GSL / Offshore and International Law / Offshore Banking / Alpha Bank Cyprus Ltd

How to open a bank account in Alpha Bank Cyprus Ltd

GSL reference about the bank Что это?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

Beginning of cooperation

January, 2003

Last contact

May, 2022

Last update

March, 2021

Primary requirements:
- Instruction of the Central Bank of Cyprus dated June 2018: a ban on opening accounts with shell companies;
- is currently opening accounts for companies whose activities are affiliated with Cyprus;
- opens current accounts for companies and individuals;
- no visit to the bank is required;
- there are no requirements for minimum balances, but if the funds on the account do not appear within 3 months, the account may be closed;
- the term for opening an account - case by case (check with the consultant).
Alpha Bank Cyprus Ltd is part of the international Alpha Bank Group, one of the Greek leading banking and financial groups. The bank has branches in all Cyprus cities and has Russian-speaking staff. It also has a representative office in Moscow the officers of which are always ready to assist with any queries.
As for the account opening procedure, one should be prepared to have an account fully operative (i.e. allowing both for incoming and outgoing transactions) only after some time, and this time may often exceed the expected one. In other words, there may be some delays when the account is just being opened.
 
 

Beginning of cooperation
January, 2003
Last contact
May, 2022
Last update
March, 2021
Your Consultant
Поиск консультанта...

Поиск консультанта...

General information and rating

1 172
Global rating
6
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1879
History
Alpha Bank, founded in 1879, is one of the largest banks in Greece. The bank has a lot of subsidiary financial, insurance, and investment companies and has over 400 branches in Greece. The Alpha Bank Group is also active in the international banking markets, with presence in Cyprus, Romania, Bulgaria, Serbia, Ukraine, Albania and the United Kingdom. Alpha Bank made its first appearance in Cyprus in 1998 with the acquisition of Lombard Natwest Bank. It was renamed Alpha Bank Limited and later Alpha Bank Cyprus Ltd
Personnel
The Bank employs over 750 members of staff, bank staff speaks different languages, including Russian
Bank’s shareholders
Alpha Bank AE (Athens Greece) - 100%
Confidentiality
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.
Compare banks

    Minimum requirements

    Minimum balance, €
    Transactions permitted per month
    0
    Initial deposit of funds, €
    3
    Deadline for the initial deposit, month
    Transactions permitted per month
    The bank does not limit the number of transaction
    Initial deposit of funds, €
    Not required. However, if the funds are not transferred to the account within 3 months, the account may be closed; you will need to contact a bank officer in this case
    Minimum turnover, €/year
    No requirement for the minimum turnover
    How fast payments are executed
    Outgoing payment is made one business day after receiving instructions. Urgent payment is made on the same day, the commission depends on the amount of the transfer

    Tariffs and services

    50
    Outcoming transfer, €
    26
    Incoming transfer, €
    140
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    0.1%, min. EUR 25, max. EUR 510
    Incoming transfer, €
    Up to EUR 1 710 - EUR 12; over EUR 1 710 - EUR 25.50
    Account maintenance, €/year
    EUR 140 per annum (corporate account); EUR 70 per annum (personal account)
    Distant access to the account
    Management is carried out through the Bank-Client system (Alpha Express Banking), it is also possible to use fax
    Financial products
    International transfers (SWIFT, telex, cheque or postal order), documentary letters of credit, trade finance, forfeiting, dealing operations, debentures and guarantees, loans in all currencies, currency trading, custody services, investment services, shipping services, assistance with and loans for purchasing Cyprus real estate
    Credit/debit cards
    VISA Silver, VISA Gold - debit card, linked to a current account
    Hold mail
    EUR 140 per annum (corporate account); EUR 85 per annum (personal account)

    Account opening procedure

    Days to open for incoming transfers
    case by case
    Days to open for outcoming transfers
    case by case
    References
    Necessary
    Purpose of the account
    Current
    Visit to the bank
    Not required
    Required
    Bank application forms; copy of the passport, KYC (business description, source of funds); corporate documents (corporate account), bank reference letter
    Types of accounts
    Personal; Corporate; Savings; Current
    Opening procedure and Due Diligence
    It is possible to open an account without visiting the country where the bank is located
    Chances to open an account
    Predictable
    Business description
    Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed
    Need a consultation from a specialist?
    Share on social media:

    Add a comment

    By clicking the «Send» button, you agree to the processing of personal data in accordance with the terms of our privacy policy

    RU EN