posted
hi i was wondering how easy it is to open a bank account in cairo i will be living there for 2 years and will have contract on house but i will not be working so is this possible
Posts: 70 | From: australia | Registered: Dec 2004
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posted
if you want a savings account in domestic or foreign currency, bring your passport, your house contract and if you have any bills (utility, phone, etc.) with you. you should open without any problems somewhere like EAB (Egyptian Arab Bank) which also allows electronic money transfers from your account in egypt to any overseas checking/savings accounts.
it's far, far simpler than opening an account in europe or the States.
posted
When I opened mine at the Banque de Cairo I only needed my passport. I opened it before I moved here and was just a tourist at the time.
Posts: 2791 | From: www.flatsinluxor.co.uk, Luxor, Egypt | Registered: Jan 2003
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posted
hi i know this has nothing to do with the topic, but obviously from your name youre australian and inshallah i will be moving to australia, sydney, so just out of curiosity whereabouts in australia are you from?
Posts: 4446 | From: Egyptian in Sydney | Registered: Mar 2005
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posted
Talking about using ATM cards from egypt abroad, what do u think of CIB? I have a savings account with them, and they assured me that their atm works all over the world except Canada. I've also heard from some people that after travelling, they found it not working.. If anyone has experience with CIB, please let me know!
Posts: 604 | From: Cairo,Egypt | Registered: Oct 2004
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quote:Originally posted by 7aya: hi i know this has nothing to do with the topic, but obviously from your name youre australian and inshallah i will be moving to australia, sydney, so just out of curiosity whereabouts in australia are you from?
i am from sydney
Posts: 70 | From: australia | Registered: Dec 2004
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posted
[QUOTE]Originally posted by ExptinCAI: [B]if you want a savings account in domestic or foreign currency, bring your passport, your house contract and if you have any bills (utility, phone, etc.) with you.
And if in local currency, I recommend the post office a/c. their interest is above 10%.
posted
It is actually forbidden for Muslims to either take or pay interest (riba), and alhamdu lillah, Muslims are now waking up to this and so there are many Islamic banks opening throughout the world now offering an alternative way of banking and many other banks are offering interest-free accounts.
Egypt now has a few banks and financial institutions that are based on Islamic financial rulings: Alwatany Bank of Egypt, Cairo; Egyptian Company for Business and Trade S.A.E; Egyptian Saudi Finance Bank (Dallah Al Baraka); Cairo;Gulf Company for Financial Investment; Faisal Islamic Bank of Egypt, Cairo; Islamic Bank International for Investment and Development, Cairo; Islamic Investment and Development Co., Cairo; and the National Bank for Development, Cairo. The most well-known and established bank seems to be the Faisal bank.
UBBFriend: Email this page to someone!
good idea? anyone thinking on the same wavelenths as this bright smart lad :P
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