Account Opening Guidelines and Procedures

For Egyptians Residing Abroad through the Embassies of the Arab Republic of Egypt

• To review all terms and conditions related to account opening, please click the following link:[Link to Terms and Conditions].
• Egyptians residing abroad can open accounts with Banque Misr through the “Open Your Account in Egypt” service by visiting the nearest Egyptian embassy. Applicants must sign the account opening form in the presence of an embassy representative and present a valid national ID card or passport for verification.
• The citizen must complete all required information on the account opening application form provided by the embassy — including personal details, email address, and mobile phone number — in the presence of the embassy representative, and sign the final page in the designated signature area.
• The applicant shall then pay the certification fees specified by the Ministry of Foreign Affairs, Emigration, and Egyptian Expatriates for attesting the application.
• Banque Misr will contact the customer via email or SMS to confirm the successful opening of the account.
• To obtain the account number, please follow the instructions sent to your registered email address or contact the international hotline at (+202) 19888.

*You may access all banking products and services available to individual customers through Banque Misr’s branch network across the Arab Republic of Egypt by visiting any branch, provided that you complete any additionalinformation and submit the documents required by the bank in accordance with applicable procedures.

 

Accounts

Products and services available from Banque Misr for Egyptian expats when authenticating documents at the embassy:

Al Mongez Savings Account

A savings account in Egyptian pounds with a monthly return for new individual Egyptian customers. The account can be opened using only an identification document, without the need to provide supporting documents to prove income.

Features of the Al Mongez Savings Account:

• The account is opened free of charge with a minimum balance of EGP 100.
• Receive a competitive return paid monthly.
• Exemption from periodic account fees during the first year, with a 50% discount on fees starting from the second year.
• Easy access to the account through ATMs located throughout Egypt, 24/7.
• Easy access to account information and the ability to perform many banking transactions free of charge through the services provided by Banque Misr.
• Internet Banking and Mobile Banking App.
• Voice Service by calling 19888.

Account Terms and Conditions

• This account is available to new individual Egyptian customers aged 15 years and above.
• Daily and monthly transaction limits, as well as a maximum account balance, apply as follows:
  • Maximum account balance: EGP 750,000
  • Maximum daily transactions: EGP 90,000
  • Maximum monthly transactions: EGP 300,000
    (Transactions exceeding these limits will be automatically declined.)
• The daily and monthly transaction limits apply to all withdrawals, transfers, and debit transactions, except for automatic system-generated debits.
• Certificates of deposit and savings deposits purchased through the account are excluded from the daily and monthly debit limits but are counted toward the maximum account balance limit.
• The account may be used for all standard banking transactions within the limits specified above, except for the following:

• Request for Standing Instructions on the Account.
• Automatic account settlement operations by debiting or crediting the current account.
• Execution of loan, Murabaha, and credit card transactions.
• Collection of bills of exchange and post-dated checks drawn on the account.
• Customers may also request the issuance of a debit card by visiting any of the bank’s branches within the Arab Republic of Egypt, ensuring that the received card is activated via ATMs located in Egypt.

Al Mongez Current Account

The Al Mongez Current Account is a current account in Egyptian Pounds designed for individuals engaged in economic activities such as crafts, businesses, and freelance professions. It offers a wide range of benefits without requiring official documentation to prove the nature of the activity.

Key Features of the Al Mongez Current Account

• Free account opening with a minimum balance of EGP 100.
• Exemption from periodic account fees during the first year, with a 50% reduction in fees starting from the second year.
• Convenient access to your account through Banque Misr branches or ATMs located across the Republic — available 24/7.
• Free access to account information and a variety of banking transactions through Banque Misr’s electronic services, including:
  • Internet Banking and Mobile Banking App
  • Voice Banking Service by calling 19888

Account Terms and Conditions

• The account is available to new individual Egyptian customers aged 21 years and above.
• Maximum daily and monthly transaction limits, as well as a maximum account balance, apply as follows:
  • Maximum account balance: EGP 750,000
  • Maximum daily transactions: EGP 90,000
  • Maximum monthly transactions: EGP 300,000
    (Transactions exceeding these limits will be automatically declined.)
• The daily and monthly transaction limits apply to the total value of all withdrawals, transfers, or debit transactions, except for debits automatically processed by the system.
• Certificates and deposits purchased through the account are excluded from the daily and monthly debit limits but are counted toward the maximum account balance limit.
• The account may be used to perform all standard banking transactions within the specified limits, except for the following:
  • Requesting standing instructions on the account
  • Automatic account coverage operations (debiting or crediting the account)
  • Loan, Murabaha, and credit card transactions
• Customers may request the issuance of a debit card by visiting any of Banque Misr’s branches within the Arab Republic of Egypt, and must ensure the card is activated via ATMs within Egypt.
• When visiting Banque Misr branches, customers can enjoy access to all banking products and services available to individual clients, including the issuance of checkbooks, provided that any additional information or documents required by the bank are duly completed in accordance with applicable procedures.

