The Central Bank of Egypt has set a maximum daily limit for cash withdrawals or deposits through ATMs, that the customer shall not exceed it. The decision came with the aim of motivating citizens in their daily transactions to use electronic payment through merchant outlets, in addition to paying their bills through the smart wallet. CBE decided earlier that the maximum limit for a customer in depositing or withdrawing cash from ATMs does not exceed LE 20,000 per day. At the same time, the customer was granted the option for payment of purchases in the electronic payment process without a maximum daily limit, and justified this with the aim of achieving financial inclusion in the purchases. The CBE also decided to cancel all commissions and fees for transfers between mobile phone accounts and transfers between any mobile phone account as well as any bank account.
