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Egyptian Banks Are Opening Free Accounts Until End of April

Available chiefly for new customers, the free bank accounts will not require a minimum deposit, and will come with a free debit card that can be used in withdrawals from ATMs.

As part of a series of initiatives to improve and promote financial inclusion, the Central Bank of Egypt instructs banks across the country to allow every citizen to open an account for free from March 15th until the end of April.


Available chiefly for new customers, the free bank accounts will not require a minimum deposit, and will come with a free debit card that can be used in withdrawals from ATMs.


The Central Bank of Egypt will also launch their 'Know Your Customer' project that will enable citizens to open a bank account online, and access all banking services in real time over the internet. The 'Know Your Customer' project is scheduled to begin at the end of 2022.