Solutions
Customers of Cyprus and Tanzania based FBME bank are having difficulties moving their funds into their own control again. Since the Administrator appointed by the Central Bank of Cyprus took over the banks' management, things drastically changed for customers. Internet banking is closed until further notice, FBME Card Services blocked all the accounts and the only way to move funds is by internal transfer or by bank check.
There are three elements in a transfer, where FBME customers should pay close attention to:
Daily payment levels: The administrator wants to keep the bank at a short leash. The reason is that a bank run must be prevented and criminal funds must be confiscated. As of end of December 2014, the maximum daily amount to withdraw is one thousand Euro.
Bank checks: Since FBME Card Services closed all cash services, bank checks are the only way to transfer funds from FBME accounts. A bank check cannot be converted into cash funds, it must be deposited at another bank in Cyprus.
Your own bank account: The bank account to be used to deposit te bank check from FBME must be in exactly the same name as the FBME account has.
Within the parameters of these three core elements, there is flexibility to create a tailor made solution. Follow this link and start the process to claim your funds.
There are three elements in a transfer, where FBME customers should pay close attention to:
- Daily payment levels
- Bank checks
- Your own bank account
Daily payment levels: The administrator wants to keep the bank at a short leash. The reason is that a bank run must be prevented and criminal funds must be confiscated. As of end of December 2014, the maximum daily amount to withdraw is one thousand Euro.
Bank checks: Since FBME Card Services closed all cash services, bank checks are the only way to transfer funds from FBME accounts. A bank check cannot be converted into cash funds, it must be deposited at another bank in Cyprus.
Your own bank account: The bank account to be used to deposit te bank check from FBME must be in exactly the same name as the FBME account has.
Within the parameters of these three core elements, there is flexibility to create a tailor made solution. Follow this link and start the process to claim your funds.