Bank account to buy property

Member since 04 February 2018

FilmcriticNew member19 June 2021 09:50:36

Is there anyway to open a bank account to transfer funds to purchase a future property, as most banks seem to need current utility bill which is impossible as I’m in the uk and wont have any bills until I purchase a property.

Toon Cyprus Expert

Member since 04 June 2011

ToonCyprus Expert19 June 2021 10:00:28

9988

Bank account opening usually now requires the person to be here

But you could open a sterling card and deposit cash to that and it’s ideal for getting a top exchange rate

Or Revolut as they’re now a bank

Samantha Barklam Member

Member since 17 May 2021

Samantha BarklamMember19 June 2021 10:12:13

Hello. The way I did it was to provide a solicitor in Cyprus with power of attorney to act on my behalf. She opened a bank account in her name once I had made an offer and I transferred the funds from the UK into that, using an international exchange company to get the best rates.