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Central Bank Sets Daily Cash Limit
After the decision by the Central Bank of Egypt, maximum limits for daily cash withdrawals from banks, ATMs, and the Visa application have been set. The maximum withdrawal amount from the Visa application is 70,000 Egyptian pounds per transaction and 120,000 pounds in total per day. Meanwhile, the maximum daily withdrawal from ATMs has been set at 30,000 pounds, and from bank branches at 250,000 pounds. This adjustment was made last April to facilitate transactions. Cash withdrawals using machines not affiliated with the bank that issued the card incur withdrawal fees, but the service is considered free when withdrawing from the bank’s own ATM.
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