What happens to the payroll account if you leave the company?

When you leave your company, your salary account may continue, but it will be converted to a regular account, or its exemptions and fees may change depending on the agreement between the bank and your employer.

Steps

1. Contact your bank after changing jobs and ask about the name of the new product, the fees, and the minimum deposit.

2. If you have a loan or card linked to your salary transfer, review your repayment plan before the transfer stops.

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 — Financial Inclusion Rates

• Banque Misr — Account Terms and Conditions (PDF)

• Banque Misr — Savings Accounts