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Cyprus

Bank account

Service specification

TypeDescription
Direct to Bank methodDirect credit to bank account in EURO (EUR).

Supported beneficiary account type – Individual only
Supported sender account type – Individual only
Transaction Turnaround Time- Real-time: 24x7 (within 15 minutes).
- If the transactions hit under partner screening, it might take maximum 48 hours to completed (Business hours)
- If the transaction reaches a compliance check on a non-business day, it will be processed on the next working day.
- All transactions are processed via Instant SEPA (real-time), otherwise it will be rerouted to SEPA (T+0) for beneficiary banks that do not support Instant SEPA.
Area availabilityRelated countries offered under SEPA EURO
Validation / Verification· No system validation on account available.
· The account number is using IBAN account number
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction EUR 999,999.00
Minimum per Transaction EUR 1.00
Compliance accumulated limit EUR 45,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks· Beneficiary address including Beneficiary City (bRegencyCode), and Beneficiary Postcode (bPostcode) are Mandatory Fields.
· Beneficiary address (bAddress) must be the full address registered with the beneficiary bank.
. Sender address including Sender City (sCity), and Sender Postcode (sPostcode) are Mandatory Fields.
· Sender and Beneficiary DOB are Mandatory Fields

· Registers of Participants in SEPA payment and payment related schemes | European Payments Council: https://www.europeanpaymentscouncil.eu/what-we-do/be-involved/register-participants/registers-participants-sepa-payment-schemes > (please refer SCT Inst and SCT)

There are list of industries that might lead the transaction screening:
· Pharmacies selling copy products without proper authority approval, incl. e-pharmacies
· Pornography industry (dating pages is as such acceptable)
· Tobacco industry
· Cannabis or other drugs in any form
· Weapons in any forms, including dual-use goods.
· Atomic power
· Extractive industries
· Precious metals and stones
· Companies selling counterfeit or infringed products
· Companies selling, storing or trading in Crypto currencies
· Binary Option Traders
· Pyramid schemes in any form
· Unregulated charities
· File sharing companies
· Shell banks
Do_Transfer bAccType Value1

Supported bank

NoNameIssuer Code
1SEPA CYPRUS PAYOUT357001

Telegraphic transfer

Service Specification

TypeDescription
Direct to bank method Direct credit to bank accounts in US Dollar (USD) and Euro (EUR).

Supported beneficiary account type – Individual & Business
Supported sender account type – Individual & Business
Transaction turnaround time *T+1 business days for USD transaction processed and credited before 6pm (Mon-Fri) GMT +8.

*T+1 business days for EUR transaction processed and credited before 6pm (Mon-Fri) GMT +8.

Transaction sent on Saturdays, Sundays or public holidays will be processed on next Cypriot business day.

*Processing time may vary based on the beneficiary bank’s cut-off time.
Area availability Cyprus nationwide
Validation / Verification No system validation on account available.
Amount received Beneficiary received net amount as specified by sender.
Transaction limit
Types of limitAmount
Maximum per transactionN/A
Compliance accumulated limit per day per beneficiary (USD)USD 50,000.00
Compliance accumulated limit per day per beneficiary (EUR)EUR 45,000.00
Maximum beneficiary No restriction
Service charge The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® and forwarded to the payout channel.
Cancellation process Cancellation is on best-effort basis.
Remarks Beneficiary account currency must be the same with the currency of the transaction (USD or EUR).

Branch code is optional. If included, please enter exactly 3 characters to avoid the transaction being rejected.
Do_Transfer bAccType Value 11

