The Bank of Cyprus, listening to the needs of its customers, offers the option of opening an Instant Access Electronic Account (e-Instant) with zero administration fees.
The product is aimed at private 1bank subscribers aged 18 and over, who can benefit by opening their own account easily and quickly through Internet Banking and the Boc Mobile app, without incurring any account management costs and with a free subscription for the 1st year on a debit card. This account, at the same time, provides the possibility of processing transactions that also exists in other Bank accounts.
The account, which is automatically created in the subscriber's name only, is available for deposits of any amount and can be debited/credited through Internet Banking/Mobile Banking/ATM. Among other things, like other Bank of Cyprus accounts, it provides free outgoing payments via SEPA, for amounts up to 1,000 euros. It also gives the possibility to pay, through a standing bank order, loans, insurance premiums, rent or other expenses and through an automatic order to pay utility bills (direct debit).
In addition to e-Instant, Bank of Cyprus offers the Youth 18-25 account with zero administration costs.
Additionally, reduced fees are provided for the Basic Payments account.
Customers over 65 receive special commissions/charges.
In a period of high inflationary trends, Bank of Cyprus will always stand by its customers, understanding their needs, and continue to contributes in its own way to the effort to address the phenomenon of precision in their daily lives and will continue to create new products that will more economically meet the needs of customers.
For more information you can refer to the website of the Bank of Cyprus.
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