Eurobank Cyprus

Eurobank has accounts for everyday banking, saving, shared finances and younger customers.

You can choose from:

• •Basic Account
• •Current Account
• •Joint Account
• •Savings Account
• •Fixed Deposit Account
• •Notice Account
• •My Account 18-25
• •Youth Club Account
• •Winners Team Account

The Basic Account covers the essentials, with a euro account and debit card for a fixed monthly fee. If you need extras such as a chequebook, overdraft or foreign-currency account, the Current Account gives you more options.

For savings, you can keep your money accessible, lock it away for a fixed period or choose a notice account that sits somewhere in between.

Eurobank works with both small businesses and larger companies. You can use it for day-to-day company banking, payroll and supplier payments, as well as financing for equipment, property or working capital.

Business products and services include:

• •Business Current Account
• •Business debit and credit cards
• •Payroll and supplier payments
• •Cash-management services
• •Overdrafts and working-capital finance
• •Business Green Loans
• •Capital-expenditure finance
• •Commercial-property finance
• •Financial leasing
• •Corporate banking
• •Automated banking
• •Factoring and trade services

The Business Current Account supports multiple currencies and lets you issue debit cards to team members. If your company handles a high volume of payments, Eurobank can also process bulk payment files or connect banking services with your accounting system.

Eurobank offers debit, credit and prepaid cards for everyday spending, teenagers and businesses. There are also higher-tier credit cards with extra travel and lifestyle benefits.

Available cards include:

• •Visa and Mastercard Debit
• •Teens Debit Visa
• •Visa and Mastercard Credit
• •Visa Gold Credit
• •Mastercard Platinum Credit
• •Mastercard World Elite Credit
• •Business debit and credit cards
• •Visa and Mastercard prepaid cards

Selected cards earn rewards through the €pistrofi programme, and you can add eligible cards to Apple Pay, Google Pay or Garmin Pay. The Eurobank Cyprus App also lets you check your PIN and temporarily freeze your card if you cannot find it.

Eurobank has a fairly wide lending range, so you are not limited to a standard personal loan or mortgage. There are separate options for cars, education, greener homes and vehicles, as well as borrowing for professionals and businesses.

Personal financing includes:

• •Home loans
• •Green home loans
• •Consumer loans
• •Personal loans through the mobile app
• •Car financing
• •Green car financing
• •Student loans
• •Professional loans
• •Overdrafts

If you already bank with Eurobank, you may be able to apply for a personal loan of up to €30,000 through the app. For approved loans up to €10,000, the money can be paid directly into your account without a branch visit. The bank will still review your finances before approving the loan.

You can do quite a lot through Eurobank Online Banking and the Eurobank Cyprus App without visiting a branch. Along with payments and transfers, you can manage cards, open selected deposits, download account documents and apply for certain credit products.

Through digital banking, you can:

• •Check balances and transactions
• •Move money between your accounts
• •Make local and international transfers
• •Send SEPA and SEPA Instant payments
• •Pay bills
• •Manage standing orders
• •View and manage cards
• •Create a virtual card
• •Open or change selected fixed deposits
• •Download payment confirmations
• •Request balance, interest and IBAN certificates

Eligible customers can also apply for loans, credit cards and overdrafts through the app. Some can be approved and signed digitally, while home and car-finance applications usually require additional steps.

Eurobank handles international customers through dedicated International Business Centres rather than standard personal banking alone. If you live abroad, run an international business or regularly deal in more than one currency, you can open accounts in euros and selected foreign currencies and use the bank for cross-border payments, lending and trade services.

International services include:

• •International Current Accounts
• •Euro and foreign-currency accounts
• •SEPA and SWIFT payments
• •Debit cards
• •International lending
• •Trade services
• •Shipping banking
• •Foreign-exchange services
• •Dedicated relationship support

To open an account, you first complete a questionnaire and then meet with the bank online or in person. Eurobank will ask about your income or business, why you need the account and the type of transactions you expect to make.

With Eurobank, you can choose how involved you want to be in managing your investments. You can make your own trades, get recommendations from an adviser or hand over day-to-day investment decisions to a portfolio manager working within an agreed strategy.

Investment products and services include:

• •Shares
• •Bonds
• •Investment funds
• •Structured products
• •Derivatives
• •Foreign exchange
• •Precious metals
• •Investment advice
• •Discretionary portfolio management
• •Global custody and depositary services
• •Wealth-management credit services

These services are available to both local and international customers. If you invest through Eurobank, check the fees, product risks and any minimum investment requirements first, as investments can lose value.

Eurobank also offers insurance through two companies in the group, with different providers handling life and general cover. You can insure yourself, your family, your home, your car or your business without dealing with a separate bank provider.

Available insurance includes:

• •Life insurance
• •Health insurance
• •Income protection
• •Savings and retirement plans
• •Motor insurance
• •Home and contents insurance
• •Business insurance

ERB Cyprialife handles life, health and longer-term savings products, while ERB Asfalistiki covers cars, homes and businesses. Your policy and any future claims are handled by the relevant insurance company rather than Eurobank itself.