Integrating all members of society!

Commercial International Bank- Egypt (CIB) is pleased to announce the launch of the “Celebrating the Farmers’ Day Financial Inclusion Initiative under the auspices of the Central Bank of Egypt” from the 1^st of September to the 15^th of September 2023. The initiative aims to empower all farmers to access the bank’s products and services designed to fit their banking and financial needs.

The initiative offers the following products:

1. Bedaya Savings Account
2. Meeza Prepaid Card
3. CIB Smart Wallet
   
   

The benefits and features of each product:

1. Bedaya Savings Account
   • Only a national ID is required to open the account
   • 4% monthly interest starting EGP 1
   • Free debit card issuance
   • EGP 5 monthly subscription fees
   • Offered to new-to-bank Egyptian citizens only
   • EGP 100 per visit in-branch fees on the following transactions:
     • Cash deposit (except for account opening and closure)
     • Cash withdrawal (except for account opening and closure)
     • Internal and external transfers have additional fees (CBE instructions regarding fee exemptions to be considered)
     • Credit card settlement regardless of the amount
   • Defined limits:
     • Daily debit transaction limit: EGP 30,000
     • Monthly debit transaction limit: EGP 100,000
     • Account balance limit: EGP 250,000
   • In case of a limit breach, the account will be suspended and the customer will have to visit the branch to fill out a full KYC form and change the account type.

    

2. Meeza Prepaid Card
   • This card is the easiest and quickest card that can be issued and is available to Egyptian citizens only. Customers don’t need to have a bank account nor income proof to apply. They can apply with a valid National ID.
   • Customers can withdraw cash from ATMs and make local purchases and e-commerce transactions using the card
   • Spending limits:
     • ATM daily withdrawal limit: EGP 10,000
     • Purchase spending limit: EGP 20,000
     • Monthly spending limit: EGP 100,000

    

3. CIB Smart Wallet
   • Send and receive money from your wallet to any other wallet in Egypt
   • Pay all your bills (mobile, internet, landline, utility), top up your mobile, donate to various organizations, etc.
   • Issue online cards with your desired amount to be used for online purchases
   • Purchase and pay for goods from any merchant that has the “Meeza Digital” logo by scanning the merchant’s QR Code
   • Deposit/withdraw cash to/from any ATM in Egypt that has the “Meeza Digital” logo
   • Deposit/withdraw cash to/from any authorized banking agent outlet

Visit the nearest CIB branch now to benefit from the initiative.

*Terms & conditions apply.

Tax registration number: 204-891-949.