Item	Details
Product Type	Savings Account with Interest
Target Segment	Individual Customers
Age Requirement	Minimum of 15 years
Scope of Application	Conventional and Islamic Branches
Minimum Account Opening Balance	USD 50 / EUR 50
Interest Calculation Method and Frequency	Interest is calculated on the lowest credit balance during the month and credited monthly to the account.
Minimum Balance for Interest Calculation	USD 100 / EUR 100
Maximum Daily Debit Transactions	USD 1,700 / EUR 1,600
Maximum Monthly Debit Transactions	USD 5,800 / EUR 5,200
Maximum Account Balance / for Interest Calculation	USD 14,800 / EUR 13,200
Account Opening Fees	Free of charge (subject to applicable stamp duty)
Periodic Account Fees	50% reduction in periodic account maintenance fees
Debit Card Issuance	Available only for USD accounts. The customer must visit any of the bank’s branches within the Arab Republic of Egypt and ensure activation of the received card through ATMs within Egypt.
Electronic Services and SMS Notifications	Available
Services Not Available for This Account	- Standing instructions - Account coverage operations (debit/credit swapping) - Loan/Murabaha transactions (credit/instalment payments) - Linking credit card transactions to the account - Collection of bills of exchange/post-dated checks - Checkbook issuance
Other Applicable Fees	Any other unlisted fees or commissions are applied as per the standard savings account terms.

 

• If the maximum limits stated above are exceeded, the corresponding transactions will be automatically declined.
• The daily and monthly transaction limits apply to the total value of all withdrawals, transfers, and debit transactions, excluding automatic system-generated debits.
• Certificates and deposits purchased through the account are excluded from the daily and monthly debit limits but are included in the maximum account balance limit.

 

 

 

Services Available to Customers Upon Visiting Banque Misr Branches within the Arab Republic of Egypt

Customers visiting Banque Misr branches across the Arab Republic of Egypt may access the full range of banking products and services available to individual clients within the bank’s branch network, including:

·       Issuance of debit cards or checkbooks (subject to completion of any additional information or documentation required by the bank in accordance with applicable procedures).

·       Removal of account transaction limits, allowing unlimited balances and transactions.

·       Linking multiple savings accounts without restrictions on balance limits.

·       Issuance of debit cards for accounts in Egyptian Pounds and US Dollars.

·       Issuance of credit cards secured by savings accounts.

·       Access to personal loans secured by savings accounts.

·       Access to mortgage financing loans.

The Hawalty Account

The Hawalty Account (available in both Egyptian Pounds and US Dollars) provides an efficient mechanism for individuals to receive and manage incoming remittances or transfers originating from outside Egypt.

A key feature of this account is the option to issue an instant debit card for immediate cash withdrawals or point-of-sale purchases in local currency through the Bank's ATM network. Account holders also retain the flexibility to perform USD cash withdrawals directly within the branch at any time. Furthermore, the account offers comprehensive management capabilities via the Bank's electronic channels, including internet and mobile banking.

 

Account Specifications:

• Eligibility: The account is accessible to individuals aged 21 years and older.

• Availability: The account is offered in Egyptian Pounds and US Dollars across all Bank branch locations.

• Account opening is free of charge, with no minimum balance required to open the account.

• Incoming remittances and transfers are without any maximum limit.

• A debit card in Egyptian Pounds or US Dollars may be issued for the account.

• Foreign currency remittances are automatically exchanged into Egyptian Pounds at preferential rates and credited to the Hawalety Account, with the possibility of cash withdrawal through ATMs using debit cards, or directly from the branch for amounts exceeding the daily ATM cash withdrawal limit.

• Incoming US Dollar remittances to the Hawalety Account in US Dollars are automatically exchanged at preferential rates when withdrawing cash via debit cards, where withdrawals are made in local currency. Cash withdrawal in US Dollars is also available at the branch upon request.

