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-   Cyprus Expat Forum for Expats Living in Cyprus (https://www.expatforum.com/expats/cyprus-expat-forum-expats-living-cyprus/)
-   -   Cypriot banks - recommendation? (https://www.expatforum.com/expats/cyprus-expat-forum-expats-living-cyprus/1479118-cypriot-banks-recommendation.html)

GSmith 21st May 2019 08:38 AM

Quote:

Originally Posted by blueparrot (Post 14874402)
Thanks, GSmith. Could you please tell me the name of the bank?

Hi Blueparrot

I work as an IFA in Cyprus and I use the bank as a custody provider for my clients. I'm happ to send you the name of the bank. Please send me a PM and I'll send you the name and a link.

fguidi 4th January 2020 09:21 PM

Info Bank in the Island of Man
 
Dear Garry, I am new in the expat forum and I am going to move to Cyprus in May 2020. I was reading your post and I would like to ask you some question regarding the bank based in the Island of Man. Can I send you a private message ? Thanks

GSmith 6th January 2020 08:42 AM

Hi fguidi

I was about to reply to you this morning but see that you managed to track down my email address. I'll respond to your email.

fguidi 6th January 2020 12:02 PM

Many thanks Gary I received your message by email. I really appreciated your help and support. I will contact you asap. Kind Regards

The Bond 6th January 2020 06:33 PM

Yes Bank of Cyprus are good, nice easy to use app for your smartphone, if you open an account with them ask at the time to create you a username and password for the app. One thing I found is they reluctantly comply with EU bank transfer rules on how long a transfer should take between EU countries. Sometimes my transfers arrive next working day even if I do the transfer in the morning. O and try to do everything on your app, like UK banks theres always a big Q in the branch and here they love to chat so much to the customers even if theres 20 in the Q, otherwise no problems.

GSmith 7th January 2020 06:20 AM

I replied to your PM.

The Bond 7th January 2020 08:14 PM

Hi
While the revolut card (I have a monzo card, similar thing) is a good idea I never rely on it too much. I remember when the banking crisis happened someone went to their local bank to quickly do a large withdrawal only to be told he had registered for online banking only, so must contact the online bank in question, however they had taken the site down(technical problems!) to stop a run on the bank. I want to walk into a bank and demand whats mine and make a fuss, online you cant do this.

PeteandSylv 8th January 2020 08:13 AM

Quote:

Originally Posted by The Bond (Post 15019590)
Hi
While the revolut card (I have a monzo card, similar thing) is a good idea I never rely on it too much. I remember when the banking crisis happened someone went to their local bank to quickly do a large withdrawal only to be told he had registered for online banking only, so must contact the online bank in question, however they had taken the site down(technical problems!) to stop a run on the bank. I want to walk into a bank and demand whats mine and make a fuss, online you cant do this.

If there's ever a risk with a run on a bank it makes no difference whether it's online. You can walk into the bank and make all the fuss in the world, they will still refuse to give you your money if that's what they decided to do.

The big advantage of the Revolut card is the ability to transfer money to any bank account anywhere at zero cost instantly. Try doing that with Bank of Cyprus: first they want you to pay 20 for the app or device to enable transfers, then they act at their own speed and may or may not charge you. Without the app/device you are forced to go into a branch which is a thoroughly undesirable experience. When I pay into BofC, even when it is an instant transfer, they never show the balance until the afternoon of the next day - just a bit more interest for them.

Pete

johnandjen1 8th January 2020 10:06 AM

Garry, email sent. John

The Bond 8th January 2020 09:29 PM

Yes I agree with you Pete, but it makes me feel better and somehow seeing an angry group outside an office makes very good/bad publicity (amazing how it focuses the minds of don,t care board of directors seeing their names outed) news on the tele as oppose to blah blah bank internet site is down error 404 on a laptop


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