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Benefits:
- Free account opening fees.
- Follow up on your account along with performing various banking transactions using internet banking & Mobile application.
- Access your account 24/7 using Al Baraka debit cards “World & Titanium”.
- Quarterly account statement.
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Features:
- Variable annual profit rate: 18.5% - starting from EGP 5,000
- Profit calculation & profit payment frequency: Profit is calculated daily and credited to the account at the end of the month.
- Account currency: EGP
- Eligibility: Individuals
- Account minimum balance: EGP 1,000
- Minimum balance to calculate profit: EGP 5,000
- All the available services on the bank’s digital channels will not be permitted from branches.
- Account Opening: Primary account for new customers will be open through branches, while additional suffix for existing customers will be open through the bank’s digital channels only (Internet banking & Mobile Application).
- Cash Deposits & withdrawals are not available through branches “except for the first cash deposit for new customer’s primary account”.
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Credits to the account are available through:
- Internal transfer between the customer’s own account or any other account inside the bank through the internet banking & mobile application
- Incoming transfers from other banks using various transfer systems
- Cash deposits through ATMs
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Deductions from the account are available through:
- Internal & external transfers through the internet banking & mobile application.
- ATM cash withdrawals
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Required Documents:
- Valid National ID for Egyptians – valid Passport & entry visa for Foreigners
- Recent utility bill “if the current address is different from the stated address in the ID”
- Income proof document