Can I break a savings certificate or deposit and redeem it through the app? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can I break a savings certificate or deposit and redeem it through the app?

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

Yes, most apps allow you to break certificates (provided 6 months have passed since issuance) and to break deposits. The system automatically shows the redemption value after the penalty is deducted, for you to approve before completing the transaction, and the money is credited to your account instantly.

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