Bank charges and commissions charged by Cypriot banks.

Many international clients feel a disappointment when, after opening a bank account with a Cypriot bank, discover that bank charges and commissions are too expensive for their budget.

Consequently, we urge clients to check the bank commissions charges before committing to a specific bank.

From our review , Bank of Cyprus is the most expensive bank in terms of maintenance since it charges €600 per year or €50 per month account maintenance fee.

Hellenic Bank comes second but much cheaper. It charges €75 every quarter i.e. € 225 per year.

Russian Commercial Bank charges €180 per year.

Eurobank Cyprus Ltd is the cheapest of all , in terms of account maintenance fee, since it all charges €100 annually.

We have complied below a list of the links of the 4 main Cypriot banks to their Charges and Commissions page.
https://www.eurobank.com.cy/en/articles/bank-Charges

http://www.rcbcy.com/en/individual-clients/become-a-client/commissions-and-charges-for-individual-clients/

http://www.bankofcyprus.com.cy/en-GB/Cyprus/Services–Rates/——17-10-16/

https://www.hellenicbank.com/en/charges/ibccharges

 

Bank charges and commissions charged by Cypriot banks. by
Christophoros Christophi
About the Author
Christophoros Christophi

Lawyer and Managing Partner of Christophi & Associates LLC, Lecturer (Company Law) at the European University of Nicosia.
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