Dividend Distribution - best process?

[AndyAresa]

turns out the Cypriot bank is charging a commission of 0,75% over the received dividend amount - seems too high?

Hi marble123. Why did the bank charge the extra commission for due diligence, was it because the dividends were from a non-Cyprus company? and which bank was that - Bank of Cyprus or Hellenic?

 

[marble123]

yeah i just read the whole thread and 0.75%? jfc

worst that can happen? acc frozen for some time while you talk to the monkeys, depends heavily on amount.
Wise is good for up to $250k maybe, over that id go with a real bank.

In my experience € is easier to move through Wise than $

0.75% crazy indeed.. will try Wise and update on how it goes

Hi marble123. Why did the bank charge the extra commission for due diligence, was it because the dividends were from a non-Cyprus company? and which bank was that - Bank of Cyprus or Hellenic?

I believe so.. this is with Hellenic

 

[Elve]

Why not open a new bank account outside of Spain and Cyprus?

In Cyprus is it possible to open an account at Bunq, N26 or Swissquote for example?