Celebrating the Arab Financial Inclusion Day under the auspices of the Central Bank of Egypt:

Commercial International Bank- Egypt (CIB) is pleased to announce the launch of the “Celebrating the Arab Financial Inclusion Day under the auspices of the Central Bank of Egypt” from the 1^st of April to the 30^th of April 2022. The initiative aims to empower all customers to access the bank’s products and services designed to fit their lifestyle and financial needs - edit edit

The initiative offers the following products:

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

To celebrate the initiative, CIB will offer Meeza cards exclusively to customers who open Bedaya Saving Accounts and/or a Smart Wallet account through any of our CIB branches.

The benefits and features of each product:

1. Bedaya Savings Account

• Only a national ID is required to open the account
• 3% Monthly interest starting EGP 1
• Free debit card issuance
• EGP 5 Monthly subscription fees
• Offered to new-to-bank Egyptian citizens only
• Defined limits:

• Daily debit transaction limit: EGP 30,000
• Monthly debit transaction limit: EGP 100,000
• Account balance limit: EGP 250,000

2. Bedaya Business Account:

• Offered to all companies with a commercial register and free professions with an activity permit license/workplace
• Account limits:
  • Daily debit limit: EGP 40,000
  • Monthly limit: EGP 200,000
  • Maximum account balance: EGP 500,000
• Access to the CIB Business Online platform
• Free account opening fees and no minimum balance to be maintained
• 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 closure events)
  • Internal & External Transfers as additional fees (CBE instructions regarding fees exemptions to be considered)
  • Credit Card Settlement (Regardless the amount)

In case of a limit breach, the 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. Bedaya current Accounts:

• Offered to free professions –economic activity
• Account limits:
  • Daily debit limit: EGP 30,000
  • Monthly limit: EGP 100,000
  • Maximum account balance: EGP 250,000
• Access to the CIB Business Online platform
• No account opening fees and no minimum balance to be maintained
• 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 closure events)
  • Internal & External Transfers as additional fees (CBE instructions regarding fees exemptions to be considered)
  • Credit Card Settlement (Regardless the amount)

In case of a limit breach, the 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

• This card is the easiest and quickest Meeza card that can be issued and 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
• 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

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 your desired amount to be used for online purchases

6. ATM Machines

There are almost 1,300 CIB ATMs that can serve financial inclusion customers:

• CIB Smart Wallet: Customers can withdraw cash from/to their wallets from any ATM in Egypt through the cardless services feature as well as deposit cash through ATMs that offer the deposit feature.
• Bedaya Accounts/Meeza Cards: Customers can withdraw cash from their cards via any ATM as well as deposit cash through ATMs that offer the deposit feature.

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

*Terms & conditions apply.

Tax registration number: 204-891-949.