Cyprus-Forum.com

[Raymanoff]

oh, apparently its possible... there is a form which u have to request from the bank, sign it and they will process it.

[DT.]

And this one is for my lastiharis friend DT...

http://www.laiki.com/web/w3cy.nsf/WebCo ... A30020ACDF

i just saw this...Come on people. Everyone get an APOEL Visa and SPEND SPEND SPEND!

[andricon]

Arent you going to ask for a 'refund' of your over generous thanks to GR?


Seriously, unfortunately this is a capitalist society we live in.

denizaksulu i'm going to ignore your mocking attitude and just answer your second comment.


Yes, SERIOUSLY we live in a capitalist society nobody is doubting that. This however should not stop you from attempting to save some money so you can live a better life.

Ironically, in countries which are more capitalist than Cyprus there are banks which offer accounts with NO COSTS, no statement fees, no checkbook fees, no ATM fees, no quarterly ledger costs... nothing... they even give you a gift for opening an account with them. So, the basis for your argument is completely wrong and you seam to have no idea what you are talking about. Sorry for being so blunt.


There is no excuse for these charges in Cyprus, competition is healthy and the whole thing smells of banking cartel..!

[andricon]

oh, apparently its possible... there is a form which u have to request from the bank, sign it and they will process it.

Just go to the bank teller and tell him/her to fill the form for you, all you have to do is sign it. Next time you're at the bank, do it.

Another good reason to cancel your bank statemnts:

How often do you currently receive bank statements through your letterbox? And, more to the point, how many of them do you actually need or even look at in any detail?

Most banks will now give you the choice of how frequently you want to receive your printed bank statements. Look to reduce the frequency with which the statements are sent to you.

Better still, look to cancel your paper statements altogether and manage all your account finances via an online banking service. Also cancel all the promotional mail from your bank advertising additional services, loans and credit cards that will normally go straight in the bin.

A reduction in the amount of paper used by all business types, including banks, can have a dramatic effect on natural woodland resources and the energy used to manufacture the paper products from these resources.

[Oracle]

Arent you going to ask for a 'refund' of your over generous thanks to GR?


Seriously, unfortunately this is a capitalist society we live in.

denizaksulu i'm going to ignore your mocking attitude and just answer your second comment.


Yes, SERIOUSLY we live in a capitalist society nobody is doubting that. This however should not stop you from attempting to save some money so you can live a better life.

Ironically, in countries which are more capitalist than Cyprus there are banks which offer accounts with NO COSTS, no statement fees, no checkbook fees, no ATM fees, no quarterly ledger costs... nothing... they even give you a gift for opening an account with them. So, the basis for your argument is completely wrong and you seam to have no idea what you are talking about. Sorry for being so blunt.


There is no excuse for these charges in Cyprus, competition is healthy and the whole thing smells of banking cartel..!

So how do you think Banks make money if all they do is give you gifts?

I pay 95 Euros a year for my French current account just so that I can have a cheque book, from which I issue ~ 3 cheques a year. It's always topped up with several hundred Euros, so they make interest on this anyway, and I do not receive any. But they provide a service which enables me to pay bills from a distance.

Perhaps you are getting mixed up with Deposit accounts, where you have huge savings for the Banks to look after, and they process their costs from the interest?

[denizaksulu]

Arent you going to ask for a 'refund' of your over generous thanks to GR?


Seriously, unfortunately this is a capitalist society we live in.

denizaksulu i'm going to ignore your mocking attitude and just answer your second comment.


Yes, SERIOUSLY we live in a capitalist society nobody is doubting that. This however should not stop you from attempting to save some money so you can live a better life.

Ironically, in countries which are more capitalist than Cyprus there are banks which offer accounts with NO COSTS, no statement fees, no checkbook fees, no ATM fees, no quarterly ledger costs... nothing... they even give you a gift for opening an account with them. So, the basis for your argument is completely wrong and you seam to have no idea what you are talking about. Sorry for being so blunt.


