Banking & Insurance topics

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Opening an account

We're visiting Cyprus on a viewing trip in the near future to see a number of off plan properties. In the hope one will be suitable we've registered with a money exchange company, i'm speaking to solicitors who i believe wil ...

Gan insurance - waste of space

I recently tried to insure a new car I bought, it turns out the previous owner hadn't cancelled their insurance when I purchased mine online who was also insured with Gan. Ok, fair enough, they just had to visit a Gan branch ...

Hellenic Bank rates reduced

I have just been to the Hellenic Bank to get my mortgage reduced - please note that you have to apply to have your rate reduced and, if you have a mortgage that currently makes no charge for early repayment, then if you app ...

Bank deposit guarantee bill ready

Bank deposit guarantee bill ready By Elias Hazou A GOVERNMENT bill guaranteeing bank deposits up to €100,000 is in its final stages and should come before parliament for voting sometime over the next couple of ...

Mortgage arrears

I have been contacted recently by a number of people experiencing difficulties with their loan repayments and lack of communication with their bank. If anyone is experiencing problems and needs help please feel free to ...

interest rates in cyprus

Can anyone tell me what the bank interest rates are like in cyprus. Obviously they are incredibly low in the Uk at the moment. We don't know what to do with the money from the sale of our house (we don't need it until Decemb ...

Insurance

I aam trying to cancel insurance with Alpha bank as I have Insurance with Intasure, they are saying that I must take out insurance with a local company and do not accept an oversea company, I have sent details of all the cov ...

Help can I use this money.

I have a mortgage with a bank in Cyprus and havent started paying yet but will be soon .With out going into too much detail say I have 38,000 euros and 2000 euros has been added in interest can I use this extra money saying ...

Euro account in UK, access in Cyprus?

hi, my parents are coming out to stay in our house for a couple of months. Our account in Cyprus is with the Laiki. They will be wanting bank account access, so I have suggested opening a Euro account in the UK that they c ...

Timber Framed House and Insurance

Hello All... I signed up to this forum some time ago.... but because of travelling for work etc have not had a great many opportunities to contribute on a regular basis... I do however pop in as often as I can to catch up on ...

Sterling mortgage with Hellenic

I have a Sterling Mortgage with Hellenic at a rate of +2% over LIBOR. As the rate has been going down I thought for once, things were working in my favour. OK, I had to wait until the interest review period kicked in (every ...

Can I cancel life insurance?

My wife and I were told it was compulsory to have life insurance when we took out our cypriot mortgage back in 2006 and we were not given an option by Laiki bank, other than using Cyprialife, for our cover. Our policies a ...

canceling house insurance

we have just sold our apartment and we enquired with our bank manager if we could have a refund on our house insurance in which we had paid in full for the 12month. We were told no so he suggested that we give the insurance ...

Russian billions nearing 50 per cent of foreign deposits

Russian billions nearing 50 per cent of foreign deposits By Elias Hazou SEIZING upon reports of a mass influx of Russian money in the midst of the credit crunch, Finance Minister Charilaos Stavrakis yesterday ren ...

Bank of Cyprus Paralimni

Can someone let me have the phone number of the BOC branch on the main crossroads in Paralimni. I have online banking and if I leave a message I get a very quick polite reply from someone in online services saying they a ...

Building and Contents Insurance

Hi We are in the process of setting up a comittee and was wondering about buildings insurance. Our apartment is on the top floor of a block of 18 and it states in my contract that it is my responsibility to insure the ap ...

Cheque payment within the Euro area

Hi, If someone who lives in another Euro Currency area other than Cyprus wants to pay for something by Cheque, will there Euro Cheque be accepted in a Cypriot bank? Might sound like a bone question but I just thought t ...

Bank Security

Does anybody know what security your money has with Cypriot banks, i.e. in the UK £32,000 (I think) is safe if a bank goes under. Thanks. :) ...

cheapest way to get funds, including state and other pension

hi i wonder if anyone can advise please. i have had a wee browse through the topic but would like up to date info and any tips from retired expats who have moved here and regularly transfer money. what is the cheapest wa ...

Changing and depositing Coin into a Bank account

Ok, so I have a few hundred Euros in coin that I have already counted, seperated and bagged for easier counting. I want to deposit this into my Hellenic savings account. So today I went down to the Dhekelia Road branch and d ...

Alpha Bank

Hi all I'm in the process of purchasing an apartment in Kiti due to be completed May of this year with Alpha Bank providing the mortgage. I have today been advised that the Bank are reviewing all their mortgage offers ...

Laiki ebank "security token"

Just received a letter saying we've got to use a "security token" to be able to transfer money through www.laikiebank.com from 30 September 2008. They're charging €10 for the device plus mailing cost. Make sure you app ...

Banks?

BANKS? hi everyone. my name is Cosmo. and i'm a english cypriot. i'm new to this . i joined the forum as a result of what seems to be a bit of trickery by a bank employee. and i want to know if anyone else has ...

this site

use the return key. otherwise readers of the blogs end up with one long line of text which goes on and on but if you use the return key we all end up with shorter lines. go ...

Banking hours over christmas period.

