Open Personal Accounts in Cyprus, Without In-Person Visits (Bank of Cyprus)

Today, many individuals want to open personal accounts in Cyprus banks. Cypriot bankers have repeatedly proven their reliability and loyalty to domestic clients. Q Wealth Portal offers you the opportunity to open a personal account with the Bank of Cyprus remotely if you meet all the bank’s requirements and submit your properly compiled application documents.

By opening an account in Cyprus, you can get direct access to your funds from anywhere in the world. You will be able to make international payments and cash out your funds at ATMs in any country. Additionally, the island is part of the European Union and the European Economic Area, providing you with stability, credibility, and opportunities.

Cyprus is among the most popular international business centers in the world. Thanks to its favorable geographical location and economic and political ties, this country is beneficial for commercial relations with European, Asian, and African counterparts.

Cyprus advantages:

• There are no minimum requirements for the accounts receivable turnover.
• Expedient fast services. 
• Cyprus banks have extensive experience working with clients from all over the world. 
• Remote access and management of your account online and via mobile banking apps

Banking with the Bank of Cyprus

The Bank of Cyprus, founded in 1899, has earned the reputation of one of the largest credit institutions on the island, and is designated a Significant Institution by the European Central Bank. It is both a bank in Cyprus and a leading provider of banking and financial services.

The bank’s clients can enjoy a wide range of financial services and transactions, including:

• corporate and retail banking
• factoring
• investment services
• mutual funds management
• wealth management
• insurance, including life insurance
• consulting
• brokerage services
• Escrow services.

The holding operates 108 branches in Cyprus, as well as additional branches and representative offices abroad. The Bank of Cyprus is one of the largest and most reputable banks in the country. Some Representative offices require applicants for accounts opening to visit the bank in person. However, most clients can submit documents and undergo the screening remotely. 

Here are some of the recent awards and recognitions of the bank:

• J.P. Morgan Chase Quality Recognition Award – earned in March 2025, recognizing near-perfect SWIFT payment processing for the fourth year in a row.
• Best Bank in Cyprus by Euromoney – awarded in 2023, marking eight consecutive years of excellence.
• Bank of the Year in Cyprus by The Banker – received in 2023, highlighting strategic transformation and digital growth.
• Best Private Bank in Cyprus by Euromoney – awarded again in 2023, the 7th time the bank has earned this honor.
• Five-time winner at the Global Finance “World’s Best Digital Bank Awards” in both 2023 and 2024, recognized for:
• Best Consumer Digital Bank
• Best Mobile Banking App
• Best Corporate/Institutional Digital Bank
• Best Online Product Offerings
• Excellence in Social Media
• Best Green Bond in Europe & Best Financial Institution Bond in Southeastern Europe – awarded in 2024 by EMEA Finance for a €300M green bond issuance.

The pandemic accelerated global digitalization, and the Bank of Cyprus has continued to evolve with it. By mid-2025, over 91% of customer transactions are now handled through online or mobile banking, reflecting the bank’s commitment to seamless digital service. Today, more than 80% of clients actively use digital channels, embracing tools such as mobile apps, internet banking, and contactless payments for their everyday banking needs.

Open Personal Accounts with the Bank of Cyprus

Digitalization, automation, and software have become the three pillars of the bank’s transformation. Thanks to advanced banking technologies and user-friendly procedures, clients can open accounts, make payments in seconds, and track their savings and expenses from the comfort of their homes, wherever they are. The maximum security is guaranteed by the cutting-edge digital solutions integrated into internet banking, mobile application, and QuickPay interfaces.

Non-resident foreign individuals can open savings accounts, sight accounts, fixed deposit accounts, notice accounts, and their various types. You can choose a suitable card from the available options.

Current accounts can be opened with or without an overdraft facility. As of 2025, the quarterly maintenance fee for accounts opened through branches ranges from €6 to €500, depending on the approved overdraft limit and account type. Customers are encouraged to explore digital account opening options, which may offer lower fees and added convenience.

Commissions and Charges

You can get more details about the Bank of Cyprus fees and rates by contacting our experts and having a complimentary consultation.

Please note: the Bank reserves the right to reject any application, to request additional information about the applicant, to withdraw any plan at any time. That is why you should consider a consultation, as it is your chance to learn about the potential challenges and opportunities.

