Does anyone have experience with multi-currency bank-accounts here in Cyprus?
It seems to be very difficult to get any solid information about them, so I would love to hear from someone who actually uses them!
Sometimes I want Swedish cash, so what I do then is I use currencyfair.com to exchange my money into Swedish Krones (CurrencyFair does this so ridiculously cheaper than any bank), but the problem with CF is that you then need a bank-account to send it to,
so I send it to my dads swedish bank and he can withdraw it for me, which is a mess.
But technically if Cyprus has multi-currency accounts (even for Swedish apparently) I could just send the money to a Cypriot account and withdraw it here!?
The only thing I don't understand is; how would I withdraw this money? Do the Cypriot banks have lots of Swedish bills in their offices that I can just take out for no charge? (common sense tells me that the ATM's obviously don't hold all these multi-currencies)
Also this seems too good to be true for traveling, say I wanted to go to USA for 3 months I could convert my money into dollars on CF, transfer into a Cypriot dollar-account, withdraw here = save ridiculous money.