Business Account with less documentation

BDC is pleased to announce the launch of the “Central Bank of Egypt’s Financial Inclusion products” to provide Micro & Small companies and startups which do not have completed documentation to access to banking products and services with affordable fees and less documentation.

Benefits:

• Free issuance with No minimum to open the account from 21 years old.
• Interest rate 3% starting at 1 EGP to 2,000,000 EGP.
• Calculates the interest on the daily closing balance and paid monthly.
• Possibility of Cheque book issuance.
• Possibility of cheques’ collection.
• Possibility of payment of obligations, invoices and money transfers.
• Receive free periodic account statements.
• Free subscription of Corporate Internet/Mobile Banking
• Possibility of electronic collection (Merchant QR-code / POS) and adding proceeds to this account
• Possibility of internal and external transfers within daily and monthly limits (Domestic Transfer only).

Features:

• Egyptian Companies Only. (New client/existing client)
• Business account for startups and Small & micro-Companies.
• Companies who do not have full documentation.
• CD’s / TD’s Available within Account limit.

Required Documents:

• Valid NID of the person with authority to manage the company account.

• In addition to any documents available with the customer such as: commercial register or Tax card if any, or a rent contract or purchase /sale invoices. 

Balance and debit limits

• Account balance limits: 2,000,000 EGP (Including CD’s / TD’s)
• Daily debit transaction limits: 120,000 EGP 
• Monthly debit transaction limits: 600,000 EGP

Note: In case of any breach, the account will be suspended.

• • In case of exceeding the specified daily and monthly debit transaction and in case of exceeding account balance more than two million the account will be suspended and the following will be required:
  • You will have to visit the nearest branch to sign Full KYC.
  • Upon visiting the branch, you will only need to fill out a Full KYC (personal information application) and provide full company documents then the account will be changed to normal company account as per customer request.

Terms & Conditions apply

To know about our branches serving people with determination click here