Cyprus Bank Closures Set for May Holidays on Scheduled Dates

April 22, 2024

    Upcoming Bank Closures in Cyprus

    The Central Bank of Cyprus (CBC) has issued an important notice for all bank customers regarding a series of bank closures on the horizon. The CBC has outlined several scheduled dates when banking services across the island will be unavailable due to national holidays.

    The first closure will take place on Wednesday, May 1, 2024, in observance of Labour Day, a significant public holiday celebrated internationally. Following closely, banks will also be closed on Friday, May 3, 2024, marking Good Friday, which is part of the Easter holiday period.

    The Easter celebrations will further extend the non-operational status of banks into the following week with closures on Monday, May 6, 2024, recognized as Easter Monday, and Tuesday, May 7, 2024, known as Easter Tuesday. These consecutive days form part of a long-standing tradition in Cyprus where extended Easter celebrations are customary.

    All banking operations, including branch services and potentially some online banking features, will be affected during these dates. The CBC urges customers to anticipate their banking needs and complete any critical transactions well in advance of these scheduled dates. The advance notice aims to minimize inconvenience and ensure that individuals and businesses can manage their financial matters without disruption.

    As the island prepares to observe these festive occasions, the CBC’s announcement serves as a timely reminder for residents to adjust their schedules and make necessary preparations. Whether it’s settling bills, arranging transfers, or simply withdrawing cash, the importance of planning ahead cannot be overstressed during this period of bank closures in Cyprus.

    holidays
    Cyprus banks typically close for Labor Day on May 1st and for Orthodox Easter, which in 2024 falls on May 5th, with additional closures likely on the preceding Friday and Monday.

    Can you access bank services online during the holidays in Cyprus?

    Send a request and get a free consultation:
    June 2025
    Businesses Secure Long-Term Stability with New Lease Agreements
    The EURUSD currency pair remains in a tight range above the 1.0900 support level on Monday as it struggles for direction. Investors seek fresh cues at the start of a busy data week, which may indicate how much the Federal Reserve will cut interest rates in September.
    India Sees 22.5% Growth in Tax Collections, Boosted by Lease Revenues
    India's net direct tax collections saw a significant boost, growing by 22.5% as of August 11, compared to 19.54% the previous month. This surge was driven by a 30% rise in Personal Income Tax revenues and a 111% increase in Securities Transaction Tax receipts, despite modest corporate tax growth.
    Lawmakers Consider Alternatives as Lease Deduction Nears Expiration
    Lawmakers are evaluating alternatives to the expiring 20% deduction for qualified business income introduced by the Tax Cuts and Jobs Act. One option is corporate integration, which could address existing distortions. Businesses with a lease may also be impacted by these potential changes.

    Cyprus visa guide

    • Travel visa basics
    • Cyprus application process
    • Check visa status
    • Online visa verification
      Thanks for the apply!
      We will get back to you within 1 business day
      You can schedule a call time at your convenience now:
      In the meantime, you can get a free consultation
      with our AI-assistant