Waiting for all those who deal with banks operating in Egypt, which is the fate of the initiative launched by the Central Bank of Egypt, which exempts from paying withdrawal fees or inquires regarding the balance from ATM machines, and it is working to extend it for a period of 6 months more Once upon a time, this is to tackle the Corona virus.
Advantages of the Central Bank’s initiative to exempt from withdrawal and inquiry fees
The initiative to exempt bank customers from paying fees for withdrawals and inquiring regarding the balance through the ATM will end at the end of this June, and also the Central Bank did not interfere with the decision to renew once more or extend work in it indefinitely as many citizens want, and this In view of the advantages stated in the initiative and its aim is to reduce expenses and financial burdens on all those who deal with banks.
ATM withdrawal and inquiry commissions
Withdrawal fees worth from Automated teller machines affiliated to the National Bank of Egypt for 5 pounds, 5 pounds per transaction, and the fees for inquiry did not exceed 1.5 pounds per transaction.
A Banque Misr customer pays 6 pounds each time it is used, every time he withdraws part of his money through teller machines, and the fees for checking his balance reach 2 pounds at a time.
As for the Commercial International Bank, it used to charge all its customers withdrawal fees of up to 5 pounds for one time, and 2 pounds for balance inquiry fees.
And Credit Agricole Bank ATM withdrawal fees amounted to 6 pounds, compared to 3 pounds to inquire regarding the balance.
