Funds Transfer

Funds Transfer

General Guidance

As a prerequisite of each transfer the bank must hold valid and up-to-date due diligence documents of its clients: a copy of a valid passport or ID for individual customers and a Certificate of Good Standing (COGS) and Certificate of Incumbency (COI) or similar for corporate entities. Please note that a Certificate of Good Standing is valid for a year, therefore corporate entities must submit a copy of the COGS annually.

All inward or outward transfers of any amount, from and to any destination, may be subject to prior review by our Compliance Department. If your transfer is reviewed we may have to hold it pending until the completion of the review. We will do this in a timely manner however we may have to ask for your assistance in providing further information or documentation indicating the exact purpose of the payment: the Bank reserves the right to request additional documentation for transfers of any amount as we are legally obliged by the laws of our jurisdiction to hold this information in our files.

Outward transfers have to be initiated in, My Fibank’s online banking platform or via payment order personally submitted at Fibank Cyprus Branch. You will be requested to enter the receiver’s personal and banking data and to upload supporting documents, such as invoices signed and stamped by the company or individual issuing the documentation, agreement, statement or other official documents between the sender and the receiver of funds.

Your payment may be held pending or can be delayed if you do not meet the documentation criteria. Should you need to submit further supporting documents, please send them to payments@fibank.com.cy

Inward transfers guidance and required documents

Fibank Cyprus Branch is a full member of the SWIFT Network and our SWIFT is FINVCY2N however the routing instructions we send may contain alternative routes which may have a different SWIFT. The Bank accepts only funding of client accounts by electronic / SWIFT transfer via its confirmed intermediary partner institutions and we supply a personalised routing instruction to each client of the bank. We are not able to accept funding of our client accounts by any of the following methods:

Any form of E-wallet transfer such as PayPal

Bitcoin or any other form of cyber currency

Credit or Debit card

Cyber gold or other electronic means of precious metal transfer

The documents required are:

Supporting documentation of the transfer (invoices signed and stamped by the company or individual issuing the documentation, agreement or other official documents between the sender and the receiver of funds). For international trade – related payments, we reserve the right to request a full list of delivery and transportation documents once available.

Please send all payments – related documents to our Customer Service team at the following e-mail: payments@fibank.com.cy

Outward transfers guidance and required documents

Outward transfers have to be initiated in, My Fibank’s online banking platform or via payment order personally submitted at Fibank Cyprus Branch. You will be requested to enter the receiver’s personal and banking data and to upload supporting documents, such as invoices signed and stamped by the company or individual issuing the documentation, agreement, statement or other official documents between the sender and the receiver of funds.

Your payment may be held pending or can be delayed if you do not meet the documentation criteria. Should you need to submit further supporting documents, please send them to payments@fibank.com.cy.