What is the SWIFT/BIC code format used in Egypt?

Every bank, EMI and PSP in Egypt that sends international payments has an 8 or 11 character SWIFT/BIC code. Ohmyfin lists 82 institutions in Egypt with an assigned BIC. You can verify any of them on this page or through the Ohmyfin API.

Is IBAN mandatory in Egypt?

Yes. IBAN is required for bank accounts in Egypt. The local IBAN follows the format EG2!n4!n4!n17!n.

What currency is used in Egypt?

Egypt uses EGP (Egyptian Pound).

Egypt: SWIFT/BIC Codes & Payment Info

Browse banks, EMIs, PSPs and other organizations in Egypt that hold a SWIFT/BIC code. See correspondent banking data and review the country's payment requirements.

Currency

EGP (Egyptian Pound)

IBAN

Mandatory (EG2!n4!n4!n17!n)

Cross-border payments and banking in Egypt:

Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address).

Country Requirements/Restrictions

Payment Restrictions: EGP trades can’t be booked offshore.
Account Restrictions: Residents may open foreign or local currency accounts.
Additional Documents: Non-residents need a letter of introduction from their bankers indicating the purpose of the account and documentary proof showing that the account will be used for legitimate business.

Payment Formatting Rules for EGP

Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Customer (SWIFT MT103 F59): Effective 30th June 2020, 29 characters IBAN is mandatory. Include full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Egypt is mandatory in the payment instructions.
Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank.
Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.

Additional Information
The market is closed on Fridays and payments can’t be delivered with value. USD and GBP are main foreign currencies used to pay and receive funds.

Cross-border invoice requirements for Egypt E-invoicing rules, tax IDs, mandatory fields and invoice language for invoices issued in Egypt.

SWIFT/BIC code holders in Egypt (82)

Banks, EMIs, PSPs and other organizations with an assigned BIC. Click any entry for SWIFT/BIC details, correspondent banking data and supported currencies.

PSSREGC1 PRIME SECURITIES S.A.E. STOCK BROKE RS QNBAEGCX QATAR NATIONAL BANK S.A.E SECTEG21 SAMSUNG ELECTRONICS EGYPT S.A.E SHSYEGC1 SHUAA SECURITIES-EGYPT SSRBEGA1 SIGMA SECURITIES BROKERAGE AND BOOK-, KEEPING S.A.E SBNKEGCX SOCIETE ARABE INTERNATIONALE DE BANQUE SCBLEGCA STANDARD CHARTERED BANK SUCAEGCX SUEZ CANAL BANK SGFBEGC1 SWISS GROUP FOR SECURITIES BROKERAG TAEIEGC2 TARGET FOR EXCHANGING SECURITIES XCAIEGCR THE EGYPTIAN EXCHANGE UBOEEGCX THE UNITED BANK

Egypt: SWIFT/BIC Codes & Payment Info

SWIFT/BIC code holders in Egypt (82)

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