More information

• How can I access my money?
  • By issuing cheques
  • By using a debit Card (Direct Visa) for your purchases
  • By using ATMs in Cyprus with no additional costs
  • By using ATMs abroad, with additional cost

   

• What other benefits are offered by this account?
  • Automatic repayment of loans, insurance etc through a direct debit / standing order
  • Automatic  settlement of utility bills through a standing order
  • Immediate transaction notification via SMS
  • Ability to manage your accounts through 1bank 24 hours a day
  • Automatic credit of the account with your monthly salary

   

• What are the initial fees?

  Initial bank fees

  • Arrangement fees: these relate to the Bank’s costs for preparing and evaluating your application.
  • Documentation fees: a fixed charge for the preparation of legal documents, the charge is determined by the facility amount.

  For applications submitted through the Bank's digital channels, you do not pay any initial Bank fees.

  Government fees

  These fees are regulated by relevant law as follows:

  • Mortgage registration fees paid to the Land Registry.
  • Fees relating to stamp duty of the facility documents and paid to the Commissioner of Taxation.
  • Fees paid to the Land Registry in cases where the transfer of property from one owner to another is necessary.

  Fees paid to third parties

  These are fees related to valuations carried out on behalf of the Bank, by approved valuers for mortgaged property, or fees related to life and/or home insurance.

  Find out about all Bank fees from the Table of Commissions and Charges

• Can I change my mind?

  You can withdraw from the application:

  • Within 5 business days from the date of the agreement conclusion, when the facility is secured with a mortgage on a house
  • Within 14 calendar days from the date of the agreement conclusion when the facility is provided without any guarantees/securities or is secured with personal guarantees.
• Does opening a new account give me any other benefits?

  Yes, ιf you open a new current account with a limit and ιf you don't already have another Bank of Cyprus credit card, you can get a new credit card which you can link to your current account, with free membership for the first year.

• What is the interest rate?

  Find out more on interest rates here.