Nowadays, people actively go offshore to satisfy their needs for safety, privacy, enhanced asset protection, better banking, and just for diversification. There is a kind of a “spare life package” that far-sighted individuals collect: citizenship in another country, real property abroad, a foreign company, and an offshore bank account. It helps them deal with any unpredictable situation and adds to the feeling of safety and stability in their lives.
This article focuses on one component of this package, an overseas bank account, and Cyprus as a good destination for this purpose. If the topic is new to you, please visit our portal to read general information on offshore accounts before you make up your mind and open a bank account in Cyprus. You will find much more information there on each component of the above-mentioned “package” and will be able to contact qualified specialists who will help you with it.
Cyprus is a noticeable business hub that has an advantageous geographic location. Its connections with the world’s major economies mean that you can easily establish relations with your counterparties in Europe, Asia, and Africa.
Cyprus is a stable and reliable banking destination, and we will assist you in setting up an account online if you fulfill all the requirements set by the bank and provide duly executed documents.
Take advantage of:
- Quick international wire transfers
- A possibility to withdraw your money at an ATM anywhere in the world
- No minimum turnover requirements for your account
- Services provided really quickly
- The rich experience of dealing with clients from any country that Cypriot banks boast
- Customer-friendly online banking that will cost you nothing
Bank of Cyprus
This is not just one of the largest banks on the island but also a leading group that renders all types of banking and financial services, including mutual funds management, brokerage services, retail banking, and much more.
The institution founded in 1899 has 108 branches in Cyprus and some representative offices abroad. It is a winner of numerous awards, and in 2021 it was recognized as the best bank in Cyprus.
The pandemic resulted in new challenges the institution had to face, so it was compelled to upgrade its online and mobile banking services. At present, almost 90% of its transactions are completed online. Join in to benefit from world-class banking services!
Personal Account with the Bank of Cyprus
The bank currently uses state-of-the-industry banking technologies as part of the tendency for digitalization and automation. You will not have to leave your home to apply for opening an account, make a wire transfer, or manage your savings and expenses. The security is ensured by cutting-edge software solutions embedded into the online banking platform and mobile apps.
Non-residents are offered various card products and accounts (current account, savings account, notice account, or fixed-term deposit on advantageous conditions).
If you need a current account, think of whether you want to have an overdraft opportunity (and its amount) as the maintenance fee will be dependent on this factor (it varies considerably, from €6 to €500 a quarter).
Bank of Cyprus: Customized Services
The Bank of Cyprus is known for the top-notch quality of its services, and its employees will provide support to you in all European languages and Chinese.
If you are interested in investment products, the bank offers a wide variety of these: brokerage, private banking, custody services, asset management, investment banking, and so on.
The Bank of Cyprus has a Wealth & Markets Division that focuses on the provision of investment services to wealthy individuals, legal entities, and institutional investors. Get access to investment experts who will professionally review your goals and give advice or offer banking products that will be perfect for your situation.
The Bank of Cyprus can provide a personal banker to you if you need advice on any banking product or service. Controlling your budget and managing your finances while relying on seasoned experts’ assistance will save you a considerable amount of time and finally bear fruit.
Bank of Cyprus: Accounts
Here are some benefits of opening a savings account with the Bank of Cyprus:
- You can deposit and withdraw money at any time without any fees payable, and you will not be required to provide any notice in advance
- Benefit from quick access to the online banking platform from any place to make payments or view your balance
- Transfer the funds from any other card to your Cyprus account
- You can set an automatic replenishment from any other account or card
- You will obtain a bank card to cash out your funds at any ATM
- Your savings account will be valid for an indefinite term
This is a banking product used to get maximum profit. You deposit your funds at an interest rate set for a fixed term that is not subject to change regardless of what is happening on the market. You get your interest at the end of the fixed term.
If you choose this opportunity, you will not be able to dispose of your funds until the end of the term set in your agreement. The term may vary from 1 to 24 months.
Flexi Fix Term Deposit
Do you want to have an opportunity to use your funds during the agreement term? Then the Flexi Fit deposit is a product for you. You can withdraw your funds twice during 1 year or once if the funds are deposited for 6 months. You are allowed to withdraw as much as 90% of the deposited amount.
There are no limits here as to the amount deposited, but the only available terms are 6 and 12 months.
The best feature of this deposit is that the interest is accrued on a monthly basis and is available to you right away. The funds can be deposited for 6, 12, 18, or 24 months, and the interest will be charged to the account you specify. The amount you can deposit on these terms is unlimited.
Do you want to have a 99% guarantee that the Bank of Cyprus will open an account for you? Contact our specialists using the above link to our portal. We have helped hundreds of individuals, and we know how to turn account opening into a hassle-free experience for you.