• Free subscription to BM Online Internet and Mobile Banking services, enabling balance inquiries and transfers between accounts within Banque Misr at any time.

Super Cash Savings Account – Monthly – Egyptian Pound

The Banque Misr Super Cash Savings Account enables customers to enjoy a competitive interest rate credited monthly to the account.

Account Features

Foreign Currency Savings Accounts

With Banque Misr Foreign Currency Savings Accounts, customers can now save and earn competitive interest rates, conduct daily banking transactions, and access all essential banking services through a range of major foreign currencies.

• Minimum opening balance: 100 units in foreign currency.

• Flexible interest payment options for US Dollar savings accounts (monthly, quarterly, semi-annual, or annual), and semi-annual interest for Euro and Sterling Pound accounts.

• Account inquiry and most banking transactions can be carried out free of charge through Banque Misr’s Internet Banking and Mobile Banking services.

• Possibility of purchasing Banque Misr Certificates of Deposit in various foreign currencies and crediting returns automatically on maturity.

• Option to settle insurance premium payments directly from the account.

• Ability to open a joint account in the name of more than one person.

• All banking transactions can be performed through Banque Misr branches nationwide.

BM Global Services for Egyptians Expats

• Banque Misr provides Egyptian expatriates with innovative and easy-to-use banking solutions, enabling them to achieve their financial goals effortlessly, as if they were in Egypt.

Our products and services include the following:

• Account available for individual customers.

• Account available in Egyptian Pounds.

• Minimum balance to open the account and earn interest: 100,000 EGP.

• Enjoy a monthly return calculated according to account balance tiers.

• Multiple balance tiers offer the opportunity to earn higher interest rates as the account balance increases.

• Issue of a debit card from Banque Misr’s diverse range of debit cards.

• Ability to purchase Certificates of Deposit and Time Deposits in local currency.

• Option to settle financial commitments on your behalf through standing instructions debited from the account.

• Option to transfer salaries and pensions from relevant entities to the account upon request.

• Ability to settle insurance premium payments directly from the account.

• All banking transactions can be conducted through Banque Misr branches across Egypt.

• Easy 24/7 account access through ATMs located nationwide.

• Free account inquiry and transaction execution via Banque Misr’s digital channels:

– Internet Banking and Mobile Banking (BM Online).

– IVR Service by calling 19888.

– Banque Misr Wallet for e-payment transactions.

• Possibility of obtaining financing secured by the account balance, in accordance with applicable rules and regulations.

Highest Savings Return

Banque Misr offers its customers residing abroad competitive interest rates on accounts, certificates, and deposits in both local and foreign currencies, meeting their diverse financial aspirations.

Tailored Financing Programs for Egyptians Abroad

Banque Misr provides tailored financing programs for Egyptians working abroad to purchase residential units in Egypt, with the possibility of applying from outside the country.

Platinum Debit Card in US Dollars

Enjoy the highest usage limits both inside and outside Egypt with Banque Misr’s US Dollar Platinum Debit Card.

Dedicated Financial Advisory Team

A specialized team offers comprehensive financial consultation and full support to meet all banking inquiries.

Exclusive Concierge Services Provided by Booking CW

A premium experience with distinguished concierge services offered through Booking CW.

BM Global Features

• BM Online Internet & Mobile Banking Services: Conduct a wide range of banking transactions securely and conveniently from anywhere, manage accounts, monitor card balances, pay credit card dues, and make transfers.

• IVR Service: Banque Misr has enhanced its free interactive voice response system, allowing customers to perform multiple banking transactions easily and safely, monitor accounts and cards of all types, and access various services.

• Dedicated Financial Advisory Team: Providing full support and assistance for banking inquiries.

• Priority Phone Support: Available 24 hours a day, 7 days a week, by calling +20219888.

• Dedicated Email Contact: Customers may reach us via BMGlobal@banquemisr.com.

• WhatsApp for Business: Automated support for customer inquiries, available 24/7 via WhatsApp number +20219888.

Premium Concierge Service

• Special discount on hotel bookings with the option of paying in local currency.

• Assistance with visa issuance for all countries.

• Booking of tickets for international sports matches, private trips, luxury yachts, and exclusive programs, including transfers and visits.

• For bookings, please contact:

– Customer Service: 1980900202

– WhatsApp: +20100005260 / +201050444455

– Email: Reservationglobal@bookingcw.com

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