What are financial inclusion accounts in Egypt and what are they for? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What are financial inclusion accounts in Egypt and what are they for?

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

These are bank accounts launched by the Central Bank of Egypt (CBE) to enable citizens who do not have formal proof of income (such as daily labourers and craftsmen) to enter the banking system.

They are opened free of charge, with no minimum balance to open the account, and with a copy of the national ID card only, without needing to submit income certificates or salary statements.

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