Best Current Bank Accounts in Cyprus (2025)

Revolut — Standard

◦ Eligibility: For everybody
◦ Young people contract: No
◦ Currencies: EUR, GBP, USD & 30+ others
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ App: Yes
◦ Account opening channels: App
◦ EU deposit guarantee: Up to €100,000

Notes:
You must first download the Revolut App in order to open an account over the app. Follow the link which will guid you.

Can be extended with business functionality by adding Revolut Pro. Revolut Pro is a simplified business account available within your personal Revolut app. It’s built to meet the needs of individuals with small, solo business ventures (such as freelance work or side-hustles), so they can organise spend, earn cashback, and take customer payments. This account is for self-employed people who may or may not be registered in local registries (depending on regional requirements). Revolut Pro is free of charge but does come with paid add ons.

◦ Free ATM region: Worldwide
◦ Free allowance: €200/month or 5 withdrawals free; 2% afterwards
◦ ATM fees:
Free up to €200 or 5 withdrawals (whichever comes first), then 2% per withdrawal (min €1)
◦ FX/conversion on card withdrawals & purchases:
Up to €1k / month: 1% fee on transaction volume on weekends; For amounts over 1k: 1% on transaction volume + 1% fee on weekends

◦ Debit card providers available: Visa, Mastercard
◦ Credit card: not available
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ Card FX/foreign transaction notes:
Up to €1k / month: 1% fee on transaction volume on weekends; For amounts over 1k: 1% on transaction volume + 1% fee on weekends

◦ Maintenance fee: €0
◦ Overdraft: not available
◦ Transfers:
Transfer fees:
– Revolut to Revolut transfers: free
– Local EUR bank transfers within Cyprus: free
– SEPA EUR bank transfers within the EEA (outside Cyprus): free
– Incoming bank transfers to your Revolut IBAN: free
– International bank transfers outside SEPA in the recipient’s local currency: 0.15% of the amount, currency-specific minimums per fee table, maximum €300 per transfer
– International bank transfers outside SEPA in a currency that is not the recipient’s local currency: flat fee €3 for USD/GBP/EUR/CHF or €5 for any other currency
– Transfers to external cards: 0.70% (min €0.20) to Group A, 1% (min €1) to Group B, 2.30% (min €0.42) everywhere else
– Scheduled local EUR bank transfers within Cyprus: free
– Scheduled SEPA EUR bank transfers within the EEA (outside Cyprus): free
– Scheduled international bank transfers outside SEPA in the recipient’s local currency: 0.15% of the amount, currency-specific minimums per fee table, maximum €300 per transfer
– Scheduled international bank transfers outside SEPA in a currency that is not the recipient’s local currency: flat fee €3 for USD/GBP/EUR/CHF or €5 for any other currency

Revolut — Plus

◦ Eligibility: For everybody
◦ Young people contract: No
◦ Currencies: EUR, GBP, USD & 30+ others
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ App: Yes
◦ Account opening channels: App
◦ EU deposit guarantee: Up to €100,000

Notes:
You must first download the Revolut App in order to open an account over the app. Follow the link which will guid you.

Can be extended with business functionality by adding Revolut Pro. Revolut Pro is a simplified business account available within your personal Revolut app. It’s built to meet the needs of individuals with small, solo business ventures (such as freelance work or side-hustles), so they can organise spend, earn cashback, and take customer payments. This account is for self-employed people who may or may not be registered in local registries (depending on regional requirements). Revolut Pro is free of charge but does come with paid add ons.

◦ Free ATM region: Worldwide
◦ Free allowance: €200/month; 2% afterwards
◦ ATM fees:
Free up to €200, then 2% (min €1)
◦ FX/conversion on card withdrawals & purchases:
Up to €3k / month: 0.5% fee on transaction volume on weekends; For amounts over 3k: 0.5% on transaction volume + 0.5% fee on weekends

◦ Debit card providers available: Visa, Mastercard
◦ Credit card: not available
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ Card FX/foreign transaction notes:
Up to €3k / month: 0.5% fee on transaction volume on weekends; For amounts over 3k: 0.5% on transaction volume + 0.5% fee on weekends

