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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Transferring money from Cyprus to the UK can become costly if you rely on traditional banks. Fees along with wider margins reduce the value of your transfer. A regulated currency specialist helps lower costs and provides support throughout the process which benefits anyone moving funds between Cyprus and the UK.
This guide explains everything you need to know including fees, timings, safety and the differences between banks and currency specialists.
A currency specialist offers guidance throughout the transfer which many clients prefer when moving meaningful sums. This applies to property sales, savings, repatriation of funds, business payments and other transfers where accuracy is important.
With Regency FX, client money stays in segregated safeguarded accounts until the transfer is complete. This structure protects your funds throughout the process.
Each client works with a personal account manager who explains rates, timing, documentation and settlement. Many people value this because it turns a complex process into something clear and simple.
There are two types of cost you need to be aware of.
Most banks charge transfer fees when sending money internationally. Fees are the obvious cost. Margins often create the highest loss.
Banks in Cyprus apply processing fees then add SWIFT charges that can be significant.
• €15 when completed in a branch
• €10 when completed online
• SWIFT fee of 0.5 percent with a €20 minimum and a €200 maximum
• 0.15 percent creation fee with a €20 minimum and a €250 maximum
• In some cases 0.10 percent with a €10 minimum and a €200 maximum
• Extra costs for faster delivery or amendments
• Correspondent bank charges between €12 and €60
• Cancellation or amendment costs between €25 and €60
• Many of these costs appear deep within tariff documents
The easy way to avoid these fees is to avoid using the banks. A regulated currency specialist removes transfer fees and provides stronger rates.
Banks often apply margins around two percent. On a €100,000 transfer this can create a €2,000 loss in conversion value.
A specialist applies a tighter margin with a clear explanation of how the rate has been calculated. This supports better planning for property related transfers or larger payments.
Banks process international payments but offer limited support. Clients often complete steps on their own which can cause delays and confusion.
A currency specialist focuses on this type of transfer every day. The result is more guidance and often a more cost effective outcome for high value movements.
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There are no restrictions on sending money from Cyprus to the UK. Some transfers face additional checks due to anti money laundering requirements.
Cyprus removed capital controls in 2015 although banks may apply detailed verification steps for outgoing transfers. Once documentation is complete the transfer proceeds without difficulty.
Safety is a key part of any international transfer. FCA regulation requires firms to hold client money in safeguarded accounts. These accounts remain separate from company funds which protects your money until it is released.
This structure mirrors systems used in institutional finance yet offers lower costs than a traditional bank.
You can check the regulatory status of any provider through the FCA Register.
Most transfers clear within one to three working days. Timings depend on bank checks and the accuracy of the information provided.
Specialists often complete transfers quicker once funds reach the safeguarded account. Same day or next day settlement is common if the funds are sent before the cut-off time (you often need to send it by mid-afternoon Cyprus time (around 2-3 PM local time).
Your account manager provides a live exchange rate.
Registration is simple and free.
You confirm the rate before sending funds.
Funds remain protected until converted.
Your account manager completes the trade.
Funds usually arrive within one to three working days.
Google displays the interbank exchange rate. This is the wholesale rate used by financial institutions. Retail customers do not receive this rate.
Banks and consumer platforms apply margins above the interbank level. A specialist provides a live rate that reflects the true price of your transfer with a clear explanation of how the rate works.
This is helpful for property sales or any transfer where timing matters.
A regulated currency specialist is usually the most cost effective option for larger transfers because it removes bank fees and offers a tighter exchange rate.
Cyprus banks apply processing fees plus SWIFT charges plus correspondent bank costs. Exchange rate margins add further cost. A specialist removes transfer fees and offers stronger pricing.
Yes. Transfers are safe through an FCA regulated specialist because client funds remain in safeguarded accounts until the transfer is complete.
Most transfers complete within one to three working days. Settlement is often faster with a specialist once checks are complete.
Identification and source of funds documentation are usually required. Once verified the transfer moves ahead without delay.
A specialist offers stronger rates, lower costs, personal support and a clearer process. This suits clients moving property proceeds or other significant payments.
Regency FX provides international money transfers for private clients and businesses. The service focuses on clarity, personal guidance, strong safeguarding and competitive pricing.
We pride ourselves on our premium level of customer service, you will be allocated your own personal account manager whom you will have direct access to.
All funds transferred through Regency FX are made using client segregated accounts in accordance with the FCA (Financial Conduct Authority) guidelines.
Our clients value:
This model suits those who prefer expert guidance rather than a self service process.
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