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Cyprus Eastern Forum Index » Banking, Insurance & Investments » opening bank account
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opening bank account 
Post: #1   PostPosted: Wed Sep 11, 2019 6:39 pm Reply with quote
madmum
Joined: 01 May 2016
Posts: 1156
Pictures: 0
Location: protaras

 
Is is usual for all banks to ask you to deposit 1000 euro to open an account?? friend from UK is looking at buying an apartment here as comes every 2-3 months. So she is trying to open an account with BOC. she has shown me the application form she has downloaded which says need to deposit 1k. and show 6 months bills as proof she is resident here.
well of course she isnt and wont be as only needs bank account for when buys holiday home

I certainly didnt put in a large amount of money when opened my account 3 years ago. only about 200 not paying in more till actually moved here months later.

have advised her next time she is here to go into a branch explaining not resident and see if can deposit a smaller amount.
Suppose she could pay the 1k and withdraw most of it once account is open
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opening bank account 
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