◦ Maintenance fee: €3.99
◦ Overdraft: not available
◦ Transfers:
Transfer fees:
– Revolut to Revolut transfers: free
– Local EUR bank transfers within Cyprus: free
– SEPA EUR bank transfers within the EEA (outside Cyprus): free
– Incoming bank transfers to your Revolut IBAN: free
– International bank transfers outside SEPA in the recipient’s local currency: 0.15% of the amount, currency-specific minimums per fee table, maximum €300 per transfer
– International bank transfers outside SEPA in a currency that is not the recipient’s local currency: flat fee €3 for USD/GBP/EUR/CHF or €5 for any other currency
– Transfers to external cards: 0.70% (min €0.20) to Group A, 1% (min €1) to Group B, 2.30% (min €0.42) everywhere else
– Scheduled local EUR bank transfers within Cyprus: free
– Scheduled SEPA EUR bank transfers within the EEA (outside Cyprus): free
– Scheduled international bank transfers outside SEPA in the recipient’s local currency: 0.15% of the amount, currency-specific minimums per fee table, maximum €300 per transfer
– Scheduled international bank transfers outside SEPA in a currency that is not the recipient’s local currency: flat fee €3 for USD/GBP/EUR/CHF or €5 for any other currency

Bank of Cyprus — Current Account with Limit

◦ Eligibility: For everybody
◦ Young people contract: No
◦ Type: Branch Bank
◦ Currencies: EUR, USD, GBP
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ App: Yes
◦ Account opening channels: Online, App, Branch
◦ EU deposit guarantee: Up to €100,000

◦ Free ATM region: ATMs
– Bank of Cyprus ATMs in Cyprus: free for debit cards and prepaid cards
– Special groups (#4YOUTH 18–25, JOEY, customers 65+, and 18–25 with Quick Accounts): the usual “other banks’ ATM” cash-advance fee does not apply worldwide; the 3% currency admin fee is also waived for #4YOUTH and Quick Accounts 18–25

Branch counters
– Accounts with basic features for customers over 65: cash withdrawal free
◦ Free allowance: BOC ATMs (debit): no limit on number or amount of free withdrawals
Special groups at other banks’ ATMs: no volume cap; fee waiver per tariff notes applies as above
Accounts with basic features 65+ at counter: no amount cap
◦ ATM fees:
ATMs
– BOC ATMs (Cyprus): Debit withdrawals from your current account free
– Other banks’ ATMs, EUR or SEK transaction: €3 (EUR cards), $4 (USD cards), £3 (GBP cards)
– Other banks’ ATMs, any other currency: 3.33% fee, minimum €5 / $7 / £5
– Currency conversion on any debit withdrawal: +3% administration fee when the transaction currency isn’t EUR or SEK; special exemptions for #4YOUTH and Quick Accounts 18–25

Branch counters
– Cash withdrawal in Euro: 1.5‰ of amount, minimum €1, maximum €5
– Customers 65+: 1.5‰ minimum €1 maximum €2; “accounts with basic features” for customers over 65 free
◦ FX/conversion on card withdrawals & purchases:
Debit Card: 3% fee on the turnover for transactions in a currency other than the account currency (i.e., non-euro)
Credit Card: 3% fee on the turnover for transactions in a currency other than € or SEK (Swedish Krona)

◦ Debit card providers available: Visa, Mastercard
◦ Debit card monthly fees: €7.57
◦ Credit card providers available: Visa and Mastercard
◦ Credit card monthly fees: €12.51
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ Card FX/foreign transaction notes:
Debit Card: 3% fee on the turnover for transactions in a currency other than the account currency (i.e., non-euro)
Credit Card: 3% fee on the turnover for transactions in a currency other than € or SEK (Swedish Krona)

◦ Maintenance fee: enter overdraft in filter
◦ Overdraft: available — borrower-specific% p.a. — The overdraft rate is borrower-specific and linked to the bank’s base rates
◦ Transfers:
Between BOC accounts (same currency)
– Between your own accounts: branch €2, online (1bank) free
– To another BOC customer: branch €7, online (1bank) free
– Ledger fee for transfers done over the counter: €0.15 per transaction

Outgoing SEPA credit transfers in EUR (within Cyprus/EU) up to €50,000
– Online (1bank): ≤€1,000 free; €1,000–€5,000 €3; €5,000–€50,000 €6
– At a branch: ≤€1,000 €6; €1,000–€5,000 €8; €5,000–€50,000 €12

Outgoing NON-SEPA / EUR over €50,000 / any foreign currency
– Branch: 0.20% min €7 max €500 + processing €15
– Online (1bank): 0.15% min €5 max €250 + processing €10
– Same-day SWIFT (same currency): +0.05% min €20 max €200
– Correspondent charges (OUR): ≤€10,000 €12; €10,000–€50,000 €40; >€50,000 €60
– Exchange commission whenever a currency conversion occurs: 0.40% min €5 max €400

Incoming transfers to your BOC current account
– In EUR: up to €10,000 free; €10,000–€50,000 €4; over €50,000 €30
– In foreign currency: up to €2,000 €2; €2,000–€50,000 €10; over €50,000 €40
– Discrepancy (investigation/repair) charge: €30

