Is the wallet a bank account?

It's an electronic payment account and not necessarily a current or savings bank account with the same features.

Key points

• Compare its limits, services, and returns, if any.

• Don't use the two terms interchangeably.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

Source

• Central Bank of Egypt — Mobile Wallet