Heads up for those with stirling accounts in Cyprus.
It has been reported that transfers from UK stirling accounts to stg accounts in Cyprus banks are been routed incorrectly and causing loses on receipt.
It is said HSBC using Worldpay have been affected. Could be other UK banks too.
Instead of using the more expensive SWIFT , it seems Worldpay are sending stg to a French intermediary bank and it is getting exchanged to euros as that is the only currency used by the intermediary bank and then converted back to stg in Cyprus into your designated account.
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