2020-12-28

A circular dated December 28, 2020 regarding extending the period of exemption from commissions and fees on banking services

In a letter dated December 28, 2020, the Governor of the Central Bank of Egypt, Tarek Amer, instructed banks to waive fees and commissions on various banking services from January 1 to June 30, 2021. This included waiving fees on bank transfers, mobile payment services, card issuance, and ATM transactions. The letter also directed banks to cancel fees and commissions on transactions using contactless payment tools issued by Egyptian banks.

Egypt

Central Bank of Egypt

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