Monthly fee for offshore corp at Bank of Cyprus??

[appman]

Maybe I'm misunderstanding this. Is there a 50EUR/month fee for an account at Bank of Cyprus? See page 3 here:http://www.bankofcyprus.com.cy/glob...l-business-units-customers-english-021017.pdf

 

[amar]

Yes there is and also there is a Low Activity Fee 20EUR if you don't have many transactions every month.

 

[negon]

appman said:
Maybe I'm misunderstanding this. Is there a 50EUR/month fee for an account at Bank of Cyprus? See page 3 here:http://www.bankofcyprus.com.cy/glob...l-business-units-customers-english-021017.pdf
Click to expand...

yes there are! It's a high amount to pay if you don't use the account on a daily basis.

 

[hiju]

appman said:
Maybe I'm misunderstanding this. Is there a 50EUR/month fee for an account at Bank of Cyprus? See page 3 here:Error404
Click to expand...

yes there is, they are charging a great fee for the account maintainance 🙁

 

[BlueMist]

giangos1904 said:
Yes there is and also there is a Low Activity Fee 20EUR if you don't have many transactions every month.
Click to expand...

This fee is waived if you keep more than €20,000 in deposits on average.

On top of these fees, there is a new liquidity fee from 1st March 2020. 0.5% on total deposits held with Bank of Cyprus...