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1:11 pm
Saturday 05 September 2020
I wrote – Manal Al-Masry:
Banks re-apply commissions and fees on customer deposit and withdrawal transactions through other banks’ ATMs after approximately 10 days from now, after the expiration of the period specified by the Central Bank’s decision to exonerate of these rates for a period of 6 months.
Last March, the Central Bank of Egypt ordered banks to cancel all commissions and fees applied to withdrawals and deposits in Egyptian pound from ATMs for a period of 6 months, starting on March 15, as part of the precautionary measures taken by the Central Bank to reduce the repercussions of the emerging Corona virus.
The three public banks, Al-Ahli, Egypt and Cairo, provide their clients with withdrawal and balance inquiry services from their ATMs for free, while non-clients accept a commission for withdrawals and inquiries when using their machines at change to provide the service.
In some cases, customers resort to withdrawing or consulting their balances using machines from other banks, due to the unavailability of the machines of their subsidiary in the area where they are located.
Each bank establishes limits for the client’s daily withdrawal, and these differ according to the type of card issued to the client and used in the withdrawal, since some banks offer more than one type of debit cards, depending on the size of the bank’s balances. client.
Masrawy provides a detailed report on the value of commissions and inquiries on the balance of the debit cards “debit” of the machines of the three public banks, Al-Ahly, Egypt and Cairo, for the non-clients of the three banks , as applied before the decision of the Central Bank to cancel the commissions:
1- National Bank of Egypt:
Fees for a withdrawal transaction: 5 pounds
Fee for balance inquiry: 1.5 EGP.
The maximum withdrawal limit per day: varies depending on the type of card as follows:
The classic: 15 thousand pounds.
Gold: 20 thousand pounds.
Platinum: £ 20,000
2- Banque Misr:
Fees for a withdrawal transaction: 6 pounds.
Balance inquiry fee: two pounds.
The maximum withdrawal limit per day: varies depending on the type of card as follows:
The classic: 10,000 pounds.
Gold: 18 thousand pounds.
Titanium: 20 thousand pounds.
Platinum: 20 thousand pounds.
3- Banque du Caire:
Fees for a withdrawal transaction: 7 pounds.
Balance inquiry fee: EGP 5.
The maximum withdrawal limit per day: 20 thousand pounds for the classic card.
