Commercial International Bank- Egypt (CIB) is pleased to announce the launch of the “Celebrating the Arab Day Financial Inclusion Initiative under the auspices of the Central Bank of Egypt” from the 1^st of April to the 30^th of April 2024. The initiative aims to empower everyone to access the bank’s products and services designed to fit their lifestyle and secure their financial future.

The initiative offers the following products:

1. The Bedaya Savings Account
2. The Bedaya Business Account
3. The Bedaya Current Account
4. The Meeza Prepaid Card
5. The CIB Smart Wallet
   
   
   

The benefits and features of each product:

1. The Bedaya Savings Account

• Only a National ID is required to open the account
• Annual interest rate at 6.00%, with monthly interest payment frequency starting from EGP 1
• Free debit card issuance
• Low monthly subscription fees of EGP 5
• Available to new-to-bank Egyptian citizens only
• EGP 100 in-branch fees on the following transactions:
  • Cash deposit
  • Cash withdrawal (except for account opening and closure events)
  • Internal and external transfers require additional fees (CBE instructions regarding fee exemptions will be considered)
  • Credit card settlement (regardless of amount)

• Account limits:
  • Daily debit transaction limit: EGP 60,000
  • Monthly debit transaction limit: EGP 200,000
  • Total customer position: EGP 500,000

• In case of limit breach, account will be suspended, and the customer will have to visit the branch to fill out the full KYC and change the account type.
  
  

2. The Bedaya Business Account

• Offered to all companies with a commercial register and independent professions with an activity permit license/workplace
• Account limits:
  • Daily debit limit: EGP 80,000
  • Monthly debit limit: EGP 400,000
  • Total customer position: EGP 1,000,000
• Access to the CIB Business Online platform
• Free account opening fees and no minimum balance required
• EGP 20 monthly subscription
• Free debit card issuance and deposit card
• Checkbook issuance
•  EGP 100 in-branch fees on the following transactions: 
  • Cash deposit
  • Cash withdrawal (except for account opening and closing)
  • Internal and external transfers require additional fees (CBE instructions regarding fee exemptions will be considered)
  • Credit card settlement (regardless of amount)
• In case of limit breach, account will be suspended and the customer will have to visit the branch to fill out the full KYC and change the account type.
  
  

3. The Bedaya Current Account

• Offered to freelance professions – Economic activity
• Account limits:
  • Daily debit limit: EGP 60,000
  • Monthly debit limit: EGP 200,000
  • Total customer position: EGP 500,000

• Access to the CIB Business Online platform
• No account opening fees and no minimum balance required
• EGP 5 monthly subscription
• Free debit card issuance and deposit card
• EGP 100 in-branch fees on the following transactions:

• Cash deposit
• Cash withdrawal (except for account opening and closing)
• Internal and external transfers require additional fees (CBE instructions regarding fees exemptions will be considered)
• Credit card settlement (Regardless of amount)

• In case of limit breach, account will be suspended and the customer will have to visit the branch to fill out the full KYC and change the account type.

4. Meeza Prepaid Card “Karty”

• This card is the easiest and quickest Meeza card that can be issued, and it is available to Egyptian citizens only. Customers don’t need to have a bank account to apply. They can apply with a valid National ID.
• The card is an easy solution for transferring salaries and pensions with no minimum salary amount required.
• Flexible and easy-to-use: withdraw cash from ATMs, deposit/withdraw from any POS that enables cash deposit/withdrawal and make local purchases and e-commerce transactions.
• Secure spending: The Meeza Card has an EGP 20,000 daily spending limit and EGP 100,000 monthly spending limit.
  
  

5. CIB Smart Wallet

• Purchase and pay for goods from any merchant that has the “Meeza Digital” logo by scanning the merchant’s QR code.
• 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 any desired amount that you can use for online purchases inside Egypt in local currency only.

Get to visit the nearest CIB branch now to benefit from the initiative.

*Terms & conditions apply.

Tax registration number: 204-891-949.