In a move designed to better serve its customers, the Bank of Cyprus has announced the launch of its new "e-Instant" Electronic Instant Access Account. This digital account comes with the significant advantage of zero management fees, appealing to 1bank subscribers who are 18 years old and above.

Customers can effortlessly open an e-Instant account online through the Bank of Cyprus' Internet Banking platform or the BoC Mobile app. Once set up, the account is automatically created in the subscriber's name, eliminating cumbersome paperwork and wait times. Moreover, new subscribers receive a free debit card with a one-year complimentary subscription, further enhancing the account's value.

The e-Instant account provides customers the versatility to manage their finances with ease. Whether you're making deposits, transfers, or even bill payments, this account has you covered. Deposits can be made in any amount, and the account can be accessed for both debits and credits through various channels—Internet Banking, Mobile Banking, and ATMs.

Among its range of features, the e-Instant account also supports free outgoing payments through the SEPA (Single Euro Payments Area) system for transactions up to €1,000. In addition, it offers the convenience of setting up standing orders for recurring payments like loans, insurance premiums, and rent, as well as direct debit options for utility bills.

The Bank of Cyprus goes a step further to accommodate younger customers as well. Besides the e-Instant account, they also offer the Youth Account for individuals aged 18-25, entirely free of management fees.

The bank has not forgotten its broader customer base, offering reduced fees for its Basic Features Payment Account, a more traditional account type.

The Bank of Cyprus also recognizes the needs of its older customers, providing special commissions and fees for those above 65 years of age.