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Foreign Exchange Services
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a. Purchase and sale of foreign currencies

Purchase and sale of foreign currencies vis a vis the euro from the counters of the Cyprus Cooperative Bank at a low exchange rate

 

b. Foreign currency accounts

Accounts can be held in a foreign currency resulting from foreign currency deposits/transfers or from cash deposits in euro after conversion. 

·  two day notice accounts

·  fixed term deposit accounts

 

c. Issue of Banker Drafts in foreign or local currency

Cyprus Cooperative Bank issues banker drafts in foreign currency or in euro,  payable from selected foreign Banks  with which it cooperates

 

d. Purchase/deposit of cheques in foreign or local currency

Cyprus Cooperative Bank buys/ accepts for deposit and undertakes to clear cheques in foreign or local currency drawn on foreign banks

 

e. Foreign exchange rates

The Cyprus Cooperative Bank issues foreign exchange rates against the euro every day. These apply to

·  exchange of foreign notes

·  transfer of funds from/to abroad (remittances, bank cheques)

 

f. Interest rates for deposits in foreign currency

Cyprus Cooperative Bank offers competitive interest rates for deposits in foreign currency.

 

g. Forward contracts to buy/sell foreign currency

Cyprus Cooperative Bank offers forward contracts for the purchase or sale of funds in foreign currency at a fixed date in the future.