10 Egyptian banks allow opening an account in foreign currencies

banks allow customers the ability to open a savings or “current” account in various foreign currencies, the dollar, the euro, and the British pound, with the aim of enabling them to deposit external transfers into their account or purchase certificates of deposits in the foreign currency.

Banks stipulate a minimum for opening a foreign currency account as a basic condition for opening the account, with the customer showing the sources of foreign currency flows from any party, whether from work or relatives.

Documents required to open a savings or current account in a foreign currency

Banks require some documents to open a foreign currency account, including the presence of foreign currency flows such as transfers from abroad, or from a currency destination, and the submission of a passport, or a copy of a national ID number with the job written on it. In the event that there is no profession, a copy of the national ID number of the father or husband can be submitted to verify the identity of the bank. The presence of financial flows to the client.

- The minimum amount to open a foreign currency account at the National Bank of Egypt

1.    Current/savings: $100 and its equivalent in foreign currencies.
2.    Fees for opening a foreign currency account at the National Bank of Egypt
3.    50 pounds and its equivalent in foreign currency.

- The minimum amount to open a foreign currency account at the Bank of Egypt

1.    Current/savings: 100 units of foreign currency.
2.    200 units for a savings account in case of calculating a return
3.    Fees for opening a foreign currency account at Banque Misr:
4.    50 pounds and its equivalent in foreign currency.

-Minimum amount to open a foreign currency account at Banque du Caire:

1.    Current/savings: $100 and its equivalent in other foreign currencies.
2.    Fees for opening a foreign currency account at Cairo Bank:
3.    50 pounds and its equivalent in foreign currency.

- The minimum amount to open a foreign currency account at Faisal Islamic Bank

1.    Current account: 500 dollars, 500 euros, 250 sterling pounds
2.    Investment (savings) account: 1000 units of foreign currencies.
3.    Fees for opening a foreign currency account at Faisal Islamic Bank
4.    60 pounds and its equivalent in foreign currencies

- The minimum amount to open a foreign currency account at QNB Al Ahli Bank

1.    Current account: $1,000 and its equivalent in foreign currency.
2.    Savings account: $500 and its equivalent in foreign currency.
3.    Fees for opening a foreign currency account at QNB Al Ahli Bank
4.    75 pounds and its equivalent in foreign currencies.

- The minimum amount to open a foreign currency account in Al Baraka Bank

1.    $500 or equivalent to open an account in British Pounds
2.    400 euros to open an account in euros
3.    Open a dollar account: $10
4.    Opening an account in British pounds: 10 British pounds
5.    Opening an account in Euros: 10 Euros

- The minimum amount to open a foreign currency account at First Abu Dhabi Bank

1.    1000 units in foreign currency
2.    Fees for opening a foreign currency account at First Abu Dhabi Bank
3.    Open a dollar account: $5
4.    Opening a Euro account: 3 Euros
5.    Opening an account in British pounds: 4 British pounds

- The minimum amount to open an account with Emirates National Bank of Dubai (NBD).

1.    Current account: $1,000 and its equivalent in foreign currency.
2.    Savings account: $500 and its equivalent in foreign currency.
3.    Fees for opening a foreign currency account at Emirates National Bank of Dubai (NBD).
4.    Equivalent to 5 dollars

-The minimum amount to open an account at United Mashreq Bank

1.    Current account: 2000 units of foreign currencies.
2.    Savings account: 500 units of foreign currency.
3.    Fees for opening a foreign currency account at United Mashreq Bank
4.    50 pounds and its equivalent in foreign currency.

-The minimum amount to open a foreign currency account at United Bank
1.    500 units of foreign currency.
2.    Fees for opening a foreign currency account at United Bank
3.    75 pounds and its equivalent in foreign currencies