Open an account in Bank of Cyprus
Expand your business to international markets by opening corporate and personal bank accounts in Cyprus with the support of our experts
-
Corporate
accounts -
Mobile banking
and apps -
Personal and joint
bank accounts
Simple steps of work
Initial Consultation
We start with an in-depth consultation to understand your needs and answer any questions. We'll gather the necessary documents and information to choose the best banking option for you in Cyprus.
Document Preparation
We guide you through the required paperwork, including filling out forms and providing necessary identification and business details. We ensure everything is in order before submission.
Application Submission
Once all documents are prepared, we submit the application to the selected bank in Cyprus. We monitor the process and handle any additional requests from the bank.
Account Approval and Activation
After the bank reviews your application, we follow up to ensure a swift approval process. Once approved, your account will be activated, and you'll receive all necessary access details for account management.
Advice and Assistance
Throughout the process and after your account is opened, we're here to answer any questions and provide guidance on managing your new bank account in Cyprus effectively.
What is included in the service of opening a bank account in BoC
- Initial documents review
- Preparation of application forms
- Submission of application
- Provision of a correspondence address
- Bank liaison services
- Guidance for account management
- Optional payment system integration
- Optional financial services
Get a consultation with our expert
What you need to open corporate bank account in Cyprus
- a company charter
- a registration certificate
- a company share certificate
- a certificate of good credit history —for foreign companies if they have been open for more than 2 years
- a director and secretary certificate
- a confirmation of the actual address — location of the office
- a confirmation of the legal address.
List of documents to open personal account
- an ID or a passport
- a letter explaining the goal of opening an account and remarking the sum of money that you will deposit
- a reference letter from the previous bank proving good credit history
- proof of current address, for instance, a utility bill
Frequently asked questions on opening a bank account in Bank of Cyprus
How safe is the Bank of Cyprus?
The BoC is considered safe and regulated by the Central Bank of Cyprus. It follows all required banking regulations and standards to ensure the security of deposits and transactions.
In UK bank operates under the supervision of UK regulatory authorities and follows stringent banking regulations. Deposits are protected by the Financial Services Compensation Scheme (FSCS) up to a certain limit, adding an extra layer of security.
Who owns the Bank?
Is a publicly traded company and is owned by its shareholders. The largest shareholders include institutional investors and private individuals.
How to use Quick Pay ?
How to transfer money from BoC to Revolut
To transfer money from the Bank of Cyprus to Revolut, follow these steps:
- Log into your BoC online banking account.
- Select the option to make a new payment or transfer.
- Enter Revolut’s bank details, including the IBAN associated with your Revolut account.
- Specify the amount you wish to transfer.
- Confirm the transaction details and authorize the transfer.
It may take a few business days for the money to appear in your Revolut account.
What is sort code
Sort codes for BoC UK adhere to the standard UK banking system and are used to identify your branch. For specific sort codes, you should check your bank statements or contact your branch directly.
How to transfer money abroad?
To transfer money abroad with Bank of Cyprus, you can use their internet banking, mobile banking app, or visit a local branch. You will need the recipient’s IBAN, SWIFT/BIC code, and other relevant details.
