Hello,
I know that these topics just go around in circles, but I've been looking around and I couldn't seem to find an answer. This thread hinted at it, but didn't answer it definitively.
invalid1c/forum/f16/fbme-cyprus-bank-account-easy-free-open-bank-account-good-18409/
I went with a company to form a UK company, and then I used their service to open a Cyprus bank account. The bank account was with FBME. They luckily turned me down, but the process took 1.5 months. The company formation person told me it would take 2 weeks at most. I get the feeling that he is lying, but haven't found anything for sure.
That failed, so then he applied for the Bank Of Cyprus bank account. He told me that that takes about 24 hours to be approved. We hit the banking crisis, so it was inevitably delayed, but I'm again smelling an overly optimistic prediction (it took about 1.5 months again).
Then he told me that a paypal account in Cyprus only takes a day to get set up. Again, a load of rubbish.
So-
Does FBME really only take two weeks to get a fully set up bank account? (I'm not talking about IBAN numbers, I'm talking about a fully set up company).
Is Bank of Cyprus a good bank to use?
I don't think that I'll be using him again. I think that he explains the easy stuff very well only in order to upsell the more expensive useless stuff at a later date. I reckon that he must have been really sad that the FBME application was turned down so he lost the potential fees and had to do extra work. 😛
Last edited by a moderator: May 29, 2016
I know that these topics just go around in circles, but I've been looking around and I couldn't seem to find an answer. This thread hinted at it, but didn't answer it definitively.
invalid1c/forum/f16/fbme-cyprus-bank-account-easy-free-open-bank-account-good-18409/
I went with a company to form a UK company, and then I used their service to open a Cyprus bank account. The bank account was with FBME. They luckily turned me down, but the process took 1.5 months. The company formation person told me it would take 2 weeks at most. I get the feeling that he is lying, but haven't found anything for sure.
That failed, so then he applied for the Bank Of Cyprus bank account. He told me that that takes about 24 hours to be approved. We hit the banking crisis, so it was inevitably delayed, but I'm again smelling an overly optimistic prediction (it took about 1.5 months again).
Then he told me that a paypal account in Cyprus only takes a day to get set up. Again, a load of rubbish.
So-
Does FBME really only take two weeks to get a fully set up bank account? (I'm not talking about IBAN numbers, I'm talking about a fully set up company).
Is Bank of Cyprus a good bank to use?
I don't think that I'll be using him again. I think that he explains the easy stuff very well only in order to upsell the more expensive useless stuff at a later date. I reckon that he must have been really sad that the FBME application was turned down so he lost the potential fees and had to do extra work. 😛
Last edited by a moderator: May 29, 2016
