Bank of Cyprus bank account, is it worth it?

[drillbill]

We applied for a Bank of Cyprus bank account because they offercustody services and same day payment transfer which the other banks we have not do.


The requirement to the documents are insane (sorry to say so) now I was wondering if that is worth to go that route?

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[JohnLocke]

It depends on what requirements you have and what exactly you expect the bank to‌ do for you.

 

[drillbill]

Actually now we have the account I can say Bank of Cyprus rocks and it‌ is a great bank and all the hassle worth to get the account. Thank you‍ Admin and your team for staying with me during the process, and forgive me my⁠ negative attitude, I'm very sorry about that 🙂

 

[zerpakia]

Did it take you over 4 months to get your account open? Just notice the date of your first post and last post on this thread.


Thanks

 

[IFRpilot]

Did it take you over 4 months to get your account open? Just notice the‌ date of your first post and last post on this thread.

Thanks

 

[zerpakia]

Duplicate post please delete

 

[IFRpilot]

Duplicate post please delete

 

[drillbill]

NO, it took exact 9 days to get the allocation letter and accour‍ operational.

 

[JohnLocke]

It varies from time to time how long it takes to open an account with‌ the differenet banks. Some are terrible slow while others are OK and fast.

 

[cosmo]

BoC is a great bank really cool to work with and they understand what you‌ want from them if you explain it! You are not just a number there.. you‍ are a customer of theirs!

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[bionixlaunch]

Lots fo requirements they have but not less worth any minute you spend on getting‌ your account with them, check out requirements here http://www.bankofcyprus.com/ it isn't that difficult to get‍ this all done.

 

[suzy]

They are a cool and stable bank and I feel good to have my money‌ there!

 

[drillbill]

You will defianly want to open a bank account with BoC they are worth the‌ additional document they require. We hold an account there since 2011 never had a single‍ issue in 4 years very happy and satisfied customers of Bank of Cyprus :icon_cool:

 

[Cauddyensutty]

I would anytime choose Bank of Cyprus over any other smaller bank if I were‌ able to use them or needed a bank in Cyprus.

 

[ImKing]

Nice comercial I would say. Bank⁠ of Cyprus is better then the other banks in Cyprus or the same?

 

[ProtectAssets]

I would still be careful banking in Cyprus. During the last economic crisis the government‌ did confiscate a part of peoples deposits. Yes, it's more stable now, but it can‍ still happen again at some point. It's very interesting how people seem to forget about⁠ this. The documentation requirements seem to be a problem, and I've personally had people complain⁤ about that. There are still a few other good alternatives outside Cyprus though

 

[JohnLocke]

Well, so far 0% of our clients lost any money in Cyprus, some of them‌ are large clients with huge sums. So what ever and whoever lost money there it‍ seems not to apply for a certain group of people.

 

[Aliza beth]

Same day money transfer. I think you should go with paypal. You can instantly transfer‌ money via paypal if you would like to transfer from anywhere in the worl as‍ long as you have a paypal account to receive and another paypal account to send.⁠

 

[johnskywalker]

Sometimes, you just got to go through that needle until you can reach some light‌ of success. I say go for it, same day payment transfer is not totally bad‍ if you transfer/handle big chunk of money everyday.

 

[Lyanna]

Do they accept PayPal? And even if they do,⁤ PayPal is good for merchants but not for companies. Since their tax fees are insane⁣ and even with the tiniest amount of money, they would still charge fees for their⁢ own sakes.