Bank Transfers in Egypt

Once your account is open, how do everyday transfers work, and who do you turn to if something goes wrong? Here is a summary based on the Central Bank of Egypt (CBE) and the InstaPay website.

Instant Payment Network (IPN)

The CBE says the IPN launched on 22 March 2022 and links all banks operating in Egypt so that interbank transfers complete instantly.

What is InstaPay?

According to its website:
A payment app licensed by the CBE that runs on the IPN, allowing instant interbank transfers 24/7;
To use it you need an account at a participating bank, a mobile number registered with that bank, and a debit card or Meeza prepaid card from the same bank;
Sensitive data is encrypted end-to-end, and the app does not store your balance.

Tips

Double-check the beneficiary's name and account before sending;
Never share your PIN or one-time codes — not even with someone claiming to be the bank, police or customs;
Keep transfer confirmations and statements;
Ask your bank directly about international transfers, limits and paperwork.

If something goes wrong

The CBE runs a Consumer Protection Sector, based on its February 2019 Consumer Protection Instructions and Banking Law No. 194 of 2020, which handles complaints between customers and licensed entities.
**Start with your bank**: complain via customer service or a branch and note the reference number;
**Then the CBE**: if unresolved, use "Submit a complaint" on the CBE website.

Scam warning

The Chinese Embassy stresses that law-enforcement bodies do not notify people of cases by phone and never ask you to move money to a "safe account". Hang up and don't transfer.

Reminder

Services and rules change; check with your bank and the CBE.
Compiled by Wang Fu Egypt for general guidance. For binding rules, please refer to the Central Bank of Egypt and your bank.

Sources

CBE – Instant Payment Network: www.cbe.org.eg
InstaPay – Q&A: www.instapay.eg
CBE – Consumer Protection (complaints): www.cbe.org.eg
中国驻埃及使馆 1 Oct 2025 电信网络诈骗提醒: eg.china-embassy.gov.cn

Your first week in Egypt

Get a local SIM card and save key addresses in Arabic.
Keep some Egyptian pounds in cash and use official exchange channels.
Check your health insurance and the nearest hospital.
Save emergency numbers and your embassy contact from its official website.
Install a ride-hailing app and find the supermarket and pharmacy near your home.

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