“Get your salary in advance with these 5 Egyptian banks”

Many banks operating in the Egyptian banking market provide the service of disbursing the salary in advance, or what is known as the “overdraft”, in order to meet the customers’ needs for “cash”, for short periods, in exchange for simple and easy requirements, and without administrative or subscription expenses. , and for a small interest, and some of them are free of charge without fees in the event of cancellation or early payment.

How do you get the salary in advance?

And according to what some banks announced, during the following report we present to you how to obtain the salary in advance, from 5 banks operating in the Egyptian banking market, as follows:

National Bank of Egypt

The National Bank of Egypt announced the launch of the “salary advance” service, as it provided a new credit facility for customers whose salaries are transferred regularly with the bank, by opening a credit limit on customer cards, not exceeding 20 thousand pounds, without being linked to opening a current account, in order to meet the needs of customers. For short-term periods, indicating that the service provides up to 80% of the customer’s salary in advance, without administrative or subscription expenses, and allows the use of the salary provided in cash or through “online” purchases.

Bank of Alexandria

The Bank of Alexandria also announced the facilitation of disbursing the salary paid in advance to its customers, confirming the provision of amounts up to 90% of the salary transferred per month, provided that the withdrawal limit is renewed monthly, in addition to making it possible to view the details of the facility with the internet banking service, and through the mobile banking application.

First Abu Dhabi Bank

First Abu Dhabi Bank, in turn, also provides financing for overdrafts, through its website, as announced, with amounts amounting to 90% of the transferred salary, whether in cash or online purchases.

Emirates NBD Bank

Emirates NBD provides the necessary cash for emergencies, with flexible and simple payment options for customers, with a minimum of EGP 5,000, provided that the maximum is up to 95% of deposits or certificates, and up to 80% on treasury bills and bonds, or 90%. amounts in a savings account.

HSBC Bank

HSBC Bank was the last of those banks to offer overdraft options without guarantee, with a maximum of 10,000 pounds, within a month, and a minimum of 3,000 pounds, provided that the employer is included in the list of employers approved by the bank.