The Deputy Governor of the Central Bank of Egypt, Rami Abu al-Naja, announced Tuesday that fees and commissions on cash withdrawals from ATMs will continue to be suspended until December 31. Customers will also be exempt from any fees from bank transfer services made in Egyptian pounds. The CBE’s Board of Directors also decided to continue issuing electronic wallets for free, cancel all fees on transactions between mobile phone accounts, and continue to issue free prepaid cards to citizens until December 31. The initiative allows citizens to get free prepaid cards and mobile phone wallets for six months. It also enables new and existing bank customers to make transfers, purchases and cash withdrawals through ATMs for free.

Source: Egypt Independent September 16, 2020 09:45 UTC