Request to close a bank account (Cyprus)
Published byDocMuse
This document is in Greek
The PDF you download is in Greek — that is the language it has to be filed in, so it is not translated. Everything on this page is here to tell you what it says.
A written request from the account holder to a bank in Cyprus to end the account agreement and close a bank account. It gives the account's IBAN, the closing date and the account the balance goes to, and asks the bank to cancel the cards and end standing orders and direct debits, refund prepaid fees pro rata and confirm the closure in writing. The Payment Services Directive, in force in Cyprus through Law 31(I)/2018, lets a consumer end the agreement at any time, with at most one month's notice.
What you fill in
The details the document asks for.
- City
- Date
- Customer
- Customer's address
- Bank
- Bank's address
- Customer's identity card or ARC number
- Account number
- Effective date
- Account to transfer the balance to
Preview
This document is produced for you. Your answers are typed into it and the finished PDF is yours to keep.
Common questions
- How much notice is needed to close a bank account in Cyprus?
- A consumer can end a payment account agreement at any time. The Payment Services Directive, in force in Cyprus through Law 31(I)/2018, allows at most one month's notice to be agreed, and after six months the termination is free of charge. Check what your own agreement says; the request asks for closure on the date you write or as soon as the agreement's notice runs out.
- What should be sorted out before closing a bank account in Cyprus?
- Move whatever is paid into the account and whatever is paid out of it: tell your employer and anyone else who pays you, such as Social Insurance Services, and set up your standing orders and direct debits again on the new account. Download the last statements. If the account is overdrawn or a loan is linked to it, the request asks the bank for the exact amount, so that you can pay it off.
- How is a joint bank account closed in Cyprus?
- Who signs the closure is set by the joint account's terms: whether the holders act jointly or each on their own. If the terms require all signatures, each holder signs a copy of the request and the copies are sent together. The balance goes to the account named in the request, so agree between you first where it goes.
How you can sign this document
- Print it and sign by hand. The signature lines in the document are left blank on purpose — sign on them in ink.
- Sign it yourself with a qualified electronic signature. If you already hold a QES — Evrotrust, B-Trust, StampIT, ZealiD or any qualified provider on the EU Trusted List, on a card, a USB token, in a mobile app or in the cloud — our signing guide explains step by step how to sign this exact file without invalidating it. Step-by-step help, and a way to check it worked
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