How to Send Money to Cyprus
- Gather the relevant banking information, including the name on the recipient’s bank account, the Cyprus Bank Identification Code, the IBAN number, and the SWIFT/BIC code.
- Create a free online account with OFX, or login to get a live quote for your money transfer.
- Enter your details and those of your recipient.
- Choose ‘finalise transaction’ to process your payment.
It’s easy and affordable to send money to Cyprus using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
When sending money to Cyprus, keep in mind that different tax regulations may apply to sending large sums of money overseas depending on many factors including:
- how the money is going to be used
- how much you are sending
- the source of the funds
- if the money has been taxed elsewhere
For example, supporting family members by paying for living expenses is usually considered different from sending large sums of money abroad as a gift. See our Guide to Sending Money to Family Abroad for more details.
How to send money to Cyprus at a great exchange rate
When looking at exchange rates, it’s important to know that the value of the euro may be influenced by interest rates set by the European Central Bank and the Federal Reserve, because the euro trades most actively against the USD. Economic figures from the U.S. and Europe will affect the EUR exchange rate. If you want to read up on the factors that influence the value of the euro or other currencies, head over to the Exchange Rates section of our site.
Cyprus Money Transfers - FAQ
Wondering how to send money to Cyprus? We've got the smart, secure way to exchange your Aussie dollars for euros. Headquartered in Sydney, with offices around the world, we provide 24-hour access to our highly skilled transfer team.
Is there any limit on how much money I can send to Cyprus?
No. OFX works well for both businesses and individuals.
Can I send money from a Cypriot bank account to Australia?
Does OFX transfer money to all Cypriot banks?
OFX can transfer funds to any bank in Cyprus, including, but not limited to:
- Alpha Bank Cyprus
- Ancoria Bank
- Bank of Cyprus
- Cyprus Development Bank
- Eurobank Cyprus
- Hellenic Bank
- National Bank of Greece
You can reach our dedicated customer service agents 24/7 (including weekends and most holidays). When others are closed, we’re open. Need a quote? Need it ASAP? Need to talk to someone about your mother? We’re here for you.
When you use OFX, you’ll get fast, efficient service, and we’ll keep you informed of where your money is along the way. For all your overseas payments, OFX is simply smarter.
How can OFX help you manage AUD/EUR exchange rate swings?
Check out our risk management strategies and stay in control of your money.