Customized services from the Bank of Cyprus

Besides its solid capital assets, the Bank of Cyprus is also known for its high-quality customer service. Staff members commonly speak English and Greek, and many branches offer support in other widely spoken languages.

The Bank offers a variety of investment products and specialized services:

• Private banking 
• Institutional wealth management 
• Global markets 
• Brokerage
• Asset management 
• Investment banking
• Custody services

The Wealth & Markets Division has the mission to provide specialized investment-related services to Private HNWIs, institutional investors, and legal entities. 

The most experienced investment professionals are ready to address your concerns, consider your goals, and provide well-grounded advice and banking services tailored to your needs.

To meet all customer needs, the bank can assign a Personal Banker to you. The Personal Banker is an experienced officer who can advise you on any product or service. This assistance helps you manage your finances and plan your budget in more detail. Easy access to your Personal Banker saves you time.

International Business Units (IBUs) operate exclusively within Cyprus, with twelve locations across Nicosia, Limassol, Larnaca, and Paphos. These IBUs deliver a full suite of internationally focused services to foreign businesses and non-resident private clients.

The bank also maintains representative offices in Kyiv and Beijing, intended to support and inform international clientele and promote the Cyprus operations—but they do not function as IBUs.

Bank of Cyprus has exited Russia entirely and no longer maintains representative or business offices there.

ANTAMIVI Card Reward Scheme

The ANTAMIVI loyalty scheme rewards you for everyday card purchases by turning spending into points you can redeem instantly. With over 250 partner businesses and more than 700 outlets across Cyprus, it’s easy to earn and use rewards wherever you shop.

• Every 100 points = €1 in redeemable value
• All Bank of Cyprus cardholders are automatically enrolled — no sign-up needed
• The ANTAMIVI mobile app makes it simple to track points, find participating merchants, and redeem offers on the go

Enjoy effortless rewards just by using your Bank of Cyprus cards — online or in-store.

Salary accounts with the Bank of Cyprus

If you are an employee, you can open a salary account with the Bank of Cyprus. 

The key benefits:

• No initial banking charges when applying online via 1bank.
• An overdraft of up to three times your net monthly salary (maximum €10,000).
• First chequebook issued free of charge.
• Instant SMS alerts for all account transactions.
• Round-the-clock access to your funds via Internet and mobile banking.
• Free cash withdrawals at all Bank of Cyprus ATMs across Cyprus.
• Ability to make cashless payments at retail outlets using your card.
• Standing orders and direct debits available for loans, rent, utilities, insurance, and other recurring payments.
• Personal cheques supported.

Classic Savings accounts with the Bank of Cyprus

You can open classic savings accounts for free at any branch. 

Your benefits:

• Deposit and withdraw money anytime with no restrictions on date or minimum balance
• No withdrawal fees and no prior notice needed to access your funds.
• Convenient access to Internet and mobile banking to check your balance and make online payments.
• Ability to transfer funds easily from your salary or any other card to your savings account.
• Option to have your salary automatically credited to your savings account for bill payments.
• Bank card provided for free withdrawals at any Bank of Cyprus ATM in Cyprus.
• Savings accounts available to individuals, companies, associations, clubs, charities, and more.
• No expiry or renewal requirements for the account — it remains valid indefinitely.

Classic Fixed-Term Deposit accounts with the Bank of Cyprus

Classic time deposits are one of the most profitable banking products offered by the Bank of Cyprus. When you open a time deposit account, the interest rate is fixed at the start and remains unchanged throughout the entire deposit period, regardless of any market fluctuations. You will receive the interest payment in full upon the expiry of the deposit term.

With this type of account, you agree not to withdraw or add funds until the end of the contract. Classic time deposits can be opened for a variety of terms, including 1, 3, 6, 9, 12, 18, or 24 months. You will have access to both your original deposit and the accumulated interest only after the deposit term has ended.

‘Flexi Fix’ Term Deposit accounts with the Bank of Cyprus

The Flexi Fit deposit is an ideal option for customers who want the flexibility to access their funds during the contract term. This product allows up to 2 withdrawals within 12 months if the deposit is opened for a 12-month term, or one withdrawal if the deposit term is 6 months. Each withdrawal can be for up to 90% of the deposited amount.

