Transferring money

Once you’ve bought your home in Cyprus it’s likely that you’re going to have do a number of currency transfers and if it’s a holiday home you’ve bought this will be on an ongoing basis.

It can be really confusing to decide who to use with so many options available. Do you use your bank, who you know and trust, or one of the many money currency transfer companies that specialise in foreign exchange?

Using your bank can be an expensive option with costs adding up, including commission, transaction fees and fees from overseas banks. That’s why many people use currency specialists, including myself.

I can’t tell you who to use, that needs to be your own decision, but I can advise on who we use for our own transfers and why.