Egyptian banks offer fee-waived, no-minimum accounts through April for financial inclusion drive

In celebration of Arab Financial Inclusion Day, the Central Bank of Egypt (CBE) has announced a nationwide initiative enabling citizens to open bank accounts free of charge and with no minimum balance requirement through the end of April. The campaign is being implemented under the direct sponsorship and supervision of the CBE.

In an official statement, the CBE outlined the full scope of services being made available during this period. These include opening bank accounts with no fees or minimum deposits, issuing prepaid and debit cards, launching e-wallets, activating mobile and internet banking services, and offering educational and financial awareness programs to the public.

To maximize outreach, bank representatives will be stationed outside branches and in high-traffic locations such as universities, sports clubs, and youth centers. The initiative is being supported by strategic partnerships with key institutions, including the Ministry of Youth and Sports and the National Council for Women, which share the goal of advancing financial inclusion across Egypt.