Service Personnel In Cyprus...

[sandyRoe]

Would there be many of them who would use Cypriot banks?

[rockyracoon]

Let's hope the army pay wages into British bank accounts.

[sandyRoe]

Osborne says they'll be compensated. I was thinking it strange that they'd use local banks.

[rockyracoon]

Looks like George O is going to compensate any losses

http://www.independent.co.uk/news/uk/home-news/george-osborne-uk-will-compensate-troops-and-government-workers-affected-by-cyprus-bailout-levy-8537814.html

[friedgreentomato]

Depends on how long they were planning on being out there - they may open an account in a local bank to save paying to many fees.

Normally it would be just pin money.

[Oleanda]

When we lived in Cyprus for 3 years in the 80's (my now ex was in the RAF), he had most of his wages paid into a Cypriot bank as we needed it to live on. Only money for savings was paid into UK bank.

[emmie]

yes and ex pats, several threads on this, legalised theft i think one said..