Could someone please tell me when the banks in Cyprus are closing for the christmas period, and when they will re-open ? kind regards Phil. ...

Opening Bank Account

We walked into a BOC branch with only our passports[ we're not resident yet] and walked out half an hour later[ after much signing of papers] with sterling and euro bank accounts. ATM cards followed in the week along w ...

co-op banks cyprus?

:) thanks Tina and Alistair for co-op info, very helpful. ...

Building and Contents Insurance

Hello out there, Have just had the renewal cost for our building and contents insurance from the Laiki Bank and it is far too much. I need to find some good quotes. Would be greatful for updated replies. R ...

Bank Charges

Hello all Can anybody please advise. Have opened an account with the Bank of Cyprus. Was charged taking money out? Is this the normal every time you go in and withdraw money you get charged. Any insite would h ...

Travel Insurance

Hi, Just got a quote for Annual cover from www.swiftcover.com for travel within Europe. 2 Adults and 2 Youths under 18 - Total price £42 For more detailed cover - Illness, cancellation cover etc try these www.pjhayma ...

Cyprus bank deposits in the spotlight

Cyprus bank deposits in the spotlight Famagusta Gazette 09.OCT.08 The Cyprus government has decided to table before the House Representatives a bill for guaranteeing bank deposits, with a minimum amount of €100 ...

CYPRIOT BANKS

With all the finacial chaos thats taking place globally at the moment, does anyone have any info as to what would happen to our savings in a Cypriot bank if it went bust. Do they guarantee savings upto a certain amount as w ...

Mortgages changing bank

Does anyone know if its possible to swap your mortage to another bank here. Our discounted rate finishes in november and will go to about 6.5 percent. Ideally we want a fixed rate. If we can does anyone know how and how much ...

Banks

I wish to open a Cyprus bank account in Paralimni / Liopetri - what Id would I need and also, are there any banks that do savings accounts for non residents so I can get a bit of interest on my brass whilst looking for a gaf ...

Travel Insurance Problems for Cancer Patient

And here is another one... http://www.24drtravel.com/ Its worth a phone call Regards. Trev.. ...

Transfering money from UK to Cyprus

Hi everyone, We opened an account with Alphabank while we were in Cyprus, we've had all the internet banking details through. Does anyone know how to transfer money from UK banks to Cyprus. Can you do it online or do you ha ...

Setting up internet banking with Bank of Cyprus ?

We have an account with B O C (Ayia Napa branch) and we need to be able to transfer payments etc via the internet. Whilst in Cyprus we have enquired at the Ayia napa branch on a few occassions, however their response is less ...

Co-op Bank , Paralimni - telephone number

I'm looking for the telephone number of the Co-op Bank , Protaras Ave., Paralimni. Can anyone help please ? Maggie ...

Banking

Why not see if you can 'make an arrangement' with someone in Cyprus with a UK income, wanting to transfer funds the other way? Long shot but it IS possible; plenty of ex-pats here need to transfer their Sterling pensions ac ...

OFF-SHORE BANKING

Hi everyone I hope to soon move out to Larnaca. I am going to rent for the first 6 to 12 months. I have a house to sell here, and being with Barclays, they suggest that I put my house sale proceeds into a Barclays o ...

Wire transfer question relating to Hellenic Bank

I set up a bank account with Hellenic Bank in Paralimni when I was in Cyprus in March. I signed a ton of forms. Right now the account only has a few Euros in it. I did this because I will be moving to Cyprus next year and ...

Prudential Inherited Estate

Just in case anybody has any Prudential With Profit insurances or bonds, I thought I'd let you know that Richard Dyson will be publishing an article, in the Money Pages, in the Mail on Sunday tomorrow, 22nd June, about the p ...

money transfer to the UK from Cyprus

Hi, I wonder if anyone can advise on sending money to the UK from Cyprus. It is a large sum of money from a Laikie account to a personal acount in the UK. I am worried about huge charges and wondered if there were any money ...

Transferring funds between banks

Would anyone know if there would be a charge for transfering monies from one account to another in Cyprus (BOC account to Hellenic account)? Many thanks Lisa ...

Best bank in Cyprus

Hi At the risk of soundind stupid, which is the best bank to open account with in Cyprus? I'm sure that they all differ! Christine ...

car insurance

Thanks Wellerman, I was about to get a quote from Gan just to check the difference but wont bother now if its more expensive and just renew with Abbeygate next month. :lol: ...

Laiki & insurance, Intasure

Hello All Can somebody please give us some help and advise. We have a Swiss Mortgae with Laiki Bank which commenced last year. We took out insurance cover from th UK with Intasure. When I went back in Sept last year, f ...

Cheque Claearance Times

Hi, I need to pay Laiki Bank euro cheque into my BOC euro current account. I've never had to pay a cheque into my BOC account before. Does anyone know when the cheque will clear and the funds can be withdrawn? I have learnt ...

Health Insurance

Does anyone know of anyone who does health insurance that I can take out for my son's six month stay in Cyprus thanks Cath ...

Life Assurance - Do you know how it works?

Hi I have life assurance with Laiki Bank. I was told when taking it out that you can withdraw the money you have put in at any time and then carry on paying your premiums. I think I have got this right, we have been p ...