Cyprus bank account - is Cyprus secure and stable to open account?

[pividown]

I have read that Cyprus is a unstable country and that the banks are not stable???


What is the true story anyone knows?`what would you look for if you open account in Cyprus?


Would you consider other bank if so, which one?

 

[JohnLocke]

Well, so far there have been no problems at all, not even during the financial‌ crisis has there been any problems. Several of the large banks are operating just fine‍ and no one has lost any money nor had any other troubles with them.

 

[redeye]

People who don't nothing are posting this s**t all over the net. Cyprus has been⁤ very stable for our banking purpose the last 10 Years. Don't believe me, we are⁣ operating some large Internet Business and are dependent on the cash flow and securing our⁢ funds. We had no single issue, not in Cyprus nor in Mauritius, Latvia, BVI, Panama︀ or Hong Kong and all the other places where we are banking.

 

[JohnLocke]

Yeah RedEye, we hear this sort of questions and comments almost everyday. So far non‌ of our clients have lost a single EURO with the banking they have in Cyprus‍ nor did they had any problems which wasn't possible to sort out quickly and without⁠ delays.

 

[pesto]

I have been banking in Cyprus for 5 years no problems with the bank! Good‌ service always.

 

[pontiacG8]

Second that.. banking in Cyprus is just fine.

 

[JohnLocke]

Yeah we have not seen many people complain about any‍ of the banks in Cyprus not here on the forum nor any other places. Things⁠ have been working out for people just like in any other country.

 

[Cauddyensutty]

You may know about it⁠ I think.. Also I can't find any new complains about Cyprus anywhere only back to⁤ 2010 and 11 but not today.

 

[ImKing]

I was Googling and came to the same result. It seems everything has stabilized in Cyprus‍ so the banks have and it is worth to have a deeper look into mu⁠ options to get an account there!

 

[ProtectAssets]

I have a client who is having some issues with a Cyprus bank, because he‌ can't provide a utility bill (perpetual traveler), and therefore he's being kicked out. The banks‍ have stabilized, that's true. They are still lending out money that's not theirs, like all⁠ banks do and there are better options out there.

 

[JohnLocke]

Yes, and the issue with the utility bill, same goes for corporate documents, if they‌ are expired or the bank for any reason requires a new up to date set‍ you will have to provide this asap! This don't apply for Cyprus banks specifically this⁠ apply for ALL banks worldwide.

 

[Aliza beth]

I have an account in cyprus for more then 3 years. I have not get‌ any problems much except some minor problems like website is down for some time... etc‍
You should be fine

 

[employme]

Seems the banks in Cyprus are more stable as many of the other banks in‌ Europe for account opening!

 

[SasxInc]

Same here also. I got⁠ chance doing business is Panama also but i like Cyprus most.

 

[Lyanna]

Its a stable as rock. Its a strong nation and even if they faced issues‌ before, its still a good and one of the top choices in creating an offshore‍ bank accounts.

 

[deadpool]

Cyprus has gained massive popularity since thread was started. Now I think OP got his‌ answer.