Compare Current Bank Accounts in Cyprus

Vivid Money — Standard

◦ Eligibility: For Freelancers
◦ Young people contract: No
◦ Type: Online Bank
◦ Currencies: EUR, GBP, USD & 20+ others
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ App: Yes
◦ Account opening channels: Online
◦ EU deposit guarantee: Up to €100,000
◦ Registration/documents: Personal Information: – Full name, citizenship, phone number, email address, and home address of the person applying to open the account. In Italy, we also require the gender to comply with Italian regulations. Identity verification is part of this step. Company Profile: – Name, legal entity type, registration number and date (if applicable), registration address, operational address, and website (optional). Directors – For General Business customers only. – Full names and email addresses of all directors. Each director must undergo identity verification through the link sent to their provided email. Subsequently, they’ll need to provide personal details such as full name, citizenship, date of birth, phone number, email address, and home address. – For companies registered in Italy, we require all directors to provide their gender, tax identification number and a copy of their ID document. Beneficial Owners – For General Business customers only. – Information for anyone with more than a 25% share in the company who otherwise controls or directs the business of the company. – For companies registered in Italy, we require all beneficial owners to provide their gender, tax identification number and a copy of their ID document. Company Documents – Submission of proof for the operating address (utility bills or rental agreement) and proof of business nature (sales invoice, supplier agreement, domain name ownership, etc.) if applicable. – Our team may request additional documents if necessary. Please check your email for notifications after completing the application. Failure to provide the required documents may result in delays or rejection of your application. Business Details – If applicable, the key countries of business activity, details about your company’s business activities, average monthly turnover, reasons for selecting the business country, and information about key partners.

Notes:
For freelancers

◦ Free ATM region: Worldwide
◦ Free allowance: €200/month free
◦ ATM fees:
3% of the withdrawal amount (min. €1) for withdrawals below €50 or above €200 per month; no FX markup on withdrawals in non-EUR currencies.
◦ FX/conversion on card withdrawals & purchases:
0% foreign transaction fee for card payments and withdrawals in non-EUR currencies (no FX markup over the exchange rate).

◦ Debit card providers available: Visa
◦ Credit card: not available
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ Card FX/foreign transaction notes:
0% foreign transaction fee for card payments and withdrawals in non-EUR currencies (no FX markup over the exchange rate).

◦ Maintenance fee: €0
◦ Interest on balance: 0.5% p.a.
◦ Overdraft: not available
◦ Transfers:
SEPA transfers (euro payments in EU/EEA): outgoing and incoming free. SWIFT transfers (international bank transfers): incoming free, outgoing €5 per transfer.

Vivid Money — Prime

◦ Eligibility: For Freelancers
◦ Young people contract: No
◦ Type: Online Bank
◦ Currencies: EUR, GBP, USD & 20+ others
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ App: Yes
◦ Account opening channels: Online
◦ EU deposit guarantee: Up to €100,000
◦ Registration/documents: Personal Information: – Full name, citizenship, phone number, email address, and home address of the person applying to open the account. In Italy, we also require the gender to comply with Italian regulations. Identity verification is part of this step. Company Profile: – Name, legal entity type, registration number and date (if applicable), registration address, operational address, and website (optional). Directors – For General Business customers only. – Full names and email addresses of all directors. Each director must undergo identity verification through the link sent to their provided email. Subsequently, they’ll need to provide personal details such as full name, citizenship, date of birth, phone number, email address, and home address. – For companies registered in Italy, we require all directors to provide their gender, tax identification number and a copy of their ID document. Beneficial Owners – For General Business customers only. – Information for anyone with more than a 25% share in the company who otherwise controls or directs the business of the company. – For companies registered in Italy, we require all beneficial owners to provide their gender, tax identification number and a copy of their ID document. Company Documents – Submission of proof for the operating address (utility bills or rental agreement) and proof of business nature (sales invoice, supplier agreement, domain name ownership, etc.) if applicable. – Our team may request additional documents if necessary. Please check your email for notifications after completing the application. Failure to provide the required documents may result in delays or rejection of your application. Business Details – If applicable, the key countries of business activity, details about your company’s business activities, average monthly turnover, reasons for selecting the business country, and information about key partners.