Standing orders & direct debits
– Standing order setup/modify: branch €10 (free for customers 65+), online free
– Standing order execution: to BOC accounts free; to other banks within SEPA €3; non-execution due to insufficient funds €5
– SEPA Direct Debit return due to insufficient funds: €1

Ancoria Bank — Current Account with Limit

◦ Eligibility: For everybody
◦ Young people contract: No
◦ Type: Branch Bank
◦ Currencies: EUR, GBP, USD, SEK, JPY, CHF, PLN
◦ Wallets: Google Pay
◦ App: Yes
◦ Account opening channels: App, Branch
◦ EU deposit guarantee: Up to €100,000

Notes:
Follow the link to download the app to open the account there or visit a branch

◦ Free ATM region: Cyprus (all ATMs)
◦ Free allowance: 10 withdrawals per month
◦ ATM fees:
WIthdrawals:
– Cash withdrawal at branch (euro) — Up to €1,000 — Free
– Cash withdrawal at branch (euro) — Over €1,000 — 0.10% (min €2.00)
– Cash withdrawal at branch (non-euro banknotes) — Any amount — 0.50% (min €5.00)
– Cash withdrawal at branch (coins) — Over €50 in coins — 2.50% (min €5.00)

– ATM cash withdrawal (Cyprus) — Student Debit Card — First 10 per month Free; then €2.00/withdrawal
– ATM cash withdrawal (Cyprus) — All other Debit Cards — First 10 per month Free; then €2.50/withdrawal

– ATM cash withdrawal (within EEA) — Student Debit Card — First 5 per month Free; then €2.00/withdrawal
– ATM cash withdrawal (within EEA) — All other Debit Cards — €2.50/withdrawal (no free allowance)

– ATM cash withdrawal (outside EEA) — Student Debit Card — First 5 per month Free; then €2.50 + 1.50% of amount (min €1.45); total min €3.95
– ATM cash withdrawal (outside EEA) — All other Debit Cards — €2.50 + 1.50% of amount (min €2.50); total min €5.00

– ATM balance enquiry (outside EEA) — €1.50
◦ FX/conversion on card withdrawals & purchases:
Foreign transaction fee (non-euro card payments) — Student Debit Card — 2.50% (min €3.45) — applied via Visa exchange rate
Foreign transaction fee (non-euro card payments) — All other Debit Cards — 2.95% (min €3.95) — applied via Visa exchange rate

◦ Debit card providers available: Visa
◦ Debit card monthly fees: €5
◦ Credit card: not available
◦ Wallets: Google Pay
◦ Card FX/foreign transaction notes:
Foreign transaction fee (non-euro card payments) — Student Debit Card — 2.50% (min €3.45) — applied via Visa exchange rate
Foreign transaction fee (non-euro card payments) — All other Debit Cards — 2.95% (min €3.95) — applied via Visa exchange rate

◦ Maintenance fee: enter overdraft in filter
◦ Overdraft: available — borrower-specific% p.a. — The overdraft rate is borrower-specific and linked to the bank’s base rates
◦ Transfers:
Transfer charges:
– SEPA within bank — Any channel — Any amount — Free
– SEPA outside bank (standard) — Banking Centre — Up to €1,000 — €5.00
– SEPA outside bank (standard) — Electronic Banking (myAncoria) — Up to €1,000 — €1.00
– SEPA outside bank (standard) — Banking Centre — €1,001–€50,000 — €8.00
– SEPA outside bank (standard) — Electronic Banking (myAncoria) — €1,001–€50,000 — €5.00
– SEPA outside bank (standard; additional commission) — Banking Centre — €50,001–€100,000 — +€35.00 (in addition to processing fees)
– SEPA outside bank (standard; additional commission) — Electronic Banking (myAncoria) — €50,001–€100,000 — +€20.00 (in addition to processing fees)
– SEPA outside bank (standard; additional commission) — Banking Centre — Over €100,000 — +0.02% (min €40.00, max €250.00) (in addition to processing fees)
– SEPA outside bank (standard; additional commission) — Electronic Banking (myAncoria) — Over €100,000 — +0.01% (min €23.00, max €150.00) (in addition to processing fees)
– SEPA Instant — Banking Centre — Up to €2,000 — Free
– SEPA Instant — Electronic Banking (myAncoria) — Up to €2,000 — Free
– SEPA Instant — Banking Centre — €2,001–€5,000 — €3.00
– SEPA Instant — Electronic Banking (myAncoria) — €2,001–€5,000 — €3.00
– SEPA Instant — Banking Centre — Over €5,000 — €8.00
– SEPA Instant — Electronic Banking (myAncoria) — Over €5,000 — €5.00
– Non-SEPA (SWIFT) — Banking Centre — Any amount — 0.20% (min €7.00, max €250.00)
– Non-SEPA (SWIFT) — Electronic Banking (myAncoria) — Any amount — 0.05% (min €5.00, max €125.00)

