When you spend your vacation in Cyprus, you do not need to worry about your banking system. There are many local and international banks operating in Cyprus. And there are ATM machines that will allow you to take money with your card. The only thing that you need to make sure is that your card is compatible to be used outside your home country.

If you think you need to, you can open a bank account in Cyprus. The banks usually employ English speaking people so you will not have any problems in doing your transactions. Please make sure about the commission rates of the bank if you need to receive or transfer money from your home country to Cyprus.

Some well-known banks in Cyprus:

Bank of Cyprus
This is a Cypriot bank which operates internationally in Cyprus, United Kingdom, Australia, Romania, and Greece. You can check the website, which is available in Greek and English at www.bankofcyprus.com, or call them at 800.00.800.

Central Bank of Cyprus
This bank has operated in many years starting in 1963. You can check their services from its corporate website, available in Greek and English, at www.centralbank.gov.cy. To request some information, you can call them at +357 22 71 41 00.

Cyprus Development Bank
This bank offers many corporate services for local and international corporations. You can check the complete offers at www.cdb.com.cy, call them at +357 22846500, or visit them at this following address: Alpha House, 50 Arch. Makarios III Ave., CY-1065 Nicosia.

Laiki Group
This bank offers services for Personal Banking, Business Banking, and International Banking. It operates in several countries, which are Cyprus, Greece, United Kingdom, Serbia, and Australia. For the complete information, you can visit www.laiki.com, call 8000 2000 if you are calling from Cyprus and +357-22887766 if you are calling from abroad.

There are still many other banks where you can do any financial transactions. If you need to exchange your money, you can simply go to the exchange services from the local banks. On the streets of Cyprus, there are also some Money Changers operating during the day.

If you need to open a bank account in Cyprus, don’t forget to bring suitable documentation to the bank. In order to be sure, it is recommended to check the corporate websites of the bank or contact directly by phone or email.