When sending a transaction, we’ll ask you information about your contact and their bank account. Make sure to enter all information carefully to avoid delays. Here’s what you’ll need to know:
- Bank name
- The correct IBAN and BIC/SWIFT codes
- The entire name of your contact as it appears on their bank account
- A valid phone number from your contact (city code + domestic number)
- We may ask for your contact's mailing address if required by our payment partner
Bank transfers to most major banks are deposited in 2-3 business days. However, each bank operates differently and may have additional rules and regulations regarding deposits that could add additional transfer time. Please ask your contact to check with their bank for more details.
What are the characteristics of an IBAN in Cyprus?
IBAN stands for International Bank Account Number and is used by banks in European countries for international funds transfers. The IBAN is a unique code that identifies a beneficiary’s bank account.
In Cyprus, IBAN codes start with CY, followed by 2 check digits, a 3-digit bank code, a 5-digit branch number, and a 16-digit account number. Here’s an example:
CY19123001530000001506827600
CY: Country code
19: Check digits
123: Bank code
00153: Branch number
0000001506827600: Account number