Notes:
For freelancers

◦ Free ATM region: Worldwide
◦ Free allowance: €1000/month free
◦ ATM fees:
3% of the withdrawal amount (min. €1) for withdrawals below €50 or above €1,000 per month; additional 1% FX markup on withdrawals in non-EUR currencies.
◦ FX/conversion on card withdrawals & purchases:
1% foreign transaction fee for card payments and withdrawals in non-EUR currencies (1% FX markup over the exchange rate).

◦ Debit card providers available: Visa
◦ Credit card: not available
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ Card FX/foreign transaction notes:
1% foreign transaction fee for card payments and withdrawals in non-EUR currencies (1% FX markup over the exchange rate).

◦ Maintenance fee: €8.21
◦ Interest on balance: 2.5% p.a.
◦ Overdraft: not available
◦ Transfers:
SEPA transfers (euro payments in EU/EEA): outgoing and incoming free. SWIFT transfers (international bank transfers): incoming free, 5 outgoing SWIFT transfers per month free, then €5 per transfer.

Vivid Money — Pro

◦ Eligibility: For Freelancers
◦ Young people contract: No
◦ Type: Online Bank
◦ Currencies: EUR, GBP, USD & 20+ others
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ App: Yes
◦ Account opening channels: Online
◦ EU deposit guarantee: Up to €100,000
◦ Registration/documents: Personal Information: – Full name, citizenship, phone number, email address, and home address of the person applying to open the account. In Italy, we also require the gender to comply with Italian regulations. Identity verification is part of this step. Company Profile: – Name, legal entity type, registration number and date (if applicable), registration address, operational address, and website (optional). Directors – For General Business customers only. – Full names and email addresses of all directors. Each director must undergo identity verification through the link sent to their provided email. Subsequently, they’ll need to provide personal details such as full name, citizenship, date of birth, phone number, email address, and home address. – For companies registered in Italy, we require all directors to provide their gender, tax identification number and a copy of their ID document. Beneficial Owners – For General Business customers only. – Information for anyone with more than a 25% share in the company who otherwise controls or directs the business of the company. – For companies registered in Italy, we require all beneficial owners to provide their gender, tax identification number and a copy of their ID document. Company Documents – Submission of proof for the operating address (utility bills or rental agreement) and proof of business nature (sales invoice, supplier agreement, domain name ownership, etc.) if applicable. – Our team may request additional documents if necessary. Please check your email for notifications after completing the application. Failure to provide the required documents may result in delays or rejection of your application. Business Details – If applicable, the key countries of business activity, details about your company’s business activities, average monthly turnover, reasons for selecting the business country, and information about key partners.

Notes:
For freelancers

◦ Free ATM region: Worldwide
◦ Free allowance: €1500/month free
◦ ATM fees:
3% of the withdrawal amount (min. €1) for withdrawals below €50 or above €1,500 per month; additional 1% FX markup on withdrawals in non-EUR currencies.
◦ FX/conversion on card withdrawals & purchases:
1% foreign transaction fee for card payments and withdrawals in non-EUR currencies (1% FX markup over the exchange rate).

◦ Debit card providers available: Visa
◦ Credit card: not available
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ Card FX/foreign transaction notes:
1% foreign transaction fee for card payments and withdrawals in non-EUR currencies (1% FX markup over the exchange rate).

◦ Maintenance fee: €22.49
◦ Interest on balance: 2.6% p.a.
◦ Overdraft: not available
◦ Transfers:
SEPA transfers (euro payments in EU/EEA): outgoing and incoming free. SWIFT transfers (international bank transfers): incoming free, 10 outgoing SWIFT transfers per month free, then €5 per transfer.

