World Courant
Open an account with the US greenback is a service provided by authorities and personal banks to allow their clients to deposit international remittances into their accounts, buy certificates of deposit, or make international forex deposits.
Banks throughout Egypt are competing to get the best returns on opening an account in US {dollars} to draw clients.
Here is what you’ll want to 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 replica of his id 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’ll be able to request details about banking providers on an internet account. The financial institution requires that you just convey a replica of your id 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
How one can Open a US Greenback Account in Egyptian Banks
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