What is the maximum balance allowed on a prepaid card? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is the maximum balance allowed on a prepaid card?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Under the Central Bank of Egypt's financial inclusion instructions, there is a maximum balance that may be held on a prepaid card (usually up to EGP 100,000), and there is a maximum for withdrawals and purchases (daily and monthly) to prevent money laundering.

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