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Opening a bank account in Egypt

Last activity 08 October 2011 by Egyptianny

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Julien

Hi all,

is it difficult for expats to open a bank account in Egypt ?

Which documents are required to open a bank account in Egypt ?

How long does it take to open it ?

Is there any restriction for expats regarding the services (loans for instance)  ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien

amarakl

i think Open account is very easy use the passport and copy of it for open it
or Egyptian driving license
the best bank in my opinion is CIB ( it has very good Internet banking service ) but the bank which has many ATM machines at Egypt is NBE National bank of Egypt
about loans i think it is very difficult for expat

Harmonie

Hi amarakl!

Thanks for your tips.;)

Harmonie.

Wild

To open a bank account as an expat you should have a valid residency visa for minimum 6 month. Some banks as HSBC, if you open a bank account for the first time with them, will ask for some data about your previous bank accounts as i remember.

amarakl

Opening a bank account
when you arrive in Egypt,

To open a bank account in
Egypt, you will be required to
provide a range of official
documentation, such as your
passport, work visa and
residence certificate. Whichever bank you’re looking To open an account with, a letter from your home bank and some recent bank
statements are likely to be
helpful in the application process. You should also take
several passport-size
photographs with you.

Opening a bank account
before you arrive in Egypt An alternative to opening a
local Egyptian bank account is to open an international account before you arrive. In addition to giving you access
to a range of access to a range of savings and bank accounts, you will also benefit from a comprehensive range of
international banking services, including online banking, international payments and online money transfer services. International accounts can be opened before you move to Egypt, and provide expats
living and working in Egypt
with a convenient way to
manage their finances abroad.

For more information :Dwww.expat.barclays.com/egypt-bank-account

Harmonie

:top:

amarakl

Egyptianny wrote:

Opening a bank account
when you arrive in Egypt,

To open a bank account in
Egypt, you will be required to
provide a range of official
documentation, such as your
passport, work visa and
residence certificate. Whichever bank you’re looking To open an account with, a letter from your home bank and some recent bank
statements are likely to be
helpful in the application process. You should also take
several passport-size
photographs with you.

Opening a bank account
before you arrive in Egypt An alternative to opening a
local Egyptian bank account is to open an international account before you arrive. In addition to giving you access
to a range of access to a range of savings and bank accounts, you will also benefit from a comprehensive range of
international banking services, including online banking, international payments and online money transfer services. International accounts can be opened before you move to Egypt, and provide expats
living and working in Egypt
with a convenient way to
manage their finances abroad.

For more information :Dwww.expat.barclays.com/egypt-bank-account/


:top:

amarakl

Egypt's banking system today
is modern and regulated
according to internationally
accepted standards. Online and telephone banking are
becoming increasingly popular, and the use of credit, debit and cash cards is widespread throughout Egypt.

A number of Egyptian banks offer a range of retail, commercial and even Islamic banking services, which operate according to Sharia rules. Bank branches are plentiful in Egyptian cities and towns, with new branches opening regularly. Banks offer multi- lingual services, such as counter services and internet banking, and customers of
international and national
banks have the option of
receiving bank statements and bank correspondence in either Arabic or English.

For more information :)www.barclayswealth.com/international/su … -egypt.htm

Armand

Hi Egyptianny!

Thanks for your help!

Armand

amarakl

You are Welcome Armand :)


And Thanks for ALL :D

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