Internet Banking in Cyprus

Internet banking in Cyprus is possible since most of the banks there allow transactions to be carried out though the internet. This makes it possible for people with offshore businesses to take care of their finances wherever they are. Some of the internet banking services provided by Cyprus banks includes checking account balances, transferring money, paying of bills and accessing your bank statements.

The full payroll of your company may be paid through the internet. Internet banking in Cyprus saves a lot of time for the investors who are in and out of the country checking on other businesses.  Internet banking in Cyprus is very secure and effective as banks have put in place measures to protect their services such as encryption, the use of personal security codes, upper transfer limits, controlled access, etc.  

To benefit from internet banking, you must open a Cyprus bank account in one or more of the banks in Cyprus. Banks in Cyprus do not require you to be there in person when applying for a bank account and you can do this online. Profel can undertake all steps required, you only need to provide some of your personal details or corporate information if the account is to be opened for your company. For corporate entities, the registered address of the company and certificates which include a copy of the certificate of incorporation and a copy of the Memorandum and Articles of Association will be required. The bank will also need the authorized signatories for the business.