16:21
Tuesday 08 November 2022
I wrote – Manal Al-Masry:
The Central Bank will deduct the fees for withdrawing from ATMs when using a bank card in a bank branch other than the card issuer by the end of the following month, reconsidering maintaining or increasing the same fees currently applied.
The Central Bank had decided at the end of last June to return the withdrawal commission from automatic teller machines (ATMs) to non-customers of the same bank, starting from July 1st, after a 27-month suspension.
The Central Bank has obliged banks not to exceed the maximum fee limit for cash withdrawals from ATMs for cards issued by other banks, from £ 5 until the end of December 2022 until a new decision by the Central Bank.
The Central Bank had suspended commissions on digital banking services for a period of 27 months from March 2020, with the start of the Corona pandemic, as that period saw the decision extended 5 times, which ended on 30 June .
Masrawy provides details of fees for cash withdrawals or ATM balance requests in 10 banks, in case a customer uses a machine not affiliated with the account’s card issuing bank:
Al-Ahly Bank: £ 5 for each withdrawal and £ 1.5 for balance inquiries.
Banque Misr: £ 5 for each withdrawal and £ 2 for balance requests.
Banque du Caire: £ 5 for each withdrawal and the same for balance requests.
Commercial International Bank: EGP 5 for every withdrawal and the balance request is free.
HSBC: Charges £ 5 for each withdrawal and the balance request is free.
Arab African International Bank: £ 5 for each withdrawal and £ 3 for balance requests.
QNB Bank: charges £ 5 for each withdrawal and £ 2 for balance requests.
Credit Agricole: 5 EGP for each withdrawal and 2 EGP for balance requests.
National Bank of Kuwait: £ 5 for each withdrawal and £ 4 for balance requests.
First Abu Dhabi Bank: £ 5 for each withdrawal and £ 2 for balance requests.