There are no minimum or maximum limits for Flexi Fit deposits, but they can only be opened for either 6 or 12 months.

‘Monthly’ Fixed Term deposit with the Bank of Cyprus

The ‘Monthly’ Fixed Term deposit with the Bank of Cyprus can be opened for 6, 12, 18, or 24 months. Interest is accrued monthly at a fixed rate, giving you the advantage of regular interest payments without having to wait until the end of the term. All interest payments are credited directly to the account you specify. There is no limit on the amount you can deposit under this product.

International payment systems with the Bank of Cyprus

Bank of Cyprus has both Mastercard and Visa options for its clients, with distinctive benefits/

Ultimate travel cards from the Bank of Cyprus

The Bank of Cyprus offers individuals ultimate travel cards, Aegean Mastercard. Their advantages are as follows:

• Earn 1 award mile for every €1 spent
• Upon activation, receive 2 coupons in your Miles + Bonus account, each worth a €20 discount on your next flight
• Access to 1,200+ airport lounges worldwide (each visit costs €24)
• Free Flight Delay Pass service granting access to lounges for the cardholder plus 4 fellow travelers in over 100 countries

VISA credit and debit cards from the Bank of Cyprus

Visa credit cards

The Visa credit card is suitable for customers with a regular income. The Classic Visa card has an annual fee of €12.50 for the principal cardholder, with an additional cardholder fee of €5 per year.

For higher-income customers, Gold and Platinum Visa cards are available:

• Gold Card: €55 annual fee for the main cardholder, €25 for each additional cardholder
• Platinum Card: €90 annual fee for the principal cardholder, €65 for each additional cardholder

Key benefits include:

• A 20–40 day interest-free grace period when the balance is paid in full by the due date
• Free travel insurance for you and your family when you pay for trips with your Visa card
• A Student Travel program offering bonuses and incentives when tickets are paid using a parent’s Visa Gold or Platinum card
• Worldwide concierge services for Gold and Platinum cardholders
• Priority Pass access to over 600 VIP lounges in 100 cities globally (€24 per visit); Platinum cardholders receive a free annual Priority Pass membership
• 24/7 worldwide ATM access
• Instant SMS alerts for all transactions
• Earn loyalty points through the ANTAMIVI rewards program

Credit limits are tailored based on your financial situation.

Direct Visa

The Direct Visa card offers simple, secure, and direct access to your funds by linking directly to one of your bank accounts. It’s a convenient everyday banking product designed for ease of use.

Annual fees:

• Classic Direct Visa: No annual fee for both primary and additional cardholders
• Gold Direct Visa: €55 for the primary cardholder, €25 for each additional cardholder
• Platinum Direct Visa: €90 for the primary cardholder, €65 for each additional cardholder

Key benefits include:

• Earn loyalty points on all daily purchases
• Free travel insurance covering you and your family when using the card for travel expenses
• Student Travel Assistance program providing benefits for your children
• Complimentary concierge services for Gold and Platinum cardholders
• Access to over 600 VIP lounges worldwide via the Priority Pass program (€24 per visit); Platinum cardholders receive a free annual Priority Pass membership
• 24/7 access to all ATMs globally
• Instant SMS alerts for every transaction made

Special cards from the Bank of Cyprus

Prepaid Visa

The Prepaid Visa card is perfect for customers who want full control over their spending. You can set a maximum daily spending limit, ensuring you never exceed your budget. Any amount above the set limit is automatically blocked.

This card is simple to use and helps you manage your finances efficiently. The annual fee is €5.

Key benefits:

• No maximum limit on the amount you can load onto the card
• Easy top-ups at ATMs or online
• Choice of card design from five available colors
• Available for cardholders aged 12 and above
• Earn loyalty points on all daily transactions
• Usable in Cyprus and worldwide
• 24/7 ATM access globally
• Instant SMS notifications for every transaction

International payment systems with the Bank of Cyprus: MasterCard

MasterCard is one of the most popular payment methods in the world allowing you to manage and use your assets anywhere in the world. You can choose Mastercard credit and debit products.

