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Cyprus Eastern Forum Index » Exchange Money & Rates » Bank Transfers
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Bank Transfers 
Post: #1   PostPosted: Sun Oct 12, 2014 5:05 pm Reply with quote
SilkmaninCyprus
Joined: 15 Oct 2013
Posts: 318
Pictures: 0
Location: Agia Thekla

 
Moving out at beginning of October next year and wondering which is the best and cheapest way to transfer rental money.
I want to keep my money with Barclays U.K.
Do I need to set up a bank account over here or can I do it cheaply online?
Thanks
Dave

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Post: #2   PostPosted: Sun Oct 12, 2014 6:04 pm Reply with quote
tannis
Joined: 24 Jan 2006
Posts: 975
Pictures: 0
Location: Newcastle/Paralimni

 
We've just transferred (online)1200 to bank of Cyprus from Barclays for deeds, they charged us 15 to transfer & got 1.235 for exchange rate. We normally put money into N&P (UK) and withdraw from cashpoint get 1.27 and no charges. Only did it as we weren't told deeds were ready otherwise would have bought cash over
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Post: #3   PostPosted: Mon Oct 13, 2014 6:15 am Reply with quote
dojoman
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Joined: 20 Jul 2008
Posts: 1672
Pictures: 0
Location: Eastern Cyprus

 
Yes you will need to open a bank account in Cyprus then Currency Fair is your best option IMHO. I keep our money in our UK bank accounts then transfer out as and when needed all done online. Current exchange rate is 1.2671, (bank rate is around 1.2333) and their fee is 3 euros no matter what the amount is your transferring. I usually request a transfer in the morning and it is in my BOC account early evening on the same day.

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They are an excellent company to deal with.
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Post: #4   PostPosted: Mon Oct 13, 2014 7:25 am Reply with quote
PPT
Joined: 22 Aug 2014
Posts: 187
Pictures: 0
Location: Cyprus

 
I second the recommendation for currency fair. Great rates and service.
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Bank Transfers 
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