ATM
The Federation also confirmed in a statement, Wednesday, that there are no withdrawal commissions when using the issuing bank’s automated teller machine network, as it is a free service for customers of each bank.
Egypt Today reviews withdrawal fees and balance inquiries from ATM machines in Egyptian banks if the customer uses a credit card belonging to another bank.
This comes within the framework of implementing the strategy to face the repercussions of the “Corona” pandemic, which aims to revitalize and protect the national economy and preserve the gains of economic reform and stability of the banking sector.
Covering 71 stations in Cairo, the move aims at easing access to banking services by all the users of the tube.
In a statement, the central bank also underlined the importance of sterilizing all cash dispensers on a periodical basis as part of precautionary measures against COVID-19.
The move comes in coordination between the bank and the Social Solidarity Ministry as a precautionary measure against coronavirus outbreak.
The Finance Ministry is considering signing an agreement with a European company to buy a number of ATMs that would enable citizens to get coins in exchange for banknotes (paper money).
Egypt Post’s Board Chairman Essam al-Saghir said that Egypt Post launched an ATM service for citizens with no minimum charges.
The deposit volume at Egypt Post stood at LE 188 billion in June.
NBE completed 3.5 million cash withdraw transactions over five days.
