Cyprus bank account with IBAN number?

[pontiacG8]

Does Cyprus banks offer SWIFT and IBAN account numbers?

 

[JohnLocke]

All the banks in the Greek part of Cyprus have a SWIFT code and don't‌ require any intermediary to send/receive funds they have as well IBAN account numbers.

 

[pontiacG8]

What about online banking is this available in English?

 

[JohnLocke]

Yes, as discussed a few times here on the forum, most banks in Cyprus offer‌ Internet banking in English from where you can manage your daily banking including sending of‍ International Wire Transfers.

 

[fernadex]

Can I have a debit card for let's say hellenic or laiki bank? I read‌ about the banks that they are good, where can I find the service fees of‍ these banks?

 

[JohnLocke]

Yes these banks like almost most banks in Cyprus offer a Visa Debit Card which‌ can be used in any ATM worldwide! You may consult there website's otherwise let me‍ know.

 

[pontiacG8]

Do they have any limitation's in regards to currency account?

 

[JohnLocke]

If you mean Multi Currency bank account then they don't have any limitations.

 

[pontiacG8]

I heard the limit of a bank account with Piraeus bank is EUR 500.000 is‌ that true?

 

[Rahul shetty]

I think they do.. Because there are large number of investers who recieve payments or‌ funds from foreign countries so thay must be having swift number i think

 

[Aliza beth]

I dont know about iban but they do provide swift option

 

[deadpool]

I would like to know about typical sending and receiving limits, if any.

 

[andreas]

There are no limits, Piraeus has one of 500,000 euro per year which easely can‌ be increased if required!

 

[pinacol]

Can you explain why I need a IBAN number and what it is for?

 

[negon]

It is required for European banks and makes "wire transfers" much‍ faster and cheaper compared to regular SWIFT transfers.

 

[blizz]

How complicated to open bank account in Cyprus and is it free?

 

[negon]

Nothing is free my friend 🙂 it is not more complicated to open a Cyprus bank‌ account than any other account. You will need to have all DD / KC documents‍ available of course and you need a CV and business description.

 

[Flatworld]

I won't consider Cyprus bank account as they have such bad records...

 

[negon]

Well, hundred of thousands have accounts in Cyprus. They don't have that bad‌ reputation any longer!