euro current accounts

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HappyCamper
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Joined: 04 Jan 2018 19:48

euro current accounts

#1 Post by HappyCamper » 16 Feb 2018 14:18

not sure what is the best way to do this and its all greek to me - but what I need is a euro bank account that I can put deposits into as needed (probably twice a year) and I can use to pay cypriot bills and draw cash out of ATMs when I am over. Internet banking is a must have.

I see that some UK banks are now offering euro accounts as well as those offered by cypriot banks.

Any suggestions would be much appreciated. I know we are not supposed to advertise on here, but I assume its ok to share personal experiences.

Thanks



Nigel Howarth
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Re: euro current accounts

#2 Post by Nigel Howarth » 16 Feb 2018 16:01

Hi HappyCamper

Opening a Cyprus bank account from the UK straightforward. Just visit an overseas branch of a Cypriot bank operating in the UK. (For example the Bank of Cyprus has branches in Birmingham, London and Manchester.)

Once opened you can transfer money from your UK account into your Cyprus bank account - the UK bank will convert to Euros. Or you can use one of the numerous currency transfer companies.

Regards,


Nigel Howarth
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J B
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Joined: 08 Oct 2017 22:22
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Re: euro current accounts

#3 Post by J B » 28 Feb 2018 01:18

We have a 'savings' account with Bank of Cyprus (Coral Bay, Paphos)

It pays a great interest rate ... 0.01% perhaps! :lol:

There is no chequebook, but we have a debit card for cash withdrawals and have DD's set up for electricity, water, etc

We have on-line banking and once we have 'switched off' paper statements, there are no fees to pay.


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J B

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