Bank of Cyprus Public Company Limited SWIFT/BIC code

BCYPCY2N – the SWIFT/BIC code of Bank of Cyprus Public Company Limited

The 8-character code BCYPCY2N and the full code BCYPCY2NXXX refer to the same bank: Bank of Cyprus Public Company Limited. A SWIFT code tells the sending bank exactly which bank should receive the money, a bit like a postal address for banks. In practice you mostly come across it on invoices from abroad, in your banking app and on the account details of Bank of Cyprus Public Company Limited customers.

On this page you can read what the code is put together, when it matters and which other details you need for a transfer to or from Bank of Cyprus Public Company Limited. The BIC identifies an institution, never a single account.

Receiving money from abroad at Bank of Cyprus Public Company Limited

If you are waiting for money from abroad, give the sender everything they need in one go. Share the account holder’s name, the IBAN or account number, SWIFT code BCYPCY2NXXX and your address, which some banks require.

You can add Bank of Cyprus Public Company Limited and Nicosia (Lefkosia) too, because some payment forms have separate fields for them. Check each detail before you send them.

An incoming payment will not always arrive for the full amount. Correspondent banks can take a fee, Bank of Cyprus Public Company Limited may charge for incoming payments, and if the money is converted, an exchange rate margin applies. For business payments, you can state how the fees are split.

Head office or branch code at Bank of Cyprus Public Company Limited?

Having 4 codes in 2 locations, Bank of Cyprus Public Company Limited belongs to the banks that register separate codes for branches. The main code remains BCYPCY2NXXX.

Usually you do not need to look up a branch: transfers sent to BCYPCY2NXXX are routed within Bank of Cyprus Public Company Limited correctly. If you have been given a specific code, use it as it is instead of swapping it with the head office code.

The best way is to take the code straight from the recipient’s statement. Codes for branches are more prone to change than BCYPCY2NXXX when a bank merges or closes offices.

Verifying the SWIFT code of Bank of Cyprus Public Company Limited

The best place to find the correct BIC is a document from the bank itself. Compare that code against BCYPCY2N here and ask if anything does not match.

If the code is wrong, the transfer might be delayed, bounce back or cost extra. A mistake in the account number is a bigger problem, because the money may be credited to someone else, so check that just as carefully.

A format check by your bank only confirms that the IBAN is valid – not that it belongs to the person you mean to pay. Some banks now check the payee name with the account before you confirm – do not ignore a mismatch warning. Sending a small amount first is a sensible step for large sums despite the extra fee.

Sending money abroad from Bank of Cyprus Public Company Limited

What you pay for an international transfer is made up of more than one component, and the transfer fee is only the most visible one. Besides a fixed fee, banks in between can take a cut, and when the money changes currency, the bank often uses a rate below the actual market rate.

The real cost is often in the rate, not in the fee: many banks convert using an exchange rate with a margin built in. Check their rate with the mid-market rate. The difference is your real conversion cost.

For a lot of currency pairs, a transfer service is less expensive than a bank, mainly because of the exchange rate. On GoldexPay we compare what recipients receive across providers, so you can pick the cheapest route. Choosing a specialist does not mean closing your account at Bank of Cyprus Public Company Limited: you simply pay the service from your account.

Paying Bank of Cyprus Public Company Limited in euros within SEPA

Because Cyprus is in SEPA, a euro payment to Bank of Cyprus Public Company Limited from within the SEPA area usually requires just the IBAN. Many banks do not require the BIC in that case.

A SWIFT code like BCYPCY2N still matter for payments in other currencies. A few forms still show a field for the BIC out of habit; if so, enter BCYPCY2N.

SEPA transfers normally land by the next business day; instant payments are faster if both banks offer them. Charges on SEPA transfers are generally low as long as everything stays in euros.

What the XXX in BCYPCY2NXXX means

The layout of a BIC is always the same: a bank code of four letters, a two-letter country code and a two-character location code, sometimes followed by a branch code. That gives you BCYPCY2N, the short form of the code.

XXX at the end of BCYPCY2NXXX does not stand for a placeholder or a mistake: it indicates the head office of Bank of Cyprus Public Company Limited. Some banking apps insist on 11 characters, in which case you simply add XXX behind BCYPCY2N.

Enter the code in one piece, in capitals and without spaces, exactly as shown here. Look out for O versus 0 and I versus 1.

Where our SWIFT data comes from

This directory is based on publicly available sources and we update it periodically. Even so, banks merge, rename themselves or change codes and our data may lag behind. Figures such as the number of codes are from our directory.

Treat our data as a starting point, rather than as the last word. GoldexPay is independent of Bank of Cyprus Public Company Limited. If you notice something that is out of date, we appreciate a short note via the contact page.

Sending EUR to Bank of Cyprus Public Company Limited

Most accounts at Bank of Cyprus Public Company Limited are usually held in EUR, the national currency of Cyprus. When you pay another currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Bank of Cyprus Public Company Limited itself. Every conversion eats into something – usually through the rate rather than a fee.

Which bank converts the money makes a difference: every bank has its own margin. Often you pay less if you send EUR straight away via a transfer service that converts near the mid-market rate.

Exchange rates move during the day – some services let you fix a rate in advance. With bigger transfers, a small gap in the rate adds up quickly.

Scams that use SWIFT codes

A common scam works like this: you receive a request claiming that a company has a new bank account. The fact that BCYPCY2N exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Never rely on contact details from the same email that announces the new account. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. When money has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to send back the difference to another account. Do not act before the money has really arrived.

How long does an international transfer to Bank of Cyprus Public Company Limited take?

A SWIFT payment typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made after the cut-off time or on a weekend or public holiday usually go out the next business day. Compliance checks by one of the banks can also cause a delay, even when all details are correct.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each payment carries a unique reference, the UETR, which your bank can use to see where the money is. Money transfer services often provide tracking online showing how far the payment is.

The bank that sent the money is able to start an official trace or a recall; the receiving side usually has nothing to trace yet. Request from the sender the payment receipt including the reference; that often settles the question quickly.