Admin

Like with many of our services then there is some confusion about how we can help to open a bank account with one of the major banks in Cyprus. The confusion comes from both competitors that try to attack us just to find out that it is impossible but as well from the banks in Cyprus and from customers, so we feel that it is time to clarify how this service works. Should there still be any questions then please feel free to post here or submit a ticket to our corporate support

With which banks can you help to open the bank account in Cyprus?
Well we can help to open the account with several banks in Cyprus, actually all the banks in the Greek part of the island. If you have any specific bank you want to open the account with then simply let us know and we will help.

How do you open the Cyprus bank account with the bank, and will you guarantee the account opening?
Well, we DO NOT open the bank account, it is the bank, the relationship will be directly with you (the client) and the bank in Cyprus! For several reasons then we can't in anyway guarantee the bank account opening for your business, it is the banks final decision that count's here and they have every right to decline a application. We will not in anyway offer a refund for a already rendered service, means, we will as well not refund any money for the time used to help you open the bank account.

Can we get in direct touch with the bank in the middle of the process to open the bank account?
No, if you do that we will terminate the procedure right away and you will not be able to claim a refund. The banks in Cyprus don't work like that and not at all like what you may know from your home country. Either you play by our and the banks rules or you simply find another corporate service provider.

Can you help to open a bank account for our Adult, Pharmacy or Online Gambling business company?
Sorry, NO, we are unable to help in this case, the banks in Cyprus have for some time ago banned such business activity and don't accept it any longer. There is an Exception for European Gambling companies with a VALID LICENSE they can still be placed.

Does the bank in Cyprus has a IBAN and SWIFT code?
Yes, they all have a IBAN bank account number and the bank's all have a SWIFT code, we do not want to work with any bank that don't at least have a SWIFT code.

Does the bank in Cyprus offer a Debit Card to be used in any ATM Worldwide?
Yes, all the banks where we help to open the bank account in Cyprus offer a Visa, MasterCard or Maestro DEBIT Card, we do not recommend to apply for a credit card, since they will require 3 times the credit limit to be deposited by the bank.

Can I receive and send international Wire Transfers with my Cyprus bank account?
Yes, you can send and receive money to and from anywhere in the World, as well from non EU countries.

What are the fees and rates that apply for my Cyprus bank account?
It depends very much on the which bank you want to open the bank account with. For instant a IBAN transfer is typically EUR 5,-
Will my personal name and address be visible towards customers / clients that transfer money to the bank account?
No, if it is a corporate / business bank account then the company's name and address will be on the bank account statement and will also be what your customers / clients will see on their account statement.

For more information please also read our F.A.Q. available for Cyprus bank account opening, and our Terms & Conditions.