Cyprus-Forum.com

by **johnny1** » Wed May 01, 2013 5:13 pm

http://www.youtube.com/watch?v=ixkMukP4-y0

by **cyprusgrump** » Thu May 02, 2013 2:13 pm

I understand that the rules changed again yesterday (May 1st).

Now you can only transfer €2,000 per month from a notice account....

It was originally €60,000 per month (for a joint account), then changed to €5,000 per account... and now €2,000.

If your cash is in a notice account look forward to living off €500 per week.

by **Smiler Brian** » Wed May 08, 2013 10:42 pm

I have a laiki account, now down to a few euro as i have still been able to transfer money to others using the electronic banking. My question is - how do i get an account in another bank without coming to Cyprus? Or can i deposit money in the laiki bank from another bank or would i just lose it?

by **CBBB** » Thu May 09, 2013 6:21 am

Smiler Brian wrote:I have a laiki account, now down to a few euro as i have still been able to transfer money to others using the electronic banking. My question is - how do i get an account in another bank without coming to Cyprus? Or can i deposit money in the laiki bank from another bank or would i just lose it?

Your account will be transferred to Bank of Cyprus and you will be sent the new details.

by **Smiler Brian** » Thu May 09, 2013 8:44 am

Cheers CBBB

by **cyprusgrump** » Thu May 09, 2013 11:46 am

Just had a run-in with the bank manager over the new rules governing removing money from a notice account...

These new rules by the way are not mentioned in the official releases about capital controls.

The Bank Manager said "It is not your money, it is our money."

by **johnny1** » Thu May 09, 2013 1:40 pm

really the bank manager told you that?which bank is that and why would he tell such a thing?

by **cyprusgrump** » Thu May 09, 2013 1:46 pm

johnny1 wrote:really the bank manager told you that?which bank is that and why would he tell such a thing?

Bank of Cyprus - Pissouri Branch.

He claims that as the cash is in a 90-day account it is his rather than ours... Apart from the €2,000 per month of it we are able to access of course or the 20% of it we are able to access after the 'notice' period (the remaining 80% being theirs again for another enforced notice period of course)... :evil:

by **Oceanside50** » Thu May 09, 2013 3:49 pm

If these capital controls that are in force today in Cyprus, been conducted 20 years ago, Cyprus would have been turned upside down.

by **Get Real!** » Thu May 09, 2013 3:56 pm

CBBB wrote:
Smiler Brian wrote:I have a laiki account, now down to a few euro as i have still been able to transfer money to others using the electronic banking. My question is - how do i get an account in another bank without coming to Cyprus? Or can i deposit money in the laiki bank from another bank or would i just lose it?

Your account will be transferred to Bank of Cyprus and you will be sent the new details.

Haven't they done that yet?