Central Bank of Cyprus SWIFT/BIC code

CBCYCY2N – the SWIFT/BIC code of Central Bank of Cyprus

The 8-character code CBCYCY2N and the full code CBCYCY2NXXX identify one and the same institution: Central Bank of Cyprus. The code does one job: it makes sure that a cross-border transfer reaches the right bank. You will need it mostly for transfers between countries.

On this page you can read what the code means, when it matters and which other details you need for a transfer to or from Central Bank of Cyprus. A SWIFT code names a bank or branch, not a specific account, which is why you always need the account number too.

CBCYCY2N or CBCYCY2NXXX – which one to use?

The structure of a BIC is always the same: four characters for the institution, a two-letter country code and two for the location. For Central Bank of Cyprus, that core is CBCYCY2N.

Many banks and apps accept either length. If a form asks for eleven characters, use CBCYCY2NXXX; if it wants eight, use CBCYCY2N.

Leave out spaces when you enter CBCYCY2N or CBCYCY2NXXX. A single letter may route a payment to another bank, so check it twice.

Getting paid from abroad into a Central Bank of Cyprus account

To receive a transfer from abroad into your account at Central Bank of Cyprus, the sender has to have more than the BIC. Share your name as the bank knows it, your account number or IBAN, the BIC CBCYCY2NXXX and your address, which some banks require.

Their bank might request the bank address of Central Bank of Cyprus. Check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always arrive in full. Charges on incoming payments vary from bank to bank. On invoices, you can agree how the fees are split to avoid a shortfall.

Is CBCYCY2N still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient. When the code you were given does not match CBCYCY2N or CBCYCY2NXXX, stop and ask – contact the recipient or Central Bank of Cyprus.

With a wrong code, the transfer might get stuck, be returned or end up costing more. Do not forget the account number: an error there can be more difficult to correct than a wrong BIC.

An automatic check by your bank only confirms that the code is valid. Where available, a name check before sending gives an extra layer of safety. When you pay someone new, many people start with a small amount first and wait for confirmation.

Paying into Central Bank of Cyprus in EUR

Cyprus pays in the Euro (EUR). Money sent in a different currency is converted into EUR on its way to Central Bank of Cyprus – and the bank that does it picks the rate. Every conversion eats into the amount – usually through the rate rather than a fee.

Which bank converts the money matters. Transferring the money already in EUR often avoids an extra conversion – as long as your own rate is good.

The rate for EUR changes constantly. If you pay regularly, a slightly better rate add up over time.

Transfer times and tracking a payment to Central Bank of Cyprus

How quickly a payment arrives at Central Bank of Cyprus is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made after the cut-off time or on weekends and holidays usually go out the next business day. Sometimes a bank wants to know about the purpose of a payment before releasing it.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique reference, the UETR. Save your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money can request a trace. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.

How up to date is this code?

Our SWIFT/BIC directory is based on public sources and we update it periodically. Even so, banks merge or change codes, so information can be out of date. The figures on this page are based on our own data, not official figures from Central Bank of Cyprus.

See the information on this page as a helpful check and rely on the recipient or Central Bank of Cyprus for the final confirmation. GoldexPay is an independent comparison site and not affiliated with Central Bank of Cyprus. Should you notice something that is out of date, we welcome a message via the contact page.

Scams that use SWIFT codes

One of the most common tricks works like this: you receive a message claiming that a company now has a new bank account. The fact that CBCYCY2N exists does not mean that the account is legitimate.

Do not rely on a phone number from the same email that announces the change. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. If a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: one known 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 and check with Central Bank of Cyprus if anything seems off.

Paying someone abroad from your Central Bank of Cyprus account

If you send money abroad via Central Bank of Cyprus, the fee you see is only part of the cost. There is the fee for the transfer itself, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate if the currency changes.

The real cost is often in the rate, not in the fee: the bank converts at a rate with a margin built in. An easy check: set the rate you get against the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service is less expensive than a bank – mostly thanks to the rate. GoldexPay lists these services side by side so you can see the amount the recipient gets before you commit. You can still keep your account at Central Bank of Cyprus to fund the transfer; only the conversion and sending happen elsewhere.

Paying Central Bank of Cyprus in euros within SEPA

Cyprus is part of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a standard euro transfer within SEPA, you normally only need the IBAN.

You still need CBCYCY2NXXX for payments in other currencies or money from outside the SEPA area. If a payment form has a field for the BIC anyway, adding CBCYCY2N does no harm.

Instant euro transfers have become increasingly supported across SEPA; check with Central Bank of Cyprus whether it applies to your account. Charges on SEPA transfers tend to be low.

Central Bank of Cyprus: head office code versus branch codes

Central Bank of Cyprus uses 16 different SWIFT/BIC codes across 1 cities. One of them is the head office code; the rest identify branches or departments, and sometimes specific services.

Usually you do not need to pick a branch: transfers addressed to CBCYCY2NXXX reach Central Bank of Cyprus correctly. Branch codes are only needed if the account holder explicitly asks for it, which is more common for business accounts and trade services.

Unsure which code to use? Ask the recipient. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.