International Courant
Open an account with the US greenback is a service supplied by authorities and personal banks to allow their prospects to deposit international remittances into their accounts, buy certificates of deposit, or make international foreign money deposits.
Banks throughout Egypt are competing to get the very best returns on opening an account in US {dollars} to draw prospects.
This is what you must find out about opening it one US greenback account at three authorities banks:
Financial institution Misr
The minimal quantity to open an account in US {dollars} is 100 {dollars}. The periodicity of curiosity funds on the account varies from month-to-month – quarterly – semi-annually – yearly, and the rate of interest varies between 2.138 p.c and three.133 p.c on an annual foundation.
To open an account in US {dollars}, the client is required to convey a duplicate of his identification card, passport or beginning certificates for minors.
The Nationwide Financial institution of Egypt
The minimal quantity to open an account in US {dollars} is $100. Annual fee of curiosity on the account in US {dollars}. The financial institution permits opening a joint account in US {dollars}. You may request details about banking providers on a web based account. The financial institution requires that you just convey a duplicate of your identification card or passport.
Banque du Caire
The minimal quantity to open a greenback account on the financial institution is $100. The minimal quantity for calculating returns is $20.
Edited translation of Al-Masry Al-Youm
Find out how to Open a US Greenback Account in Egyptian Banks
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