Everything you need for your day-to-day business banking needs
MANAGE YOUR COMPANY'S PAYROLL
Arrange your staff payroll through your company's current account
Pay bills and loans
Set up standing orders and direct debits
AN OVERDRAFT
The amount permitted will be according to your company’s turnover. Debit interest is charged on daily balances on a 365 / 366 days basis
Interest on your credit balances
Fixed credit interest will be paid on credit balances on a daily basis (according to the credit balance). Interest will be calculated on the daily balance on a 365 days basis
REPRESENTATIVE EXAMPLE
LIMIT AMOUNT
Up to €20,000
For larger amounts please contact one of our Banking Centres
DEBIT INTEREST RATE
5.00%
Interest rates vary according to the security
APR*
7.10%
APR is calculated based on the representative example shown below
NOTES
- Interest Rate: Base Rate European Central Bank (ECB) today at 0.00% + Margin 5.00% | Processing fees (charged once at the initial stage) of 1% of the amount of loan or overdraft with a minimum amount of €150. Please note: No processing fees for small enterprises on pre-priced products. If you need more information about our charges you can view the Commissions and Charges table
- Overdraft limit = €20,000
- Term = 1 year (revolving)
- The APR will vary in the event that any of the above variables change
- The above pricing refers only to companies registered in Cyprus
** The Ancoria Bank Mastercard Debit Card is issued by PSI-Pay Ltd pursuant to a license by Mastercard International Incorporated. Your Ancoria Bank Mastercard Debit Card will access the available balance in your Ancoria Bank current account. Ancoria Bank Ltd is licensed, registered and supervised by the Central Bank of Cyprus with license number 115.1.1.1.8
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Get Started
Get started by submitting your details for an appointment at your nearest Banking Centre.
We are ready to help and look forward to meeting you.
Make an appointment
things to bring with you
Required documentation:
CYPRIOT RESIDENTS
- Copy of a valid Passport or National Identity card
- Original recent utility bill (less than 6 months old) / OR statement of EEA bank / OR local authority tax bill / OR house insurance
NON-CYPRIOT RESIDENTS
- Copy of a valid ID / Passport certified as a true copy by a state authority
- If you are temporarily residing in Cyprus and are a non-EU national, please supply a copy of your Temporary Residence Permit
- Declaration for Exemption from the Deduction of Defence Contribution on Interest (if applicable)
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