Given the persistent negative interest rate environment in the Eurozone, with the European Central Bank’s (ECB) base rate currently standing at negative 0.50% (-0.50%) per annum, Eurobank Limited (the “Bank”) will be applying a negative interest rate of 0.50% (-0.50%) per annum to all Euro denominated accounts with credit balances held by legal entities, starting from 01/03/2022.  The negative interest rates will apply to all accounts with credit balances denominated in Euro, excluding fixed deposits whose interest rate has been fixed prior to the date of this announcement. 

The negative interest on Euro accounts held by legal entities will be calculated daily on the account balance of all current, notice and overdraft accounts with credit balances and will be debited on a monthly basis. The first EUR 100,000 will be exempted from negative interest rates.  If the legal entity maintains more than one current / notice / overdraft accounts in Euro, this exemption will apply on the Euro account with the highest credit balance as at 28/02/2022.

We would also like to bring to your attention that a number of alternative options in financial instruments are offered by the Bank. You may contact your responsible officer or our Wealth Management Division (CyprusPrivateBanking@eurobank.com.cy or +357-22208010) for any information or clarifications needed or to assess any alternative products / services that the Bank is offering. 

IMPORTANT NOTICE

03 September 2025

IMPORTANT NOTICE
 
All references to Eurobank Limited HE217050 or the Bank with registered office at 41 Arch. Makarios III, Nicosia 1065, shall be interpreted and construed and be deemed as references to Eurobank Limited HE6771 with registered office at 200 Lemesou & Athalassas, Nicosia 2025.

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Eurobank Limited joins Instant Payments

09 January 2025

Eurobank Limited joins Instant Payments
 
As of 09 January 2025, customers of Eurobank Limited are able to send and receive Instant Payments from/to anywhere in Europe (subject to the beneficiary’s and sender’s Bank is participant in the SEPA Instant Payment scheme).
 
With Instant Payments, you can send and receive transactions 365 days a year, 7 days a week, 24 hours a day.

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REVISION OF THE GENERAL TERMS OF EUROBANK CYPRUS

08 November 2024

Eurobank Limited has updated the General Terms Governing the Relationship between Customer – Bank. The revision is mainly in reference to the introduction of Instant Credit Transfers and the introduction of Visa+ Service. Changes were additionally made to the Privacy Notice, which forms an integral part of the General Terms. The revised General Terms and will take effect on 08.01.2025.
 
For more information about the changes and your rights, please click here.

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