How to open a bank account in Banque Misr
Beginning of cooperation | Last contact | Last update |
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September, 2020 | February, 2021 | October, 2020 |
GSL reference about the bank
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Main requirements:
- Egyptian bank, which was founded in the 1920s, and has been represented in the UAE since 1974;
- the bank opens savings (deposit) and business accounts;
- the bank opens accounts NOT only for local companies: LLC, Free Zone Company, offshore companies (registered in the UAE) and personal accounts for residents and non-residents, but also for foreign ones registered NOT in the UAE;
- the minimum average monthly balance is 10,000 AED (~ 2 730USD), and for the Elite Banking program - 100,000 USD;
- the beneficial owner/manager must visit the UAE for account opening;
- the bank issues bank cards;
- pre-approval procedure: a positive answer means that the account is most likely to be opened;
- incoming payment ~ 20 dirham (~ 5.5 USD) *, outgoing ~ 150 dirham (~ 41 USD) *;
- online banking in English
* These fees are indicative and may vary depending on the banking package chosen by the client

Bank's characteristics
General information and rating
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