Banks in Egypt reduce cash withdrawal limits abroad

Banks in Egypt reduce cash withdrawal limits abroad

A number of Egyptian banks have reduced the limits of cash withdrawals for customers outside Egypt, in a measure aimed at slowing down manipulations to the system that were noticed recently

The exploitation of US dollar withdrawals abroad from bank accounts in the local currency to manipulate the price of the dollar on the black market.

Cash withdrawal limits in dollars for Banque Misr

The lists of cash withdrawal limits in US dollars outside of Egypt showed that Banque Misr have now reduced the cash withdrawal limit to a maximum of $1,500 per month.

Limits were set for withdrawals from Classic, Islamic Classic, Gold, and Islamic Gold credit cards, and corporate cards to $500 per month.

Visa and MasterCard debit cards are issued through Banque Misr with a validity period of five years.

This is achieved by opening a current account, a savings account, or a day-to-day account in the bank’s branches.

The bank’s cards are used in cash withdrawals and purchases inside and outside Egypt, with the possibility of linking more than one account to one card.

This feature allows linking several additional accounts (current, savings or certificates) with a maximum of six accounts other than the main account.

Withdrawal limits from Banque Misr Islamic Titanium, Titanium and