Money & paperwork
Cyprus Banking Fee Comparison
Compare fees and features across the main banks available to Cyprus residents.
| Metric | Bank of Cyprustraditional | Hellenic Banktraditional | AstroBanktraditional | Revolutdigital | Wisedigital |
|---|---|---|---|---|---|
| Monthly fee (€) | €6 | €5 | €5 | €0 | €0 |
| Outbound wire: EU (€) | €5 | €4 | €6 | €0 | €0.5 |
| Outbound wire: Non-EU (€) | €25 | €22 | €20 | €3 | €2 |
| Incoming wire fee (€) | €3 | €3 | €2 | €0 | €0 |
| Free ATM withdrawals/mo | 0 | 0 | 0 | 5 | 2 |
| FX markup (%) | 2.5% | 2.5% | 2% | 0% | 0.35% |
| Online banking | Yes | Yes | Yes | Yes | Yes |
| English app/portal | Yes | Yes | Yes | Yes | Yes |
| Account opening (days) | ~21 | ~18 | ~14 | ~1 | ~1 |
| Non-EU applicant friendly | Yes | Yes | Yes | Yes | Yes |
Highlighted cells show the best value in each row.
Decision guide: if you need...
| If you need | Use | Why |
|---|---|---|
| A CY-prefix IBAN for your landlord and utilities | Bank of Cyprus, Hellenic Bank, or AstroBank | Revolut/Wise use LT/BE IBANs: often rejected by landlords. |
| The fastest account opening (arriving this week) | Revolut or Wise | Open the same day. Use as a bridge while your traditional account processes. |
| Frequent international transfers at lowest cost | Wise | Near mid-market FX rate, low flat fee. Significantly cheaper than traditional banks for non-EU transfers. |
| Non-EU passport or complex source of funds | AstroBank | Historically more accommodating for MENA, CIS, and South Asian profiles. |
| Travelling frequently: zero ATM fees, no FX markup | Revolut (Standard plan) | 5 free ATM withdrawals/mo, real exchange rate, instant freeze/unfreeze. |
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