Waffar Micro Account (Financial Inclusion) — banque du caire | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Waffar Micro Account (Financial Inclusion)

banque du caire · Current accounts · Egyptian Pound · 3.0 · Monday 26 October 2026 - 05:48 PM

A current account for microfinance loan customers, offering business transaction management and electronic collection services.

Min. opening deposit
EGP 0
Monthly fee
EGP 0

The account

Min. opening deposit
EGP 0
Max balance
EGP 1,000,000
Daily limit
EGP 90,000
Monthly limit
EGP 300,000
Overdraft allowed
No

Fees

Opening fee
EGP 120
Monthly fee
EGP 0
Quarterly fee
EGP 120
Annual fee
EGP 0
Below-minimum fee
EGP 0
Statement fee
EGP 0

Services

Cheque book Debit card SMS alerts Bill payments

Eligibility

Joint account
No
Minor account
No
Open to foreigners
No
Min age
21
Required documents
National ID Copy

Our take 3.0

3.0 Banky rating

Pros

  • Provides practical tools for managing a micro-enterprise, including loan repayments, bill payments, transfers, electronic collections, and access to InstaPay.

Cons

  • The account is limited to Egyptian customers with microfinance loans. It also carries an opening fee of EGP 120, deducted from the loan, while some services are subject to the bank’s tariff.

Our take

Banque du Caire’s Waffar Micro Account is designed to support micro-enterprise owners who are customers of the bank’s microfinance loan program. The EGP current account helps them manage business transactions, repay loan installments and bills, and make transfers. It offers 24/7 cash withdrawals and deposits through the bank’s ATMs, electronic collections through Cairo Cash for merchants and POS services, access to InstaPay, and the option to issue a checkbook. However, the account is restricted to a specific customer segment, and the EGP 120 opening fee is deducted from the loan. Fees also apply to certain services in accordance with the bank’s tariff.

A current account for microfinance loan customers, offering business transaction management and electronic collection services.

Compare

Alternatives at a glance
Waffar Micro Account (Financial Inclusion) banque du caire This one current Account BANQUE MISR current account Egbank current account Al Ahli Bank of Kuwait – Egypt
Min. opening deposit
EGP 0 EGP 2,500 EGP 5,000 EGP 5,000
Monthly fee
EGP 0 EGP 300 Yearly feeEGP 1,200 Yearly feeEGP 1,200 Yearly fee
Compare with 3 similar current accounts

Added Monday 26 October 2026 - 05:47 PM Updated Tuesday 27 October 2026 - 12:05 AM