Cyprus Stock Exchange SWIFT/BIC code

SWIFT/BIC code of Cyprus Stock Exchange

XCYSCY2N and XCYSCY2NXXX are two spellings of the same bank identifier, and both point to Cyprus Stock Exchange in Nicosia (Lefkosia). A SWIFT code shows the banks handling a payment which institution is meant to get the money. It comes up mainly for payments that cross a border or a currency.

On this page we explain what the code means, when you need it and what else you need for a transfer to or from Cyprus Stock Exchange. The SWIFT code on its own cannot identify a personal account; that is what the IBAN or account number .

What the XXX in XCYSCY2NXXX means

A BIC is built from fixed blocks: the first four letters stand for the bank, the next two give the country and the two after that indicate the location. That gives you XCYSCY2N, the short form of the code.

Many banks and apps accept both lengths. If yours asks for eleven characters, use XCYSCY2NXXX; if it wants eight, use XCYSCY2N.

Do not add spaces or dashes when you type XCYSCY2N. A wrong letter can send a payment to a different institution, so copy it carefully.

Before you send: check the Cyprus Stock Exchange code

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. If the code you have differs from XCYSCY2N or XCYSCY2NXXX, stop and ask.

Errors in the BIC are costly rather than disastrous – usually the money comes back, minus fees and time lost. Remember the IBAN: a mistake there can be harder to correct than a wrong code.

Most online banking apps check the format of an IBAN and some suggest the matching BIC. Where available, a name check on the recipient adds extra certainty. Sending a small amount first is a sensible step for a large first payment despite the extra fee.

Sending money abroad from Cyprus Stock Exchange

When you transfer money to another country through Cyprus Stock Exchange, the visible fee is only part of the cost. Besides a fixed fee, correspondent or intermediary banks may take a cut, and if currencies are converted the bank usually applies a rate that is less favourable than the real market rate.

Many banks do not show their exchange rate markup separately, but you pay it all the same. A simple test: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

For a lot of routes, a specialist provider turns out to be cheaper than a bank, mainly because of the exchange rate. GoldexPay compares what recipients receive across providers. You can still keep your account at Cyprus Stock Exchange.

Incoming international payments to Cyprus Stock Exchange

For a transfer from abroad into your account at Cyprus Stock Exchange, the sender has to have more than the BIC. Give them the account holder’s name, your account number or IBAN, SWIFT code XCYSCY2NXXX and your address, which some banks require.

Certain banks also ask for the address of Cyprus Stock Exchange in Nicosia (Lefkosia); it does no harm to include it. Double-check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often less than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. For business payments, you can state how the fees are split to avoid a shortfall.

Watch out for payment fraud

A common scam goes like this: you receive a message saying that a supplier has a new bank account and that the next payment should go there. The fact that XCYSCY2N exists is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Never rely on contact details in the same message that contains the new account. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. If money was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to send back the difference. Wait until the money is actually in your account and check with Cyprus Stock Exchange if anything seems off.

About this information

This directory is compiled from publicly available sources and is updated regularly. It is possible that a code on this page is no longer current, for example after a merger. The number of codes we show are based on what is in our directory and not on information from Cyprus Stock Exchange itself.

See our directory on this page as a handy check, and let the details from the recipient or Cyprus Stock Exchange have the final say. GoldexPay is independent of Cyprus Stock Exchange, we only compare transfer services. If you notice something that is out of date, we appreciate a short note.

Sending EUR to Cyprus Stock Exchange

Most accounts at Cyprus Stock Exchange are usually held in EUR, the national currency. Money sent in a different currency will be exchanged into EUR before it reaches the account, and whoever converts it chooses the rate. Each conversion eats into the amount, even when no fee is shown.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Often it is cheaper if you send EUR straight away via a provider with a good rate, so that the receiving bank does not need to convert again.

Exchange rates change all the time, and some providers let you lock in a rate. On larger amounts, even small difference in the rate can be worth more than the fee.

Euro transfers to Cyprus Stock Exchange: is a BIC needed?

Cyprus belongs to the SEPA area. For a standard euro transfer from another SEPA country, the IBAN is usually enough and the BIC is often filled in automatically.

You will still need XCYSCY2NXXX when sending payments in other currencies or transfers from countries outside SEPA. Some banks and apps also show a field for the BIC; if so, fill in XCYSCY2N or XCYSCY2NXXX.

Instant euro transfers are increasingly supported within SEPA – whether Cyprus Stock Exchange offers them for your account is worth checking. As long as no currency is converted, the transfer tends to be inexpensive.

Tracking a transfer to or from Cyprus Stock Exchange

There is no fixed answer for every transfer: some land within a day while others need several business days. Payments made late in the day or on a weekend or public holiday usually go out a business day later. Sometimes a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, contact your bank about the tracking status; with that reference banks can see where the payment is. Money transfer services often show a status online so you can see how far the payment has got.

The bank that sent the money is able to request a trace – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.

Cyprus Stock Exchange: head office code versus branch codes

With 2 codes in 1 locations, Cyprus Stock Exchange is one of the banks that register separate codes for branches. The main code is XCYSCY2NXXX.

Usually there is no need to look up a branch: payments addressed to XCYSCY2NXXX reach Cyprus Stock Exchange correctly. A branch code only makes sense when the account holder specifically mentions it, which is more common for corporate accounts and trade services.

Not sure which code applies? Ask the recipient. Branch codes are more likely to be retired than the head office code.