CBE to pay ATM fees for pensioners for 6 months

CAIRO - 29 March 2020: The Central Bank of Egypt (CBE) will bear ATM cash withdrawal fees for pensioners on behalf of the Social Solidarity Ministry for six months as part of efforts to contain the repercussions of coronavirus outbreak.

A reliable source told MENA that the move comes in coordination between the bank and the Social Solidarity Ministry as a precautionary measure against coronavirus outbreak.

It also aims at preserving the safety of pensioners who are holding pension cards not issued from banks, he said.

Six million pensioners will benefit from the CBE decision, the source added.

The other 2 million pensioners, who are holding banking pension cards, are already exempted from ATM fees according to an earlier decision by the central bank.