Can the pension be transferred to a bank?

Pensioners can transfer their pensions to a bank through available channels and arrangements.

Key points

• Banks offer accounts and services specifically designed for this group.

• Before making the transfer, compare the ease of accessing your pension, ATM and branch locations, fees, interest rates, and any associated offers.

• Don't switch banks just because of a gift or short-term offer if the daily service at the other bank is less convenient for you.

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