Bank of Cyprus

Bank of Cyprus

Bank of Cyprus was founded in 1899 as the Nicosia Savings Bank, is a Cypriot bank. It was the first Cypriot bank; before then, all other banks in Cyprus were foreign-owned. The bank became a public company and was renamed Bank of Cyprus in 1912.

Reviews Rating
60%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
66%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
Matt Crabtree
Senior Editor
Matt Crabtree
Matt Crabtree is a senior editor at CompareBanks. He has over 10 years experience in writing about all aspects of finance and is passionate about helping consumers make informed decisions about their money.
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Overview

First Glance

Bank of Cyprus was founded in 1899 as the Nicosia Savings Bank, is a Cypriot bank. It was the first Cypriot bank; before then, all other banks in Cyprus were foreign-owned. The bank became a public company and was renamed Bank of Cyprus in 1912.

Features

Contact Info

Email
customerservice@bankofcyprus.co.uk
Address
27-31 Charlotte St, Fitzrovia, London W1T 1RP, UK
Phone
0345 850 5555

About Bank of Cyprus

Bank of Cyprus was founded in 1899 as the Nicosia Savings Bank, is a Cypriot bank. It was the first Cypriot bank; before then, all other banks in Cyprus were foreign-owned. The bank became a public company and was renamed Bank of Cyprus in 1912.

Nowadays, the bank has 121 branches in Cyprus, Romania, Greece, Ukraine, Russia and China. It is the largest bank in Cyprus, with more than 80% of Cypriots having an active account. The bank has a 40% share of the banking sector in Cyprus. Bank of Cyprus is headquartered in Strovolos. The UK operation began in 1955.

Bank of Cyprus Products and Services

Bank of Cyprus offers a wide range of banking services to both personal and corporate clients. Personal clients can choose from several accounts, including the online-only Easy Access Savings Account. This gives customers complete control over their finances through online banking. Personal current accounts are offered both in sterling and in Euros. Personal customers can also take out a range of ISAs, including junior ISAs, and fixed rate bonds.

For corporate clients, there are a range of services available including foreign exchange, interest rate risk management, lending options, and business lending. Corporate clients can also choose from a range of payment options for their business, including CHAPS, SWIFT and Faster Payments.

Bank of Cyprus Awards

In 2018, Bank of Cyprus was awarded ‘Excellent’ by Moneyfacts for their Online Easy Access Savings Account. The bank also won the Savings Champion award for Best Short Term Fixed Rate Cash ISA Provider.

Security at Bank of Cyprus

The Bank of Cyprus makes several identity checks before opening accounts for customers. UK customers can usually have their identity confirmed electronically, but non-UK residents may need to provide documentation. Deposits made by Bank of Cyprus UK customers are covered by the Financial Services Compensation Scheme (FSCS) up to the value of £85,000.

Bank of Cyprus Contact Details

27-31 Charlotte Street
London
W1T 1RP

Telephone: 0345 850 5555

Email: customerservice@bankofcyprus.co.uk

Bank of Cyprus UK

Have a question about Bank of Cyprus?

Find answers in Q&As and ask your question

I have a refund cheque from HMRC and it’s too big at +/- £3,300 to be accepted by my current bank as a scan. Their limit is £1000. I am in Tanzania for 3 more months so cannot take it physically into my UK bank. Q: Will Bank of Cyprus accept it? — Andy Blake

Bank of Cyprus Reviews

Volodymyr Fedyay
March 26, 2024

“Don't trust this bank with your money. I transferred my money from my Interactive Brokers account to my Bank of Cyprus account”

Don't trust this bank with your money.
I transferred my money from my Interactive Brokers account to my Bank of Cyprus account. The bank demanded to show all my transactions in IB for 6 months. I refused, this is my personal information and I am not going to share it with the Bank. The Bank of Cyprus said that it would return the money back and now it’s been 2 weeks since I couldn’t get it back.
They do not provide documents indicating that they returned my money, the manager cannot answer my questions. They stole my money and are using it. Avoid Bank of Cyprus at all costs, they are scammers and thieves.

Daniel LastName
March 26, 2024

“Worst bank I have experienced. I was on a 3 month fixed rate account which is showing 0% interest after 1 year and was on auto-renew”

Worst bank I have experienced.

I was on a 3 month fixed rate account which is showing 0% interest after 1 year and was on auto-renew.

They have also locked my funds and I have been requesting for them to free it up for 2 weeks. The only response I got was they are going to charge me 600 Euros to free those funds. This is after 1 year of no interest!

I'm still waiting for them to free my funds after several emails, calls and messages.

Do not! Go with this bank

JAMIU MED ROBERT YUSSUPH
March 26, 2024

“I WANTED TO OPEN AN BUSINESS ACCOUNT”

I WANTED TO OPEN AN BUSINESS ACCOUNT

Bobby
September 22, 2018

“They’re a very good bank in my opinion.”

They’re a very good bank in my opinion.

2 persons found this helpful

Bank of Cyprus Accounts

e-Instant
e-Instant
Personal
Monthly Fee
Interest Rate
Overdraft
Overdraft Rate
Savings Account
Savings Account
Personal
Monthly Fee
0.20%
Interest Rate
Overdraft
Overdraft Rate
Traditional Deposit Account
Traditional Deposit Account
Personal
Monthly Fee
0.20%
Interest Rate
Overdraft
Overdraft Rate
UpFront Deposit Account
UpFront Deposit Account
Personal
Monthly Fee
Variable
Interest Rate
Overdraft
Overdraft Rate
Flexi-Fix Deposit Account
Flexi-Fix Deposit Account
Personal
Monthly Fee
Variable
Interest Rate
Overdraft
Overdraft Rate
Monthly Deposit Account
Monthly Deposit Account
Personal
Monthly Fee
Variable
Interest Rate
Overdraft
Overdraft Rate
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