The Best Cyprus Community

Skip to content


bank deposits

Feel free to talk about anything that you want.

Re: bank deposits

Postby kurupetos » Thu May 09, 2013 4:51 pm

Oceanside50 wrote:If these capital controls that are in force today in Cyprus, been conducted 20 years ago, Cyprus would have been turned upside down.

I can swim.
User avatar
kurupetos
Leading Contributor
Leading Contributor
 
Posts: 18855
Joined: Tue Jul 31, 2007 7:46 pm
Location: Cyprus

Re: bank deposits

Postby RichardB » Thu May 09, 2013 5:47 pm

cyprusgrump wrote:Just had a run-in with the bank manager over the new rules governing removing money from a notice account...

These new rules by the way are not mentioned in the official releases about capital controls.

The Bank Manager said "It is not your money, it is our money."



I saw a programme recently, on i think it was al jazeera, where they were discussing banking and the general crisis throughout the EU

and i'm pretty sure it was reported that when our money went into banks then it DID actually become the property of the banks.

Now I'm not too wise on all this palaver but maybe someone in the know can confirm this
User avatar
RichardB
Main Contributor
Main Contributor
 
Posts: 3641
Joined: Thu May 18, 2006 9:48 pm
Location: Blackpool/Lefkosia

Re: bank deposits

Postby Oceanside50 » Thu May 09, 2013 8:30 pm

kurupetos wrote:
Oceanside50 wrote:If these capital controls that are in force today in Cyprus, been conducted 20 years ago, Cyprus would have been turned upside down.

I can swim.


thats not what i meant Kurupetos, its as if money is becoming less important then it used to be...for instance 500 years ago in Cyprus if you took someones water from their well lets say, you could cause a riot or be killed etc....nowadays stealing someones water by connecting a hose to their spicket isnt that big a deal(water is abundant relatively speaking)....same with money today and what it used to mean. maybe money is becoming more abundant also
Oceanside50
Regular Contributor
Regular Contributor
 
Posts: 2292
Joined: Fri Jan 11, 2013 5:45 pm

Re: bank deposits

Postby GreekIslandGirl » Thu May 09, 2013 9:24 pm

RichardB wrote:
cyprusgrump wrote:Just had a run-in with the bank manager over the new rules governing removing money from a notice account...

These new rules by the way are not mentioned in the official releases about capital controls.

The Bank Manager said "It is not your money, it is our money."



I saw a programme recently, on i think it was al jazeera, where they were discussing banking and the general crisis throughout the EU

and i'm pretty sure it was reported that when our money went into banks then it DID actually become the property of the banks.

Now I'm not too wise on all this palaver but maybe someone in the know can confirm this


Yes, you are right, as usual, oh great one. :D

(But, I'm sure the exchange wasn't quite as black and white as moaning CG makes out. :wink: )
User avatar
GreekIslandGirl
Main Contributor
Main Contributor
 
Posts: 9083
Joined: Sat Oct 15, 2011 1:03 am

Re: bank deposits

Postby Smiler Brian » Thu May 09, 2013 9:45 pm

Get Real! wrote:
CBBB wrote:
Smiler Brian wrote:I have a laiki account, now down to a few euro as i have still been able to transfer money to others using the electronic banking. My question is - how do i get an account in another bank without coming to Cyprus? Or can i deposit money in the laiki bank from another bank or would i just lose it?


Your account will be transferred to Bank of Cyprus and you will be sent the new details.

Haven't they done that yet? :?


I have heard nothing at all. Laiki bank still available on line using the "one off pin" thingy.
User avatar
Smiler Brian
Contributor
Contributor
 
Posts: 340
Joined: Sat Jun 16, 2007 7:17 pm

Re: bank deposits

Postby cyprusgrump » Thu May 09, 2013 9:48 pm

GreekIslandGirl wrote:
RichardB wrote:
cyprusgrump wrote:Just had a run-in with the bank manager over the new rules governing removing money from a notice account...