There is no excuse for these charges in Cyprus, competition is healthy and the whole thing smells of banking cartel..!

Its not a 'mocking attitude'. You have no sense of humour, which is a pre-requisite for survival on the CF. Now get some humour inside you. You must be a right bore. Cheer up its Christmas time.

[andricon]

Its not a 'mocking attitude'. You have no sense of humour, which is a pre-requisite for survival on the CF. Now get some humour inside you. You must be a right bore. Cheer up its Christmas time.

True, kind of a dull subject to talk about a few days before Christmas. However you seam to have confused JOKES with SARCASM. One requires a "sense of humor" the other doesn't. There's plenty of "humor inside me" just make a JOKE or say anything remotely funny and you'll see.

I started this thread to provoke some healthy debate on a matter that is too often overlooked by many people. The skimming of our money by banks that is only allowed to happen because we do nothing about it. Banks can make money by providing services like loans or credit cards. But skimming a little bit off each and every account is like stealing. You might argue that "providing you with an account" is a service, but it's not! They manage your money and invest it, to make more money for themselves. For them to manage your money they need a way for you to give it to them, a conduit, or an account. Banks are not entitled to "a bit" of your money every month.

[andricon]

So how do you think Banks make money if all they do is give you gifts?

Are you seriously worried about bank profitability? If you are then this isn't the right place to voice your concerns. This thread is about banks charging excesivley and NOT the profitability of the banking sector.

I didn't say (EVER!), that all banks do, is give you gifts. All i said is that in some countries, banks want your business so much that they are willing to offer incentives like gifts or vouchers. They also avoid charging you for silly things like statements and service fees. Unlike banks in Cyprus which charge for anything and everything.

Seriously though, why am I having to defend my argument here? Did you know Marfin Laiki Bank owns 2 banks (Marfin and Laiki), dairy company (Vivartia which controls 70% of the Cyprus dairy market), several private hospitals, insurance companies and god knows what else.

Vivartia Owns, DELTA DAIRY, CHIPITA, GOODY'S, GENERAL FROZEN FOODS, BARBA STATHIS, Complet, Milko, 7-Days, Bake Rolls, Flocafé, Chrysi Zymi, Life.

Hygeia is owned by Marfin, a leading private diagnostic and therapeutic centre in Athens listed on the ATHEX.

Marfin also owns SingularLogic Information Systems

They own ATTICA HOLDINGS the parent company of the Superfast Ferries fleet and the Blue Star Ferries fleet.

MARFIN OWNS Hilton Hotel Cyprus

MARFIN OWNS Anakon Investments and Theros International Gaming Inc (Casino Rio) Anakon is an investment company and major shareholder of Theros International Gaming, Inc. (Theros), the owner and operator of Casino Rio. Casino Rio is the largest casino outside the greater Athens and Thessaloniki regions of Greece.


Banks are among the most profitable businesses in the world.

[Sotos]

get a net account. No checkbook, no fees, higher interest.

[denizaksulu]

Its not a 'mocking attitude'. You have no sense of humour, which is a pre-requisite for survival on the CF. Now get some humour inside you. You must be a right bore. Cheer up its Christmas time.

True, kind of a dull subject to talk about a few days before Christmas. However you seam to have confused JOKES with SARCASM. One requires a "sense of humor" the other doesn't. There's plenty of "humor inside me" just make a JOKE or say anything remotely funny and you'll see.

I started this thread to provoke some healthy debate on a matter that is too often overlooked by many people. The skimming of our money by banks that is only allowed to happen because we do nothing about it. Banks can make money by providing services like loans or credit cards. But skimming a little bit off each and every account is like stealing. You might argue that "providing you with an account" is a service, but it's not! They manage your money and invest it, to make more money for themselves. For them to manage your money they need a way for you to give it to them, a conduit, or an account. Banks are not entitled to "a bit" of your money every month.

From the above ost, it is obvious you are not that familiar with 'unkie GR'. You will find out, but first you need to let your hair down.