List of Swift Codes

NoNameSwiftCode
1ADIRAM LIMITEDADRMCY21
2AEON PAYMENT TECHNOLOGIES LIMITEDAEPTCY22
3ALFA CAPITAL MARKETS LTDALFACY2N
4ALLIANCE FACTORS LTDALTOCY21
5ALPHA BANK CYPRUS LTDABKLCY2N
6AMG KAPITAL LIMITEDAMKACY21
7ANCORIA BANK LTDANCOCY2N
8APPLA TRADING LTDAPTDCY22
9ARAB JORDAN INVESTMENT BANK S.A -AJIBCY2I
10ARGUS STOCKBROKERS LIMITEDARSOCYN1
11ARTCAP EASTERN INVESTMENTS LIMITEDAREICY21
12ASTROBANK PUBLIC COMPANY LIMITEDPIRBCY2N
13ASTROBANK PUBLIC COMPANY LIMITEDUNVKCY2N
14ATHLOS CAPITAL INVESTMENT SERVICESACNSCY22
15ATLANTIC SECURITIES LTDATSICY21
16AXIA VENTURES (CYPRUS) LTD.AXVCCY21
17BANK OF BEIRUT S.A.L CYPRUS BRANCHBABECY2N
18BANK OF CYPRUS PUBLIC COMPANYBCYPCY2N
19BANKMED SAL - CYPRUSMEDLCY21
20BANQUE SBA - INTERNATIONAL BANKINGSBAACY2I
21BLOM BANK S.A.L.BLOMCY2I
22BNKPRO EUROPE LTDBNERCY22
23BOSON ALFA LTDBOFFCY21
24BROKERCREDITSERVICE (CYPRUS) LTDBCSUCY21
25CAPITAL COM IP LTDCPLMCY22
26CAPITAL INTELLIGENCE RATINGS LTDCAIYCY21
27CENTRAL BANK OF CYPRUSCBCYCY2N
28CENTRAL COOPERATIVE BANK PLCCECBCY2N
29CMA - RONIN EUROPE LIMITEDRNINCY2N
30COVERDEAL HOLDINGS LIMITEDCVHOCY21
31CSC EUROPE LIMITEDCSCCCYNL
32CYPRUS DEVELOPMENT BANK PUBLIC COMPCYDBCY2N
33CYPRUS STOCK EXCHANGEXCYSCY2N
34DFG CAPITAL (CYPRUS) LIMITEDDFCYCY21
35DRAGON CAPITAL (CYPRUS) LTDDRCCCY21
36ECOMMBX LIMITEDECBXCY2N
37ECOMMBX LIMITEDECMXCY22
38ECREDO LIMITEDECRDCY2L
39EGNARO INVESTMENTS LIMITEDEGINCY21
40ENTRIS EQUITY LIMITEDENEQCY21
41EPMAP LIMITEDEPMACY22
42ERB FUNDS VCIC PLCERBKCYF1
43EURIVEX LTDEUVXCY21
44EUROBANK CYPRUS USDERBKCY2N
45EUROORIENT SECURITIES AND FINANCIALEUSACY21
46EXOVO LTDEXOVCY22
47FASCINATING TRADING LIMITEDFATRCY21
48FENWAY SERVICES LIMITEDFESECY21
49FERVENT HOLDINGS LIMITEDFEHOCY21
50FFINEU INVESTMENTS LIMITEDFFIVCY21
51FINAM LIMITEDFNMACY21
52FINSTELLA LTDRCBLCY2I
53FINSTELLA LTDFNSFCY2I
54FINTAILOR INVESTMENTS LIMITEDFINTCY2L
55FIRST INVESTMENT BANK CYPRUS INTERNFINVCY2N
56FMC SECURITIES LTDFMSECY21
57FREEDOM FINANCE EUROPE LTDFRFECY2L
58FXPRO FINANCIAL SERVICES LIMITEDFXFSCY22
59GLESTIMON MANAGEMENT LIMITEDGLMNCY21
60GLOBAL CAPITAL SECURITIES AND FINANGCSFCY21
61GMM GLOBAL MONEY MANAGERS LTD.GGMMCY21
62GPB FINANCIAL SERVICES LIMITEDGPBFCY2L
63GREENPOST TRADING EUROPE LTDGRRECY22
64HAPIC LTDHAPCCY22
65HELLEN'S ROCK CAPITAL LTDHRCPCY2N
66HELLENIC BANK PUBLIC COMPANYHEBACY2N
67HOUSING FINANCE CORPORATIONHFICCY2N