• About us
  • Privacy policy
  • Staff
  • Contact us
Monday, January 18, 2021
Sada El balad
Supervisor
Elham AbolFateh
Editor in Chief
Safaa Nawar
Managing Editor
Mohamed Wadie
  • Home
  • News
  • Antiques
  • Travel
  • Business
  • Youth & Education
  • Sports
  • ARTS & Entertainment
  • MORE
    • Life style
    • In-depth
    • Technology
    • Videos & Features
    • Opinion
  • صدي البلد جامعات
No Result
View All Result
  • Home
  • News
  • Antiques
  • Travel
  • Business
  • Youth & Education
  • Sports
  • ARTS & Entertainment
  • MORE
    • Life style
    • In-depth
    • Technology
    • Videos & Features
    • Opinion
  • صدي البلد جامعات
No Result
View All Result
Sada El balad
Supervisor
Elham AbolFateh
Editor in Chief
Safaa Nawar
ADVERTISEMENT

CBE Increases Daily ATM Withdrawal Limit, Cancels Fees

Taarek Refaat by Taarek Refaat
1:10 AM March 16, 2020
ATM Withdrawal Limit, Cancels Fees
Share on FacebookShare on Twitter

The Central Bank of Egypt (CBE) issued instructions to operating banks regarding the implementation of proactive measures to limit the spread of the novel coronavirus, including the cancelling of fees and commissions on banking activities and withdrawals from ATMs for a period of 6 months, as well as increasing the daily limits for dealing with debit and credit cards.

These instructions come in conjunction with the direction of the state and in the interest of safety, security and stability of the banking sector and customers, and to ensure that banks carry out their various banking activities efficiently.

The CBE’s instructions include delaying the credit entitlements of small and medium sized enterprises (SME’s) for a period of 6 months, in addition to removing additional interest and fines to late payments.

The Central Bank stressed that it monitors the developments at the local and international levels to intervene immediately by taking any measures necessary to maintain banking and monetary stability, stressing to the bank’s need to fully comply with these procedures in an quick manner.

ATM Withdrawal Limit, Cancels Fees

The instructions indicated that the banks should immediately provide the necessary credit limits to meet the importing operations of basic and strategic commodities to cover the needs of the markets, and provide the credit limits necessary to finance the payment of employees’ salaries.

It also urged employees to implement banking transactions through electronic payments and cards instead of cash transactions. The CBE also stressed on the instant feeding of ATM machines, through periodic maintenance, and the continuity of money transfer companies operation.

The instructions also included laying out urgent plans to increase the credit limits with external banks in order to ensure the continued provision of funding for foreign trade operations, and to maintain customer deposits to form large bank reserves at each bank, as well as replacing large amounts of cash withdrawals with transfers or bank checks.

Tags: ATMATM Withdrawal Limitbanks in EgyptCBEالصراف الآلي

Related Posts

Egypt, New Zealand Discuss Ways of Enhancing Cultural Co-op Ties
LATEST STORIES

Egypt, New Zealand Discuss Ways of Enhancing Cultural Co-op Ties

January 18, 2021
Egypt's El Nasr to Produce 50% of Nasr E70 in Coop
Business

Egypt’s El Nasr to Produce 50% of Nasr E70 in Coop. with China’s Dongfeng

January 18, 2021
Cape Verde Withdraw from Handball Championship Due to COVID-19
TOP

Cape Verde Withdraw from Handball Championship Due to COVID-19

January 18, 2021
Rayan's Stunner Leads Ceramica Cleopatra to 2-1 Win over El Gaish
Sports

Rayan’s Stunner Leads Ceramica Cleopatra to 2-1 Win over El Gaish

January 18, 2021
UK Seriously Concerned over Israeli Approval for New Settlements in West Bank
LATEST STORIES

UK Seriously Concerned over Israeli Approval for New Settlements in West Bank

January 18, 2021
Libya's LNA Forces Seize Turkish Ship under Jamaican Flag
LATEST STORIES

Spox: Libya’s LNA Welcomes Crisis Solutions, Fears Manipulation

January 18, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Stories

Norway: 23 Dead after Receiving Pfizer, BioNTech Vaccine
LATEST STORIES

Norway: 23 Dead after Receiving Pfizer, BioNTech Vaccine

by Ahmed Moamar
January 14, 2021
0

The Norwegian Medicines Agency announced today, Thursday,  that 23 people died after receiving the "Pfizer" and "BioNTech" vaccine against "COVID-19",...

Hawass Announces New Archaeological Discovery in Saqarra

Hawass Announces New Archaeological Discovery in Saqarra

January 16, 2021
Germany

10 Dead in Germany after Receiving Pfizer COVID-19 Vaccine

January 14, 2021
Om Sayf

Trending Syrian Youtuber “Om Sayf” Full Story

January 14, 2021
ATM Withdrawal Limit, Cancels Fees

CBE Increases Daily ATM Withdrawal Limit, Cancels Fees

March 16, 2020

We Chose for You

US Lawmakers Debate Trump’s Impeachment for 2nd Time 
News

US Lawmakers Debate Trump’s Impeachment for 2nd Time 

by Ahmed Moamar
January 13, 2021
0

Democrats in the US House of Representatives said they were standing in a 'crime scene' and that Trump had to...

The 27th Annual Screen Actors Guild Awards (SAG) Move to April after Grammys Conflict

2021 SAG Awards Move to April after Grammys Conflict

January 14, 2021
Qatar Releases Bahraini Bodybuilder Sami Al Haddad, 2 Others

Qatar Releases Bahraini Bodybuilder Sami Al Haddad, 2 Others

January 14, 2021
WhatsApp Bans Former Lebanese Ministers Accounts

WhatsApp Bans Former Lebanese Ministers Accounts

January 14, 2021
Old Photo of Sudanese Forces

Sudan Denies Crossing Ethiopian Boarders

January 12, 2021
  • News
  • Antiques
  • Travel
  • Business
  • Youth & Education
  • Sports
  • ARTS & Entertainment
  • Life style
  • Technology
  • Entertainment
  • Videos & Features
  • Opinion

© 2019 see news -powered by 3a digital.

No Result
View All Result
  • Home
  • News
  • Antiques
  • Travel
  • Business
  • Youth & Education
  • Sports
  • ARTS & Entertainment
  • MORE
    • Life style
    • In-depth
    • Technology
    • Videos & Features
    • Opinion
  • صدي البلد جامعات

© 2019 see news -powered by 3a digital.