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Banking

Cairo - Banking

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As an expatriate living in Cairo, you discover that there are many choices for establishing a banking account. Many of the banks in Cairo are based in Egypt, and few of the local banks outside the tourist areas cater to English speaking clients. However, English speakers will recognize several international banks that are located throughout the city.

Expatriates typically select international banks with branches in Cairo. If possible, it is a good idea to establish an account before moving to Egypt's capital city, although there is no guarantee that doing so will help you avoid all of the difficulties involved with obtaining a checking or savings account in Cairo.

Expatriates have been known to keep substantial sums of money in their home banks, and have the money wired to them through jewelry shops, to avoid the high fees and surcharges involved with maintaining a bank account and performing transactions through banks in Cairo. However, if you plan to make Cairo your permanent residence, establishing an account through an international bank that provides English speaking services is a more workable option.

Here are a few of the English speaking and international banks that are popular with expatriates:

Citibank

Telephone: +20 2 7913522
Address: 2 Abdel Hakim El Refaie Abbass El Akkad Street, Nasr City, Cairo
Website: www.citibankegypt.com

HBSC

Telephone: +20 2 7359186
Address: Cairo Abou El Feda Building, 3 Abou El Feda Street, Zamalek, Cairo
Website: www.egypt.hsbc.com


Commercial International Bank (CIB)

Telephone: +20 2 5703043
Address: 21/23 Nile Tower, Charles De Gaulle Street (El Giza Street), Giza, Cairo
Website: www.cibeg.com



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