These new rules by the way are not mentioned in the official releases about capital controls.

The Bank Manager said "It is not your money, it is our money."



I saw a programme recently, on i think it was al jazeera, where they were discussing banking and the general crisis throughout the EU

and i'm pretty sure it was reported that when our money went into banks then it DID actually become the property of the banks.

Now I'm not too wise on all this palaver but maybe someone in the know can confirm this


Yes, you are right, as usual, oh great one. :D

(But, I'm sure the exchange wasn't quite as black and white as moaning CG makes out. :wink: )


I just knew you would be along to offer words of advice and support.... :roll:

And of course, you know much better than I what went on in the room - you being the expert on everything to do with Greece and Cyprus....

Perhaps you could tell everybody - you being the expert on everything to do with Greece and Cyprus - exactly what the bank manager said and exactly what I said - you being the expert and all seeing - all knowing... :roll:

Tell them the bit about the bank manager saying it was "disloyal during the current crisis to want to remove money from the bank" that had stolen the funds of so many....

You could tell them the bit how there was no due process of law, no bankruptcy proceeding, no judicial review of assets and, in fact, no law of any sort applied. Deposits were confiscated as mandated by the European Union and agreed to by the Cyprus Parliament....

Tell them how people deposited money in the bank on the understanding that they could remove €1,000 per day but have since have discovered they can only remove €2,000 per month...

Tell them how the central bank makes the rules of capital controls yet the bank of Cyprus makes its own rules restricting its customers from removing their cash from the bank....

You being the expert on everything you can explain how it works.... You obviously know much better than I.... :wink:
User avatar
cyprusgrump
Main Contributor
Main Contributor
 
Posts: 8481
Joined: Thu Sep 01, 2005 4:35 pm
Location: Pissouri, Cyprus

Re: bank deposits

Postby GreekIslandGirl » Thu May 09, 2013 10:25 pm

Admit how well you've done being in Cyprus compared to your compatriots back home - go on - just once! :wink:

You made an adult choice, didn't you?
User avatar
GreekIslandGirl
Main Contributor
Main Contributor
 
Posts: 9083
Joined: Sat Oct 15, 2011 1:03 am

Re: bank deposits

Postby kurupetos » Thu May 09, 2013 10:39 pm

GreekIslandGirl wrote:Admit how well you've done being in Cyprus compared to your compatriots back home - go on - just once! :wink:

You made an adult choice, didn't you?

What's an adult choice? :?
User avatar
kurupetos
Leading Contributor
Leading Contributor
 
Posts: 18855
Joined: Tue Jul 31, 2007 7:46 pm
Location: Cyprus

Re: bank deposits

Postby cyprusgrump » Thu May 09, 2013 11:36 pm

GreekIslandGirl wrote:Admit how well you've done being in Cyprus compared to your compatriots back home - go on - just once! :wink:

You made an adult choice, didn't you?


I'll admit it...

Once you tell everybody on the board how you know exactly what happened in the meeting with the bank manager today...

Once you tell them how you know better than me what was said by both parties...

Once you tell everybody on this board how you know my exact financial circumstances and how I have fared better than if I had stayed in the UK....

Oh... but you can't do any of those things can you...? :roll:

Same old, same old from you....
User avatar
cyprusgrump
Main Contributor
Main Contributor
 
Posts: 8481
Joined: Thu Sep 01, 2005 4:35 pm
Location: Pissouri, Cyprus

Re: bank deposits

Postby GreekIslandGirl » Fri May 10, 2013 12:03 am

Who cares!

Clearly the Bank Manager is not posting his side of the story here - so whatever slant you put upon it has to be "the truth", right! :roll:
User avatar
GreekIslandGirl
Main Contributor
Main Contributor
 
Posts: 9083
Joined: Sat Oct 15, 2011 1:03 am

PreviousNext

Return to General Chat

Who is online

Users browsing this forum: No registered users and 0 guests