Waffar Current Account

Commercial account with your national ID only

BdC is pleased to announce the launch of the “Central Bank of Egypt’s Financial Inclusion products” to provide segments with economic activity to access to banking products and services with affordable fees and less documentation.

Benefits

Interest rate 6% starting at 1 EGP to maximum 1,000,000 EGP and interest will be calculated on minimum balance during the month.
Free issuance with No minimum to open the account from 16 years old.
Customer from 16 years old can open account without guardian and with guardian for customer below than 16 years old.
Accessibility of withdrawal and deposit 24/7 from any ATM.
Free Meeza debit card issuance.
Possibility of cheques’ collection within daily and monthly limit.
Receive free periodic account statements.
subscription to the Interactive Voice Response (IVR).
Possibility of issuing power of attorney, loans and credit card with guardian for customer below than 21 years old.

Features

For individuals (Egyptians only).
Commercial account for economic & social media activity / freelancers.
self-employed customers who do not have an activity permit or workplace
CD’s / TD’s Available within Account limit.
Starting from 21 years old and above

Required documents

Valid national ID only.
Utility bill (only if the chosen address is not matching the national ID address)

Balance and debit limits

Account balance limits: 1,000,000 EGP (Including CD’s / TD’s)
Daily debit transaction limits: 60,000 EGP (Withdrawal, Transfer, purchasing, Instapay)
Monthly debit transaction limits: 200,000 EGP (Withdrawal, Transfer, purchasing, Instapay)

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 one 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 proof of income, proof of address if not matching the national ID then the account will be changed to normal account as per customer request.

Terms and Conditions
To know about our branches serving people with determination click here