The General Authority of Egypt Post announced the possibility of receiving foreign remittances in foreign currencies through the “External Addition” service.
This came in response to a query received on the authority’s official page Mail On the social networking platform “Facebook”, one of the followers says: “It is useful for you to track money from abroad in US dollars?”
The admin of the page answered the query, saying: “You can send money from abroad with the external add-on service.”
The post page clarified that to receive money from abroad in foreign currencies, it is required that they be transferred in the equivalent in Egyptian pounds.
It is worth noting that, through the international money transfer service, it is possible to send and receive money across many countries, through electronic data exchange, using advanced data encryption technologies.
This service has many advantages; Most notably, the transfer of money from one country to another in a safe and secure manner, in addition to the fact that this service is subject to the system and regulations of the Universal Postal Union.
Instant Transfers
In a related context, Egypt Post provides instant local and international cash transfers, which is one of the postal services concerned with sending and receiving cash at the same time from the nearest post office to customers and non-customers.
The Postal Authority revealed the fees for instant cash transfers at post offices, explaining that commissions on local cash transfers are applied to sending as follows:
– Up to 100 pounds, a commission of 7 pounds applies.
From 101 pounds to 40 thousand pounds, a commission of 1% applies, with a minimum of 10 pounds, and a maximum of 250 pounds.
The authority clarified that the maximum limit for instant postal remittances at one time is 40,000 pounds, pointing out that more than that value is divided.
She added that it is necessary to extend the validity of the transfer by 90 days in the event of non-disbursement of the transfer, in order to avoid its cancellation.