Increase in Daily and Monthly Maximum Limits for Dealing with Financial Inclusion Accounts only
Ayman Heikal
Central Banks | Regulator | Policy Maker | National Strategies | Certified Financial Inclusion Expert | Financial Stability | Retail Banking | Empowering Customers | 20+ Years of Banking Experience ?? ??
(Total withdrawals and/or outgoing transfers and/or any deductions and/or purchases) are as follows:
For Individuals:
A- Maximum account balance: Determined by the bank
B- Daily maximum limit: EGP 90k (Instead of EGP 60k)
C- Monthly maximum limit: EGP 300k (Instead of EGP 200k)
For companies and micro-enterprises that have documents or headquarters or are verified using any other means:
A- Maximum account balance: Determined by the bank
B- Daily maximum limit: EGP 120k (Instead of EGP 80k)
C- Monthly maximum limit: EGP 600k (Instead of EGP 400k)
For companies and micro-enterprises or self-employed and craftsmen who do not have documents, headquarters or the possibility of verification using any other means and are engaged in an economic activity and are listed under the name of "Economic Activity":
A- Maximum account balance: Determined by the bank
B- Daily maximum limit: EGP 90k (Instead of EGP 60k)
C- Monthly maximum limit: EGP 300k (Instead of EGP 200k)
The maximum daily and monthly limits for prepaid cards and mobile payment services remain the same.