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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.
Waluta
EGP — Egyptian Pound
IBAN
Mandatory (EG2!n4!n4!n17!n)
Payment requirements for 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.
SWIFT/BIC code holders in Egypt (81)
Banks, EMIs, PSPs and other organizations with an assigned BIC. Click any entry for SWIFT/BIC details, correspondent banking data and supported currencies.