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Cyprus

Bank account

TYPEDESCRIPTION
Area availability Available across Cyprus
Service type C2C / C2B / B2C / B2B
Currency EUR
Payout channel Bank transfer
Transaction turnaround time Instant SEPA
Within 15 minutes, available 24×7

SEPA
T+0 Cyprus business day*
Standard: UTC +2
Daylight: UTC +3

*Beneficiary banks that do not support Instant SEPA will be routed via standard SEPA.
Transaction limit Minimum limit per transaction: EUR 1.00
Maximum limit per transaction: EUR 999,999.00
Compliance daily limit per beneficiary: EUR 45,000.00*

*The transaction will be held for review if the sender or receiver exceeds the compliance limit.
Amount received Beneficiary received net amount as specified by sender.
Maximum number of beneficiaries No limit
Validation No account validation
Service charge The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® Service System and forwarded to the payout channel.
Cancellation Cancellation is on a best-effort basis.
Remarks • Business days in Cyprus are from Monday to Friday.
• Ensure the account number is IBAN account number.

Important notes
a) Mandatory fields for Cyprus bank transfer
Beneficiary address:
• Beneficiary City (bRegencyCode)
• Beneficiary Postcode (bPostcode)
• Beneficiary DOB
• Full address as registered with bank (bAddress)

Sender address:
• Sender City (sCity)
• Sender Postcode (sPostcode)
• Sender DOB

b) Please refer to SCT / SCT Inst on European Payments Council SEPA Participant Registers

c) Partner Screening
May delay transactions up to 48 business hours.

d) Compliance Check on Non-Business Day
Processing resumes on the next working day.

e) Industries Prone to Transaction Screening
Pharmacies selling copy products without proper authority approval, incl. e-pharmacies
Adult content websites are prohibited. Dating pages are 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 Value 1

Supported banks

NONAMEISSUER CODE
1SEPA CYPRUS PAYOUT357001

Telegraphic transfer

TYPEDESCRIPTION
Area availability Available across Cyprus
Service type C2C / B2C / C2B / B2B
Currency USD, EUR
Payout channel Telegraphic transfer
Transaction turnaround time Processing time may vary depending on the beneficiary bank’s cut-off time, local banking days, and the business hours of this country. Status updates may take up to three (3) business days.
Transaction limit Compliance daily limit per beneficiary*
USD 50,000.00
EUR 45,000.00

*The transaction will be held for review if the sender or receiver exceeds the compliance limit.
Amount received Beneficiary received net amount as specified by sender.
Maximum number of beneficiaries No limit
Validation No account validation
Service charge The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® Service System and forwarded to the payout channel.
Cancellation Cancellation is on a best-effort basis.
Remarks Business days in Cyprus are from Monday to Friday.

The beneficiary’s account currency must match the transaction currency (USD or EUR) to ensure successful crediting.

Branch code is optional. If provided, it must contain exactly 3 characters to avoid the transaction from being rejected.
Do_Transfer bAccType Value 11

List of SWIFT codes

NONAMESWIFT CODE
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