Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Ancoria Bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Ancoria Bank suits people banking in Cyprus who want easy access rather than a big reward on savings. It is a licensed bank with a variable rate of 0.05%, a monthly fee of €0 and 3 currencies, though the everyday-accounts median is 3.25%.

Key facts

Best for
Easy-access savings in Cyprus with no monthly fee and deposit protection.
Monthly fee
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Currencies
3↗
Transfer fee
SEPA EUR free in-app, SWIFT €15–€30 plus correspondent fees↗
Legal entity
Ancoria Bank Ltd↗
Headquarters
Cyprus↗
Founded
2016↗
Support channels
Phone, Email↗
Pricing model
No monthly fee
Features
Free ATM withdrawals, Joint account
Official website
ancoriabank.com

Savings

Headline rate
0.05%↗
Rate type
Variable↗
Minimum deposit
€0↗
Access terms
Instant access; withdraw by transfer to your Current Account or at a Banking Centre in Nicosia, Limassol or Larnaca↗
Account kind
Easy access↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store
Elsewhere
LinkedIn

Pros and cons

Pros

  • Variable rate of 0.05% with instant access
  • No monthly fee on the current account
  • EU deposit guarantee of EU DGS up to EUR 100,000
  • 3 currencies with local account details

Cons

  • Savings rate well under the everyday-accounts median 3.25%
  • Only 3 currencies, fewer than the everyday-accounts median 9
  • Support runs on phone and email only
Ancoria Bank

Ready to try Ancoria Bank?

Scored 8.7 / 10 by VaultCue.

See alternatives

Who it suits

  • Cyprus residents who want a licensed bank with an easy-access savings account
  • People holding euro balances who want deposits under EU deposit guarantee
  • Savings customers who need instant access rather than a term

Who should look elsewhere

  • Skrill, which handles 47 currencies if you hold several
  • eToro, whose deposits carry FSCS up to GBP 85,000
  • PayPal Colombia, whose deposits carry FDIC up to USD 250,000

Who runs it

Ancoria Bank is Ancoria Bank Ltd, headquartered in Cyprus and founded in 2016. It is supervised by the Central Bank of Cyprus, which lists it under licence number HE 324539. Customers reach support on phone and email, with Banking Centres in Nicosia, Limassol and Larnaca for in-person service.

How Ancoria Bank compares

Where Ancoria Bank is available

Available
Cyprus
Licence in Cyprus
Central Bank of Cyprus (HE 324539), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What is the headline savings rate at Ancoria Bank?+

The easy-access savings account pays a variable rate of 0.05%, with no fixed term. That sits below the everyday-accounts median 3.25%, so the account works more as a cash home than a growth play.

How much does an Ancoria Bank account cost each month?+

The current account carries a monthly fee of €0, and the savings account has no monthly fee either. That matches the everyday-accounts median €0, so running the account costs nothing.

Is my money protected at Ancoria Bank?+

Yes. Ancoria Bank is supervised by the Central Bank of Cyprus under licence HE 324539, and deposits fall under EU deposit guarantee of EU DGS up to EUR 100,000. Both come from the same supervisory register.

How much do I need to open the savings account?+

The minimum deposit is €0, so the easy-access account can be opened without putting money in first. The account kind is easy access, so you are not tied into a term or a notice period.

How do I get money out of the savings account?+

Access is instant. You can withdraw by transfer to your Current Account, or in cash at a Banking Centre in Nicosia, Limassol or Larnaca, as the access terms state. Branches are limited to those cities.

How many currencies can I hold?+

The current account supports 3 currencies and offers local account details for local payments. That is fewer than the everyday-accounts median 9, so multi-currency users will find broader choices elsewhere.

What do transfers cost?+

Transfer costs are SEPA EUR free in-app, SWIFT €15-€30 plus correspondent fees. In-app euro SEPA payments carry no fee, while SWIFT transfers add correspondent charges on top, which matters if you receive money from outside the euro area.

How do I contact Ancoria Bank?+

Support runs on phone and email, so the bank is reached by phone or email. In-person service is available at Banking Centres in Nicosia, Limassol and Larnaca, which matters for anyone living outside those cities.

Does Ancoria Bank offer a joint account?+

Yes. The listed features are free ATM withdrawals and a joint account. Both sit on the current account, and the provider is Ancoria Bank Ltd, a supervised bank rather than an e-money wallet.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Currency conversion fee.

Ancoria Bank

Ancoria Bank

Easy-access savings in Cyprus with no monthly fee and deposit protection.

8.7/10See alternatives