Overview
Ancoria Bank, at a glance.
Ancoria Bank is a bank headquartered in Cyprus, regulated by Central Bank of Cyprus. The company behind Ancoria Bank is Ancoria Bank Limited. Business accounts cost €5 a month. Opening an account takes 3–5 days. Non-residents of Cyprus can open an account through a separate document route; their account costs €25 a quarter instead of €15.
Ancoria Bank Limited is a credit institution licensed by the Central Bank of Cyprus. Eligible deposits are covered by the Cyprus Deposit Guarantee and Resolution of Credit and Other Institutions Scheme up to €100,000 per depositor.
Why businesses pick Ancoria Bank
- A licensed Cypriot bank, not an e-money account
- Low maintenance fee: €15 a quarter for Cyprus companies
- Free incoming SEPA payments up to €10,000
- Payroll, trade finance, deposits and loans from the same bank
- A document route for non-resident owners and companies
Watch out for
- Opened by appointment, not online
- Non-resident accounts cost €25 a quarter
- Complex corporate structures pay €100 to €1,000 to open
- A €50 KYC update fee at each review
- No list of refused industries or countries published
Business fit
Will Ancoria Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Ancoria Bank's published rules
Needs review
Ancoria Bank works with Startups and SMEs, but does not publish the countries it accepts companies from.
Ancoria Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Ancoria Bank publishes about the businesses it takes on.
Who Ancoria Bank serves
- Startups and SMEs
- Import and export
- Holding companies
- Professional services
Not supported
Industries and countries Ancoria Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Ancoria Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR and other currencies
Ancoria offers current accounts in several currencies; it does not publish the list.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Companies, Self-employed people
Pricing
What does Ancoria Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
€5–8.333333333333334
depends on plan
Business current account (Cyprus resident)
Lowest cost€5 per month
€0 setup · €60 in year one
Business current account (non-resident)
€8.333 per month
€0 setup · €100 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | Free | No charge · Up to €10,000; €4 to €20,000, €10 to €50,000, €25 above |
| Outgoing | ||
| SEPA | Not published | By amount and channel; see the price list |
| SWIFT / international | Not published | By amount and channel; see the price list |
| To another Ancoria Bank account | Free | No charge |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Appointment
Book an appointment with a business banking centre.
- 2
Documents
Bring the company documents and the owners' identity and address papers; non-residents follow their own document list.
- 3
Checks
The bank reviews the company and its owners.
- 4
Account live
The account is opened and the Visa debit card and myAncoria online banking are set up.
Documents you need
Not published
FAQ
Your questions, answered.
Is Ancoria Bank a bank?
Yes. Ancoria Bank Limited (HE 324539) is a credit institution licensed by the Central Bank of Cyprus. Deposits are covered by the Cyprus deposit guarantee scheme up to €100,000.
How much does an Ancoria business account cost?
Maintenance is €15 a quarter for companies and self-employed people resident in Cyprus and €25 a quarter for non-residents. Opening a complex-structure company account costs €100 to €1,000, agreed in advance; a KYC review costs €50.
Can non-residents open an account?
Yes. Ancoria's business page has a separate document list for non-Cypriot residents; acceptance is subject to the bank's review.
Can I open the account online?
No. The business page asks you to make an appointment.
Alternatives
How Ancoria Bank compares.
If Ancoria Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Ancoria BankThis pageBank |  | CyprusNon-residents accepted |
 Bank of CyprusBank | | Cypriot IBANDeposit protection |
 Eurobank CyprusBank |    | Cypriot IBANCorporate banking |
 Revolut BusinessBank |   | Cards and spend controlsStartups and SMEs |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.