Real Estate in Egypt
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Open a bank account in Egypt

The Egyptian banking system is regulated by the Central Bank of Egypt. Credit and debit cards are widely accepted. There are bank branches throughout Egypt, many having English-speaking staff. To open a bank account in Egypt, you need to meet certain requirements and usually need to be a resident for at least six months. The currency is the Egyptian Pound (EGP), although the U.S. dollar is accepted in many places. If you own a property or work in Egypt then you need to open a bank account. It enables you to pay bills and other services in local currency without the need for currency conversion.



·  Apply in person to open a bank account in Egypt. Choose a large bank, as it will have more branches.

Select the bank where you want to open your account in Egypt. Call the bank to find out the requirements. Minimum requirements include a passport, proof of address, work permit and residence permit. Get a letter from your employer confirming your identity. Additionally, recent statements from your home bank and passport-sized photographs are useful.



Wait to be contacted. You may be asked to return to the bank to collect your bank account details, or the information will be mailed to you. Bank cards need to be collected from the bank.

At any step IRIS Real Estate team is ready to help you and to make bank routine easy and smooth.

Tel.: +2 0100 582 33 59; +7 495 287 08 40; +2 0109 0 55 2 888
: 273514866
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