Housing & Development Bank (HDB) has announced a range of banking products and services with no administrative fees as part of the financial inclusion events celebrating World Savings Day under the auspices of the Central Bank of Egypt (CBE), from October 15 to 31, 2026. The move is part of the bank's efforts to encourage citizens to save and to make banking services easier to access.

The initiative is part of the bank's strategy to promote financial inclusion and broaden the base of people using banking services by offering accessible banking solutions aimed at all segments of society.

HDB's free services during the financial inclusion events

HDB is offering customers a range of banking services with no administrative fees, using only a valid national ID card. They include:

  • Opening a current account or a savings account free of charge.

  • Opening an economic-activity current account or a corporate current account free of charge.

  • A debit card issued free of charge.

  • Free subscription to mobile and internet banking services.

  • Opening a Flousy Phone e-wallet free of charge.

HDB's vision for promoting financial inclusion

HDB places financial inclusion among its strategic priorities, based on its belief that banking services are one of the core pillars of sustainable development and economic empowerment.

The bank's efforts are not limited to providing bank accounts; they extend to enabling all segments of society, including young people, women, people with disabilities, owners of small and micro enterprises, and the most vulnerable groups across Egypt's governorates, to access safe and affordable financial services that meet their daily needs and future aspirations.

These efforts are in line with the state's direction and the CBE's guidance aimed at bringing more citizens into the formal banking system and promoting a culture of saving and dealing with banks.

3 main pillars of the bank's financial inclusion strategy

HDB's strategy for promoting financial inclusion rests on three main pillars:

1- Financial education and awareness

The bank takes part in financial inclusion events and runs awareness campaigns aimed at raising financial literacy among people who do not deal with banks, with a focus on young people, women, people with disabilities and residents of rural areas, helping them make sound financial decisions.

2- Innovation and digital transformation

The bank is developing its digital channels, including e-wallets, internet banking services and mobile apps, to make banking transactions safe and flexible and to reduce reliance on cash.

3- Offering accessible banking products

The bank designs banking products and accounts that suit the needs of individuals, owners of economic activities and companies, while simplifying procedures and reducing paperwork and administrative fees, making it easier for all groups to access banking services.

Key financial inclusion accounts at HDB

HDB offers a range of bank accounts designed to meet the needs of various customer segments, including:

  • A tiered financial inclusion savings account in EGP and USD.

  • A financial inclusion economic-activity account in EGP and USD.

  • A financial inclusion corporate account in EGP and USD.

  • The Youth account.