What is ISO 20022 in bank transfers? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is ISO 20022 in bank transfers?

Asked by Banky team 2 months ago 3 views
Banky team Reviewed editorial answer

A more structured and data-rich financial messaging standard between banks.

Key points

  • The Central Bank announced its adoption by Egyptian banks for SWIFT interbank transfers starting in June 2026.

  • For you, the most important impact is clearer transfer data, better processing, and tracking, not a change to your account number.

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.

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