Bank of Cyprus now offers you the possibility of instant payments in euros, in real time to 36 countries of the SEPA zone (European Economic Area countries), immediately available in the beneficiary's account within 10 seconds. Bank of Cyprus is the only Bank in Cyprus at the moment that offers this facility 365 days a year, 7 days a week, 24 hours a day.

The maximum daily limit of outgoing direct money transfers is €50,000 for remittances within Cyprus and up to €25,000 for remittances outside Cyprus.

The maximum daily limit for incoming direct money transfers is €100,000.

The Bank may set lower daily limits based on its risk acceptance policy and/or to prevent fraudulent transactions.

In order for an instant payment to be made, both the sender's and the beneficiary's Bank must participate in the SEPA Credit Transfer Instant Scheme.

Only 1bank subscribers can perform direct money transfers through the Bank's digital channels (Mobile Banking & 1Bank).

Direct money transfers have no additional costs compared to other payments in the SEPA zone.