Egypt – عربي

First Step Savings Account

It’s never too early to teach your children about saving

First Step Savings Account

A First Step Savings Account allows you to achieve a secure future for your children by enabling them to start saving at a young age


  • Interest bearing account
  • Send up to 20 free SMS to relatives informing them when you open the account
  • Free standing instruction to transfer fixed amounts from your account to your child’s first step account

Flexible, easy to manage and with a range of benefits


  • Applicable for children up to the age of 21 years
  • Account will be opened and operated by guardian in minor’s name

Required documents

  • Proof of address
  • Letter of employment
  • Minors Birth Certificate
  • Valid National ID for Egyptian Guardians
  • Valid Passport for Expats guardians with a valid residency visa page

For more details contact our call centre 19977 or visit any branch

Fees and charges


Minimum Amount To open account
Minimum amount for opening current account Individuals: EGP 3,000/- or USD 1,000/- or EQV.
Minimum amount for opening saving account EGP 2,000/- or USD 1,000/- EQV.
Opening Fees (CASA) EGP 30/- for EGP & USD 5/- or EQV. For Foreign A/C
Minimum Balance Fees - Individuals
Balance Falls Below USD 1,000/- or EQV. USD 5/- Monthly
Balance Falls Below EGP 1,000/-For Current A/C EGP 20/- Monthly
Balance Falls Below EGP 2,000/- For Saving A/C EGP 20/- Monthly
Monthly Fees
Local Currency Account EGP 10.00 Monthly
Foreign Currency Account USD 3.00 or EQV. Monthly
Power of Attorney
POA EGP 25/-
Hold Mail
Charges EGP 50/- , USD 10/- , EUR 8/- or GBP



Demand Draft
Issuance (Two Per Mile)
Minimum USD 5/- Max. USD 60/-
Cancellation Free
Stop Payment USD 10 Fees + USD 20 Swift Charges
Manager Cheques
Issuance (Two Per Mile)
Minimum EGP 20/- Max. EGP 200/-
Cancellation Free
Stop Payment EGP 50/-
Certified Cheques
Local Currency (Two Per Mile)
Minimum EGP 20/- Max. EGP 200/-
Foreign Currency (Two Per Mile)
Minimum USD 5/- Max. USD 50/-
Cheque Book Issuance
Cheque Book - 50 Leaf EGP 100/-
Cheque Book - 25 Leaf EGP 50/-
Cheque Book - 10 Leaf EGP 10/-
Stop Payment of Cheques
For Local Currency EGP 50/- Per cheque or per request only
in case of serial blank cheques lost
For Foreign Currency USD 10/- Per cheque or per request only
in case of serial blank cheques lost


Collection & Clearing

Outward Collection Commission
Local Cheque/Bills within Clearing House EGP 5/- Per Cheque
Local Cheque/Bills Out of Clearing House (Three Per Mile)
Minimum EGP 20/- Max. EGP 500/-
Foreign Cheque (Three Per Mile)
Minimum USD 5/- Max. USD 100/-
Outward Returned
Other Bank Cheques/Bills Returned Uncollected Local Currency EGP 10
Other Bank Cheques Returned Uncollected Foreign Currency USD 3/-
Inward Collection Commission
Cheque/Bill in Local Currency (Out of Clearing) (Three Per Mile)
Minimum EGP 20/- Max. EGP 350/-
Cheque in Foreign Currency (Three Per Mile)
Minimum USD 5/- Max. USD 100/-
Inward Returned
Cheque/Bill in Local Currency (Our Cheques) EGP 25/- + Mailing Expenses if any
Cheque in Foreign Currency (Our Cheques) USD 10/- + Mailing Expenses if any
Postage & Swift Charges
Postage Inside Egypt EGP 30 For Local Currency & USD 5 for Foreign Currency
Postage Outside Egypt USD 30
Swift Inside Egypt EGP 20
Swift outside Egypt USD 20
Post Dated Cheques
Custody Fees EGP 2/- Per Cheque
Same value date deposit commission to honor inward clearing Cheques – Individuals Accounts ONLY*
Cheques in Local Currency within Clearing House 0.05% per transaction per
day - Minimum of EGP 100
*This commission is collected at the branch receiving the deposit to honor the clearing Cheques pertaining to our Individual Clients ONLY


Remittance & Standing Orders

Inward Transfer
Credit to our Customer A/C Free
Outward Transfer
Transfer Commission - Local Currency (Two Per Mile)
Minimum EGP 20- Max. EGP 250/-
Transfer Commission - Foreign Currency (Three Per Mile)
Minimum USD 10- Max. USD 500/-
SWIFT Charges - Local Currency Transfers EGP 20
SWIFT Charges - Foreign Currency Transfers USD 20
Standing Order
Standing Instructions to pay or to transfer EGP 10/- or USD 3/- on each payment + the applied commission & Charges

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Contact Us

Phone Us
Customer Enquiries

Egypt Helpline


International Helplines

+20 2 19977
+20 2 240 75360

Working Hours

Sunday to Thursday
8:30 am to 5:00 pm

Mall Branches
Saturday to Friday
11:00 am to 8:00 pm

Email Us

We'll answer your query as soon as possible