Open your MasterCard Credit with the Bank of Cyprus

The Bank of Cyprus offers two MasterCard credit card options:

1. Classic MasterCard — Annual fee: €20 for the primary cardholder, €20 for each additional cardholder
2. Gold MasterCard — Annual fee: €50 for the primary cardholder, €25 for each additional cardholder

Key benefits include:

• Earn loyalty points on all daily purchases
• Free travel insurance when travel tickets are paid with Gold MasterCard
• 24/7 access and servicing at all ATMs worldwide
• 20–40 days interest-free grace period on purchases
• Instant SMS alerts for every transaction
• Contactless payment technology for quick, secure purchases
• Can be linked to your digital wallets (Apple Pay, Google Pay, etc.)

MasterCard Debit with the Bank of Cyprus

The MasterCard debit card is designed for managing and using your funds easily, giving you access to your money almost anywhere.

• Classic MasterCard Debit: Annual membership fee of €5 for both primary and supplementary cardholders
• Gold MasterCard Debit: Annual membership fee of €50 for the primary cardholder and €25 for each additional cardholder

Key benefits:

• Earn points on all daily transactions
• Free travel insurance when travel tickets are paid with Gold MasterCard debit cards
• 24/7 access and servicing at all ATMs worldwide
• Instant SMS notifications for every transaction
• Contactless payment technology for fast and secure purchases
• Can be linked to your digital wallets (Apple Pay, Google Pay, etc.)

Mastercard Blue with the Bank of Cyprus

The Blue MasterCard is a credit card that offers a flexible credit limit tailored to your financial situation, allowing you to perform banking transactions both in Cyprus and internationally. The annual maintenance fee is €15.

Key benefits:

• Earn points on all daily transactions
• Free travel insurance when travel tickets are paid with Gold cards
• 20–40 day interest-free grace period
• Credit limit customized based on your financial status and needs
• Credit repayments are made in equal monthly installments
• 24/7 access and servicing at all ATMs worldwide
• Contactless payment technology for quick, secure purchases
• Can be added to your digital wallets (Apple Pay, Google Pay, etc.)

Internet banking with the Bank of Cyprus

With the Bank of Cyprus, you can make transfers and other operations online, as well as track all the movements of funds remotely at any time for free.

Safety with the Bank of Cyprus

To protect your personal data and safeguard your funds from fraud, Bank of Cyprus offers the SMS Digipass and Digipass App. These tools generate secure, One-Time Passwords (OTPs) that verify every electronic banking transaction.

How it works:

• Easy to use anytime with internet or mobile banking
• Receive instant OTPs via SMS on your mobile phone, or use the Digipass App on your smartphone or tablet
• Internet banking users can enable Digipass through a dedicated Settings menu
• Manage and authorize your Trusted Devices directly via internet banking for extra security
• Set personalized daily transaction limits using Digipass to control your banking activity

This added layer of security helps ensure that your transactions are verified and your accounts remain protected at all times.

The procedure of personal account opening with the Bank of Cyprus

In order to open a personal account with the Bank of Cyprus, there is no need to visit Cyprus in person. To start the procedure, please contact us by e-mail in**@***********rt.com.

Our service fee for assistance in opening a personal account with the Bank of Cyprus starts from 2000 EUR. This is the minimum amount, and the actual total fee will depend on the amount of paperwork and the nature of specific issues with which we will need to help you. 

To open an account, you will need to compile the following documents:

• Completed, printed, and signed copies of the bank account opening form
• A notarized copy of your passport (pages with photo and signature)
• Proof of address– a utility bill not older than 3 months by the time of submission of your registration package (notarized)
• A Letter of recommendation from an official financial institution or law firm in the EU
• The proof of legal source of funds: a tax declaration or a payroll reference signed by your employer.

Please note: All documents must be translated into English and notarized.

A questionnaire will be filled out based on the information you provide. The latter requires you to read it, sign it, and send it to our e-mail address. After that, the whole package of documents, including the questionnaire, will be submitted to the bank’s representatives for consideration.

All the submitted papers will be considered by the bank according to its Policies and Procedures.

After the account is activated, you will receive all passwords and access to the internet and mobile banking. You can receive the ready-made cards by courier delivery.

Apply for an Account

Ready to get an account, enjoy the services and opportunities that the Bank of Cyprus has to offer, and enjoy the benefits of the various debit and credit cards on offer? Or maybe you want to learn more? Contact us to get started or get more information on opening a personal account in Cyprus with the Bank of Cyprus.