Banky team Reviewed editorial answerMany savings products set conditions on who may buy them: individuals only, Egyptians and/or foreigners, an age band, or residence outside Egypt, as with products labelled 'for Egyptians abroad'. These conditions are in the product's terms, and the bank checks them against documents and confirms eligibility.
On age: the age of majority is 21. Since November 2024, banks may open accounts in their own names for people aged 15 to 21 without a guardian's approval, but with products the bank considers suited to their age. So a given product may have its own age limit.
On foreigners: the rules allow foreigners who do not live in Egypt to open bank accounts, subject to the account-opening and due-diligence rules.
Before you go, check the eligibility conditions in the product's terms or key-facts statement, ask the bank which documents are required, and ask specifically about any condition that is unclear.