Send Money from Canada to Cyprus Development Bank

Cyprus Development Bank, Cyprus

The Cyprus Development Bank was established in 1963 as a government-owned company to promote economic development in the country. However, it was privatized in 2007 and is now known as cdbbank. Aside from the usual personal and business banking services, the bank also offers project financing to the government’s infrastructure projects and financial services to large companies and even start-up businesses. The bank’s vision is to be the go-to bank for premier transactions and needs.

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How to send money to Cyprus Development Bank account in Cyprus

Transferring money to Cyprus Development Bank accounts in Cyprus is made simple by RemitBee. It takes five simple steps to get started:

Create a free RemitBee account. This smooth process gives you access to a private Remitbee Wallet and a secure account in our system.
Please tell us a bit about yourself. This means your full name, address, and occupation. Make sure your email address and phone number are correct.
Choose Cyprus as the country you want to send money to, then enter the dollar amount you wish to transfer. Next, choose your preferred method of receiving. It's to bank account in your case.
After that, tell us about your recipient. Your receiver's full name, phone number, and bank account information will be required.
Before clicking Confirm, double-check that you have entered the correct information. No worries, RemitBee will handle the rest.

Here are the advantages of using RemitBee when sending money to Cyprus Development Bank accounts online:

We provide free services for transactions amounting to $500 and more.

You can send money using your phone within minutes. It’s so easy and fast!
We immediately transfer your money to the recipient’s bank account.
The beneficiary directly receives the fund through their bank account.

Here's just what you need to send money to Cyprus:

To send money to Cyprus faster and smoother, make sure to provide the following:

The full legal name of the recipient
Receiver's bank SWIFT number
Recipient's IBAN

Experience the best CAD to EUR exchange rate with RemitBee

RemitBee provides an excellent CAD to EUR exchange rate. We know that banks and other financial centers charge you with high transaction costs. That is why here at RemitBee, we only charge at 0.3 to 0.5 percent margin to make up for the operating expenses.

And the best thing is that we’ll leave you free of any fees when you transfer $500 and above, given that you complete the transaction through Bill payment, e-Transfer or EFT. We are also 100% transparent as we let you see your entire transaction before sending money to Cyprus.

Send money to all major Banks in Cyprus

How international money transfers work

The exchange rate between CAD and Euro will be determined by one of the banks. Money will be sent immediately between SWIFT accounts upon completion.

Check our refer and earn program!

Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.

Frequently Asked Questions

Can I use RemitBee to transfer money from Canada to my bank account in Cyprus?

Absolutely! After your confirmation, RemitBee will immediately process the specified amount to your bank account.

How to pay for the fees charged after transferring money to my bank account?

To pay for your RemitBee transaction, you can use either one of the following options: Interac Online, E-transfer, Bill Payment, Electronic Funds Transfer, Visa or Mastercard Debit.

What is the easiest way to receive money transfers from RemitBee to Cyprus?

Bank transfer is the only option that RemitBee offers at the moment.

Is there a way to send money to Cyprus for free?

Yes, it may seem unbelievable but using RemitBee, you can send $500 and above free of any charge. If you send less than $500, you will be charged the following small fees:

Interac Online - $2.99
E-transfer - $2.99
Bill Payment - $2.99
Electronic Funds Transfer - $2.99
Visa or Mastercard Debit - from $2.99

How much money can you transfer with RemitBee?

The ceiling amount depends on your verification level.

For level 1, you can send for up to $50 every day and $500 per month.
RemitBee recommends you upgrade to level 2 if you have a medium load of transactions. It allows your money transfer to reach up to 3,000 and 25,000 CAD daily and monthly, respectively.
Level 3 is suitable for businesses because it limits up to $9,000 daily and $50,000 monthly.
We are set to step up the transfer limit at Level 4 verification to attend to your increasing needs.

Download Remitbee Mobile App

Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.