ALPHA BANK — Alpha 100 with overdraft

◦ Eligibility: For everybody
◦ Young people contract: No
◦ Type: Branch Bank
◦ Currencies: Single currency
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ App: Yes
◦ Account opening channels: Online, App, Branch
◦ EU deposit guarantee: Up to €100,000
◦ Registration/documents: Copy of a valid ID or Passport
Proof of permanent address (e.g. utility bill) in your name, not older than 6 months
Proof of income (e.g. payslip) not older than 3 months or certificate of student status (for students)

Notes:
Maintenance Fee: 1% of reviewed limit (min €30, max €1,000); For facilities with cash collateral: 0.10% on the reviewed amount, Min. €30 / Max. €1,000

◦ Free ATM region: Alpha Bank Cyprus ATMs (own network in Cyprus)
◦ Free allowance: No limit on free withdrawals at Alpha Bank Cyprus ATMs
◦ ATM fees:
Other banks’ ATMs (Cyprus & abroad; all currencies):
– Enter Mastercard: €2.50 per withdrawal
– Gold Mastercard: 3.33% per withdrawal (min €2.50)

Branch cash withdrawals (EUR):
– 0.15% per transaction
– up to €5,000: minimum €3, maximum €5
– €5,000–€50,000: minimum €5, maximum €7
-over €50,000: 0.15%

Branch cash withdrawals (foreign currency):
– 0.5% per transaction + currency exchange fee
◦ FX/conversion on card withdrawals & purchases:
Fee on debit card purchases if in Euro or Swedish Krona: free
Fee on debit card purchases in currency other than Euro / Swedish Krona: 2.70% of transaction amount

◦ Debit card providers available: Mastercard
◦ Debit card monthly fees: €605,050
◦ Credit card: not available
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ Card FX/foreign transaction notes:
Fee on debit card purchases if in Euro or Swedish Krona: free
Fee on debit card purchases in currency other than Euro / Swedish Krona: 2.70% of transaction amount

◦ Maintenance fee: enter overdraft in filter
◦ Overdraft: available — borrower-specific% p.a. — The overdraft rate is borrower-specific and linked to the bank’s base rates
◦ Transfers:
RETAIL CUSTOMERS (regular customer) — INTERNET BANKING
– SEPA euro transfers (within EU/EEA): up to €1,000 free • €1,000 to €10,000 €7 • €10,000 to €50,000 €10 • over €50,000 0.06% of the amount (max €300) + 0.20% of the amount (min €7, max €500)
– Non-SEPA euro transfers within EU/EEA: same prices as SEPA above
– Euro transfers outside EU/EEA: up to €50,000 €30 • over €50,000 0.06% of the amount (max €300) + 0.20% of the amount (min €7, max €500)
– Transfers in foreign currency within EU/EEA: up to €1,000 free • €1,000 to €10,000 €7 • €10,000 to €50,000 €10 • over €50,000 0.06% of the amount (max €300) + 0.20% of the amount (min €7, max €500)
– Transfers in foreign currency outside EU/EEA: up to €50,000 €30 • over €50,000 0.06% of the amount (max €300) + 0.20% of the amount (min €7, max €500)
– Standing orders: set-up online €0 • payments to Alpha Bank accounts €0 • payments to other banks use the prices above
– Direct debits: set-up €0 • execution €0

RETAIL CUSTOMERS (regular customer) — BRANCH
– SEPA euro transfers (within EU/EEA): up to €1,000 €8 • €1,000 to €5,000 €13 • €5,000 to €10,000 €16 • €10,000 to €30,000 €20 • €30,000 to €50,000 €26 • + 0.10% of the amount up to €50,000 (max €500) • over €50,000 add 0.20% of the amount (min €7, max €500)
– Non-SEPA euro transfers within EU/EEA: same fixed prices as above and same 0.10% / 0.20% rules
– Euro transfers outside EU/EEA: up to €50,000 €35 • over €50,000 0.10% of the amount (max €500) • plus 0.20% of the amount (min €7, max €500)
– Transfers in foreign currency within EU/EEA: up to €1,000 €8 • €1,000 to €5,000 €13 • €5,000 to €10,000 €16 • €10,000 to €30,000 €20 • €30,000 to €50,000 €26 • more than €50,000 0,1% (max 500) • plus currency exchange fee 0.50% (min €10, max €500)
– Transfers in foreign currency outside EU/EEA: up to €50,000 €35 • over €50,000 0.1% of the amount (max €500) • plus currency exchange fee 0.50% (min €10, max €500)
– Standing orders: set-up €5 • payments to Alpha Bank accounts €0 • payments to other banks use the prices above
– Direct debits: set-up €0 • execution €0