2020-09-15

A circular dated September 15, 2020 regarding commissions and fees on banking services

In a letter dated September 15, 2020, the Governor of the Central Bank of Egypt, Tarek Amer, instructed banks to waive fees and charges on various banking services until December 31, 2020, including electronic transfers, mobile payment services, and ATM transactions. This move aims to encourage the use of electronic payment methods and reduce the reliance on cash. The letter also emphasizes the continuation of exemptions for online banking services for existing customers, provided they comply with the bank's subscription procedures.

Egypt

Central Bank of Egypt

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