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Banks offer free accounts for Youth World Day
Egyptian banks are preparing to open free bank accounts with no minimum deposit requirements starting from Sunday through August 15th, coinciding with International Youth Day. This initiative is part of the Financial Inclusion activities for 2026. It comes within the framework of the Central Bank's efforts to increase financial inclusion rates, which reached 77.6% by the end of 2025. Currently, 54.7 million citizens hold active accounts out of a total of 70.5 million individuals aged 15 and above. The Central Bank's efforts also include issuing approximately 9.3 million prepaid cards and 3.1 million mobile wallets to enhance access to financial services for various segments of society. Throughout the year, banks organize diverse events, including celebrations for women, youth, farmers, and people with disabilities, aimed at raising financial awareness and expanding banking services.
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