Is it safe to put money on Cyprus bank account ??

[ajo]

Is it safe in this time to put money on Cyprus bank accounts ?? Cyprus situation is very bad in this time, and I heard alot of bad news..

 

[JohnLocke]

Well, best is to look at it over the next weeks or even months to‌ see how the situation develop.. that said, we have not seen any issues with Piraeus‍ Bank Cyprus.

 

[clemens]

Thankfully everything went out to be good again 🙂 At least for new bank accounts opened‌ in Cyprus funded with new money.

 

[Sany zeth]

TBH i wont put money in account where it is at risk

 

[Anton]

I agree, but I think that's the reason why he's asking 🙂 He wanted to know if its safe and its great that people help him no matter‍ what.

 

[Sansa]

I think its better to choose Seychelles as an alternative for Cyprus if you don't‌ want Cyprus as your country of choice. Since Seychelles is growing bigger than before, it‍ could top Cyprus in the future.

 

[SasxInc]

Thats the good idea⁠ but actual thing is, Seychelles will need at least more 20 years to be equal⁤ of Cyprus .

 

[Sansa]

Is that true?‍ How could you say its gonna be another 20 years? I could use some advice.⁠

 

[SasxInc]

Well, so you don't think Seychelles is‍ behind than Cyprus ? Please do some research on google and compare the GDP of⁠ both country, per capita income, size of economy, geological situation, value of currency....you'll get your⁤ answer.

 

[Sansa]

I think⁠ you have personal experience that's why I'm asking you. Well, seems like I'm wrong. Sorry⁤ for asking you.

 

[deadpool]

It its not Cyprus, I would suggest Mauritius, at the moment.

 

[RamsayB]

Safety depends on the bank itself. Gather a lot of information and feedback from your‌ friends about the particular bank you want to have or open an account into and‍ you will be safe.

 

[Cyrus05]

For me, check the reviews and background of the bank first before creating an account‌ and putting all of your money in there, because we never know if the bank‍ had good or bad reputation before. There was a case in our country where a⁠ popular bank has scammed and money laundered through their bank services and now they faced⁤ penalties from the government. I think that could affect their customers in the future.

 

[uplana]

It is as save as to have your money in any other bank! I checked‌ with the major banks in Cyprus and they have all insurance in place! so don't‍ worry that much about it. You may focus on getting the documents they require to⁠ get a bank account there at all! 🙂

 

[negon]

4 years later Bank of Cyprus, Piraeus Bank Cyprus, USB Bank⁠ Cyprus and a few more are still in business and working well for foreign corporate⁤ accounts.