Outgoing SWIFT Transfers
Co-operative Central Bank is contracted with a network of selected correspondents abroad, participates in the european payment system TARGET2 and can carry out, via the SWIFT system, instructions to transfer funds to beneficiaries abroad (cross-border transfers) in euros and in all the main foreign currencies. Instructions are carried out with a value date two days after the date of the instruction.
Same Day Value Outgoing SWIFT Transfers
Co-operative Central Bank offers the option of same day value transfers to beneficiaries abroad via SWIFT or in Cyprus via TARGET2.
Outgoing SEPA Transfers
Co-operative Central Bank participates in the SEPA Credit Transfer system and offers you the possibility to make transfers in euros to/from persons in member states of the Single Euro Payments System including domestic transfers to other credit institutions in Cyprus.
Transfers within the Co-operative Movement
Co-operative Central Bank can carry out instructions to/from persons banked with other Co-operative Credit Institutions through the Inter-coop transfers system.
Speedy dispatch of money abroad
Branches of the Co-operative Central Bank also offer a service for the speedy dispatch of money abroad through Western Union which allows you to immediately transfer money abroad without requiring use of a beneficiary’s account.
SEPA Standing Orders
Co-operative Central Bank undertakes the execution of standing orders for transferring regularly, fixed amounts to beneficiaries who hold accounts with the Bank or other credit institutions (Co-ops, banks in Cyprus or in the Single Euro Payments Area).
SEPA Direct Debit
Co-operative Central Bank participates in the SEPA Direct Debit system and can carry out direct debits to pay off your outstanding bills to Utility Organisations (CYTA, EAC, Nicosia Water Board, Sewerage Boards, Municipalities etc.) as well as to other organisations (Insurance companies, private telephony or television companies etc) in Cyprus or in the Single Euro Payments Area (SEPA).
Incoming SWIFT Transfers
Co-operative Central Bank can carry out instructions of incoming transfers received via SWIFT in euro or foreign currency and credit your account at any branch of the Co-operative Credit Sector.
Incoming SEPA Transfers
Co-operative Central Bank can carry out instructions for incoming transfers received through the SEPA Credit Transfer system in euro from the Central Bank (pensions, state payroll etc.) or from other banks in Cyprus or abroad and credit your account at any branch of the Co-operative Credit Sector.
The Co-operative Central Bank offers employers the option of multiple payments/payroll to pay their employees, via a transfer to their account in any credit institution in Cyprus (Co-ops or Banks in Cyprus or in SingleEuroPaymentsArea).