employs 6898 staff worldwide. The Group also has 5 representative offices in Russia, Ukraine, China and South Africa.

Following the decision of the Eurogroup meeting held on 25 March 2013 and the decrees issued by the Central Bank of Cyprus in its capacity as the Resolution Authority, Bank of Cyprus has acquired the insured deposits and the majority of the assets and loans of the Cyprus Popular Bank Public Co Ltd (“Laiki”) and as a result it currently operates through 130 branches in Cyprus and with 4.240 employees.

In addition, the Group exited Greece, a market in which it has operated for the last 22 years, through the disposal of loans, fixed assets and deposits from its banking operations in the country. In Romania, the Group transferred certain assets and liabilities including most customer deposits, certain loan agreements and related collateral, cash and other liquid assets to the subsidiary of Laiki in Romania. In the UK, deposits of the UK Branch of Laiki Bank have been transferred to BOC’s UK subsidiary and advances to the parent company of the Group.

As part of the Bank’s strategy of deleveraging through the disposal of non-core operations and of focusing on core businesses, the Bank has recently completed the sale of its operations in Ukraine, it disposed its investment in Romanian Banca Transilvania and also of certain loans in Serbia.

The internationally magazine Euromoney has named Bank of Cyprus “The Best Bank in Cyprus for 2015”, at the Euromoney Awards for Excellence 2015, which were presented at the Natural History Museum in London on 9th of July and attended by 600 bankers from around the world.

Facilities

WHAT BANK OF CYPRUS OFFERS:
  • Personal and Business accounts
  • Full Internet banking services
  • Phone banking
  • Accounts in all major currencies
  • Wide range of Debit & Credit VISA, MasterCard and American Express
  • Multilingual customer support
  • The approximate timeframe for account allocation is 2 to 3 days after the original documents have been received by the bank.

BANK TARIFFS AND CHARGES
Bank of Cyprus can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance. Depending on the amount of transfer, incoming payment charges will vary from EUR 2-EUR 40. Charges for outgoing payments vary from EUR 3-EUR 400 depending on the date, currency and amount of transfer. The account maintenance fee is EUR 25 per month.

  • PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.
  • STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.

  • Requirements

    REQUIREMENTS FOR PERSONAL ACCOUNT SET UP WITH BANK OF CYPRUS:
    • A Skype interview with the bank is required within 3 months of account opening.
    • The minimum initial deposit and minimum balance of USD 500 will be required.

    DOCUMENTS REQUIRED:
    • Notarized copy of valid passport.
    • The passport must be signed and signature must match the signature in the application form.
    • The photograph must be clear and of good quality.
    • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
    • Original or notarized copy of Banker's reference letter dated within 3 months.
    • Personal CV

    PLEASE NOTE:
    Documents that are not in English must be accompanied by a certified translation.
    Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.

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    Need Assistance?

    +44 (0) 203-519-1398

    Mon-Fri 8am-6pm EET

    sales@startingbusiness.com

    1 business day response