2023-07-15 23:02:42
Some platforms circulated regarding canceling the Egyptian Post for the savings book and replacing it with a Visa card. This news has alarmed many Egyptian Post customers, especially those with savings accounts, which sparked a lot of fear in the hearts of savings book owners, as many want to know the fate of the exchange through the account. The official Egyptian Post page on Facebook was filled with questions and inquiries. Everyone wanted clear answers regarding their banking situation in case the savings book was cancelled.
The fact that the savings book was suspended from the Egyptian Post
In its response to these questions, the Egyptian Post clarified the truth behind the circulating news. Has the savings book already been canceled and replaced with a postal visa? The Egyptian Post answered this question, which was received on its official Facebook page: “In the event that the papers are expired only, the means of dealing is an ATM card issued by the Egyptian Post, and a paper book only for minors and people with special needs.”
With this response, we can say that the circulating news needs clarification. The Egyptian Post did not completely cancel the savings books. Rather, customers can use the Postal Visa card in the event that the paper notes run out only. For minors and people with special needs, the paper book will remain the main means of banking.
How to open a savings account
With the increasing pressures of inflation and the rising cost of living in Egypt, searching for the best places to keep savings and protect them from economic erosion is very important. Many prefer gold or real estate as a way to preserve the value of their money, but there are certainly other options. Today, we will talk regarding one of these options, which is opening a savings account at Egypt Post, which offers a return of 7%.
It is easy to open a savings account at Egypt Post, but there are some conditions that you should know:
Individual customer must be at least 16 years old. The minimum amount to open an account is EGP 100 for individuals and EGP 1,000 for companies. The maximum deposit is 10 million pounds for individuals and companies.
The Egyptian Post savings account offers many services and benefits that may be attractive to you:
The ability to open an account and issue an account statement in simple steps. An annual return of 7% is paid annually. Access to automated teller machines (ATM) services available at the Egyptian Post or any other bank. The ability to withdraw and purchase internationally or locally via Visa and MasterCard cards.
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