Open an account with the Bank of Cyprus

About the Bank

The Bank of Cyprus Group was founded in 1899 and is the leading financial institution in Cyprus. Bank of Cyprus has subsidiaries in Ukraine, Russia, UK, Romania, Greece and the Channel Islands, as well as representative offices in Ukraine, Russia, Romania, Serbia and South Africa. The shares of the Bank of Cyprus are listed on the Cyprus and Athens stock exchanges.

Bank services

The Bank of Cyprus provides classic banking services to corporate and private clients, as well as brokerage services, investment banking, wealth management, factoring.

Advantages

• using the latest technologies that meet the highest standards of reliability, safety and speed;
• recognized authority in the civilized world of Cypriot banks;
• proximity to bank branches of offices of professional consultants in the field of finance and taxation;
• quick and easy account opening;
• lack of "draconian" rules for new clients from Eastern Europe;
• efficiency and low cost of banking services;
• simplicity and variety of ways to remotely manage an account;
• Russian-speaking employees work in many banks;
• ease of depositing and withdrawing cash;
• deposits in local banks are guaranteed by the Cypriot government.

Documents required for account opening

Copy of Ukrainian and international passport, bank recommendation letter, constituent documents of the company. Account type:

• Estimated
• savings
• card

Account Management

1) fax with code tables, test codes – $100 per year; 2) electronic banking system “Telebank”. Costs: Installation is free, maintenance is $20 per month. Electronic Bank of Cyprus – 1bank.com – provides our customers with the opportunity to conduct their transactions conveniently, quickly and securely 24 hours a day, 7 days a week on the web portal www.1bank.com or by calling 800 00 800 from Cyprus (for international calls : +357 2212 8000). The Bank of Cyprus was the first in Cyprus to use the Digipass electronic device for cryptographic protection of communications when conducting transactions via the Internet. Thus, in addition to the usual access codes (subscriber/client number and PIN), the Digipass device generates one-time codes for each transaction, guaranteeing the highest level of protection.

Additional Information

Minimum account balance: None as such. Down payment: None. But if funds do not appear on the account within a year, the account may be closed, in which case it is necessary to contact the bank and warn the manager of your intentions. Terms of account opening: The account is booked on the same day, full opening is 3 weeks. Personal presence: A personal visit by the beneficiary and account manager of the representative office in Kyiv or at the office of our company is required.