Banking solutions in Egypt

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Member since 25 January 2013

Craig_emaMember29 August 2018 21:57:44

I have a job lined up in the coming months Oil and Gas company in Cairo. I have been told i will be paid in US dollars to avoid any Egyptian Pound fluctuations. Should i bank locally or wire transfer to offshore account. I am currently in the Kingdom of Saudi Arabia. Here you are required to open a local account to receive payment. The Saudi Riyal is pegged to the US Dollar so i can wire offshore at regular intervals.

What is the expat banking situation like in Egypt?

Ahmosa New member

Member since 30 August 2018

AhmosaNew member30 August 2018 06:50:22

You can bank locally but open an account using USD to be paid and to be able and withdraw using USD.

Banks in Egypt are not that good so try to use a big and well known bank. And try to get premium account status if possible.

Good luck

alshora Guest

alshoraGuest08 September 2018 21:12:12

HSBC
AAIB

AND A LOT OF BANKS IN CAIRO

tarnyaellan Active member

Member since 31 August 2011

tarnyaellanActive member03 March 2019 14:03:17

does anyone how much u have 2 pay 2 open a bsnk account just sold my house there n they gave my husband a cheque but in order 2 get my cheque cash n send me the money he told me i have 2 sent £200 first open a bank account then he can pu the cheque in n then send me the money through money gram after iv paid the tax
anyone got any ideas

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