Opening a bank account

Member since 30 June 2018

Andreanewson061Member30 June 2018 17:44:56

Hi I鈥檓 Andrea currently living in England, I鈥檓 moving to Hurghada next month and just wanting to know how easy it is to open a bank account there

alqazaha New member

Member since 10 October 2017

alqazahaNew member06 July 2018 22:54:30

I heard that they want a resident visa. Let me know if you find a better answer because I am also going there and would like to have a bank account locally.

BlueLight80 New member

Member since 10 February 2016

BlueLight80New member21 July 2018 13:15:51

Hello Andrea,

In order to open a bank account in Egypt you require:

1. At least a 6 months visa in your passport.
2. A reason for opening the account. e.g. purchasing a property; you are employed in Egypt.

Opening an account in local currency (EGP) is easier than an account in foreign currency (currently, 3 months opening time + minimum balance).

I hope this helps.