Vivid Money — Pro+

◦ Eligibility: For Freelancers
◦ Young people contract: No
◦ Type: Online Bank
◦ Currencies: EUR, GBP, USD & 20+ others
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ App: Yes
◦ Account opening channels: Online
◦ EU deposit guarantee: Up to €100,000
◦ Registration/documents: Personal Information: – Full name, citizenship, phone number, email address, and home address of the person applying to open the account. In Italy, we also require the gender to comply with Italian regulations. Identity verification is part of this step. Company Profile: – Name, legal entity type, registration number and date (if applicable), registration address, operational address, and website (optional). Directors – For General Business customers only. – Full names and email addresses of all directors. Each director must undergo identity verification through the link sent to their provided email. Subsequently, they’ll need to provide personal details such as full name, citizenship, date of birth, phone number, email address, and home address. – For companies registered in Italy, we require all directors to provide their gender, tax identification number and a copy of their ID document. Beneficial Owners – For General Business customers only. – Information for anyone with more than a 25% share in the company who otherwise controls or directs the business of the company. – For companies registered in Italy, we require all beneficial owners to provide their gender, tax identification number and a copy of their ID document. Company Documents – Submission of proof for the operating address (utility bills or rental agreement) and proof of business nature (sales invoice, supplier agreement, domain name ownership, etc.) if applicable. – Our team may request additional documents if necessary. Please check your email for notifications after completing the application. Failure to provide the required documents may result in delays or rejection of your application. Business Details – If applicable, the key countries of business activity, details about your company’s business activities, average monthly turnover, reasons for selecting the business country, and information about key partners.

Notes:
For freelancers

◦ Free ATM region: Worldwide
◦ Free allowance: €2000/month free
◦ ATM fees:
3% of the withdrawal amount (min. €1) for withdrawals below €50 or above €2,000 per month; additional 1% FX markup on withdrawals in non-EUR currencies.
◦ FX/conversion on card withdrawals & purchases:
1% foreign transaction fee for card payments and withdrawals in non-EUR currencies (1% FX markup over the exchange rate).

◦ Debit card providers available: Visa
◦ Credit card: not available
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ Card FX/foreign transaction notes:
1% foreign transaction fee for card payments and withdrawals in non-EUR currencies (1% FX markup over the exchange rate).

◦ Maintenance fee: €48.79
◦ Interest on balance: 2.7% p.a.
◦ Overdraft: not available
◦ Transfers:
SEPA transfers (euro payments in EU/EEA): outgoing and incoming free. SWIFT transfers (international bank transfers): incoming free, 15 outgoing SWIFT transfers per month free, then €5 per transfer.

Vivid Money — Free Start

◦ Eligibility: For Companies
◦ Young people contract: No
◦ Type: Online Bank
◦ Currencies: EUR, GBP, USD & 20+ others
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ App: Yes
◦ Account opening channels: Online
◦ EU deposit guarantee: Up to €100,000
◦ Registration/documents: Personal Information: – Full name, citizenship, phone number, email address, and home address of the person applying to open the account. In Italy, we also require the gender to comply with Italian regulations. Identity verification is part of this step. Company Profile: – Name, legal entity type, registration number and date (if applicable), registration address, operational address, and website (optional). Directors – For General Business customers only. – Full names and email addresses of all directors. Each director must undergo identity verification through the link sent to their provided email. Subsequently, they’ll need to provide personal details such as full name, citizenship, date of birth, phone number, email address, and home address. – For companies registered in Italy, we require all directors to provide their gender, tax identification number and a copy of their ID document. Beneficial Owners – For General Business customers only. – Information for anyone with more than a 25% share in the company who otherwise controls or directs the business of the company. – For companies registered in Italy, we require all beneficial owners to provide their gender, tax identification number and a copy of their ID document. Company Documents – Submission of proof for the operating address (utility bills or rental agreement) and proof of business nature (sales invoice, supplier agreement, domain name ownership, etc.) if applicable. – Our team may request additional documents if necessary. Please check your email for notifications after completing the application. Failure to provide the required documents may result in delays or rejection of your application. Business Details – If applicable, the key countries of business activity, details about your company’s business activities, average monthly turnover, reasons for selecting the business country, and information about key partners.

Notes:
For companies

◦ Free ATM region: Worldwide
◦ Free allowance: €100/month free
◦ ATM fees:
Above the free limit a 2% fee on the withdrawal amount applies.
◦ FX/conversion on card withdrawals & purchases:
2% fee on card payments and cash withdrawals in non-euro currencies (2% FX markup over the exchange rate).

◦ Debit card providers available: Visa
◦ Credit card: not available
◦ Wallets: Apple Pay · Google Pay · Garmin Pay
◦ Card FX/foreign transaction notes:
2% fee on card payments and cash withdrawals in non-euro currencies (2% FX markup over the exchange rate).

◦ Maintenance fee: €0
◦ Interest on balance: 0.1% p.a.
◦ Overdraft: not available
◦ Transfers:
SEPA transfers (euro bank transfers within EU/EEA): sending and receiving free. International bank transfers in foreign currencies: receiving free; sending €5 per transfer.