Waffar Micro Account

BdC is excited to offer you enhanced microfinance accounts through the "Central Bank of Egypt’s Financial Inclusion products." Now, manage your finances, grow your business, and collect revenue more easily and securely.

Benefits:

No minimum account opening.
Possibility to issue a debit card according to the bank's tariff.
Possibility for Instapay subscription.
Free quarterly statement.
Possibility to pay micro-loan installments.
Possibility to pay obligations, bills and transfers within daily and monthly limits.
Possibility to withdraw and deposit money 24/7 through Cairo Bank ATMs.
Possibility of electronic collection (Cairo Cash Merchant - POS) and adding the transaction to the account.
Possibility to issue CD’s / TD’s.
Possibility to issue a checkbook according to the bank's tariff.

Features:

Current account in EGP currency.
For individuals with microloans (Egyptians only).
Account for commercial transaction.
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: 90,000 EGP (Withdrawal, Transfer, purchasing, check payment, Instapay).
Monthly debit transaction limits: 300,000 EGP (Withdrawal, Transfer, purchasing, check payment, 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 must complete all the procedures for opening a new account, while choosing another product suitable for the volume of transactions according to the customer's needs.

Terms & Conditions apply