Regulatory Alerts2024-04-15
Added · Updated
Cash Withdrawal Limits Circular - April 15, 2024
The daily maximum limit for cash withdrawals from bank branches has been increased to EGP 250,000 for individuals and companies, and from ATMs to EGP 30,000. Banks are required to review and update their internal policies to reflect these new limits, and also to update their maximum cash withdrawal policy for foreign currencies, ensuring Board approval and periodic updates. These changes are effective from April 15, 2024.
Topics
monetary
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