{"id":618547,"date":"2024-04-16T00:00:00","date_gmt":"2024-04-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/cbe-raises-daily-withdrawal-limit\/"},"modified":"2024-04-16T00:00:00","modified_gmt":"2024-04-16T00:00:00","slug":"cbe-raises-daily-withdrawal-limit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/cbe-raises-daily-withdrawal-limit\/","title":{"rendered":"CBE raises daily withdrawal limit"},"content":{"rendered":"

You can now withdraw more from your bank account: <\/strong>The Central Bank of Egypt (CBE) has raised the daily limit that individuals and companies can withdraw from their bank accounts both at branches and via ATMs, it said in a circular (pdf)<\/a> released yesterday.<\/p>\n

The new limits:<\/strong> The daily limit on over-the-counter withdrawals has been set at EGP 250k for individuals and companies, up from EGP 150k<\/a>. Meanwhile, the daily limit on ATM withdrawals now stands at EGP 30k, up from 20k. The limits were last raised in August 2022.<\/p>\n

Call for action: <\/strong>The CBE urged local banks to update their internal policies in line with the new limits and to periodically update their maximum withdrawal policy for foreign currencies.<\/p>\n

More liquidity in the local banking system: <\/strong>Egyptian banks saw their liquidity rise to EGP 9.1tn in February up from EGP 8.99 tn in January, according to the latest data from the central bank. <\/p>\n","protected":false},"excerpt":{"rendered":"

The daily limit on over-the-counter withdrawals has been raised to EGP 250k<\/p>\n","protected":false},"author":1,"featured_media":618548,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7350],"tags":[204,271,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-banking","tag-central-bank-of-egypt","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"26d6eb19-cdbc-48c2-b20a-f697e3dd6f79","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/965.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s central bank raises daily withdrawal limit","related_issue":[618535],"teaser":"The daily limit on over-the-counter withdrawals has been raised to EGP 250k","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.f652eea4-d1d5-4525-aa8b-6485e81d5874.mp3"},"yoast_head":"\nCBE raises daily withdrawal limit - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/cbe-raises-daily-withdrawal-limit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE raises daily withdrawal limit\" \/>\n<meta property=\"og:description\" content=\"The daily limit on over-the-counter withdrawals has been raised to EGP 250k\" \/>\n<meta property=\"og:url\" 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August 2024","format":false,"excerpt":"No limits will be applied to FX deposits or overseas transfers","rel":"","context":"In "Banking"","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1968.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548919,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/cbe-lifts-restrictions-on-cash-deposits-raises-ceiling-on-withdrawals\/","url_meta":{"origin":618547,"position":1},"title":"CBE lifts restrictions on cash deposits + raises ceiling on withdrawals","author":"enterpriseam admin","date":"28 August 2022","format":false,"excerpt":"You can now deposit + withdraw more cash from your bank account: The Central Bank of Egypt (CBE) has raised the daily limit that individuals and businesses can withdraw in-branch from their bank accounts and scrapped limits on cash deposits at both bank branches and at ATMs, it said in\u2026","rel":"","context":"In "Banking"","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/408.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618505,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/15\/this-evening-cbe-raises-limits-on-cash-withdrawals-at-bank-branches-atms\/","url_meta":{"origin":618547,"position":2},"title":"THIS EVENING: CBE raises limits on cash withdrawals at bank branches + ATMs","author":"enterpriseam admin","date":"15 April 2024","format":false,"excerpt":"Good afternoon, wonderful people, and welcome back. We hope you all had a restful long Eid El Fitr holiday, and are easing back into the flow of things. THE BIG STORY TODAY CBE raises limits on ATM and over-the-counter withdrawals: The Central Bank of Egypt (CBE) has raised the daily\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/675.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570382,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/30\/cbe-temporarily-sets-daily-limit-on-bank-atm-cash-withdrawals-and-deposits\/","url_meta":{"origin":618547,"position":3},"title":"CBE temporarily sets daily limit on bank, ATM cash withdrawals and deposits","author":"enterpriseam admin","date":"30 March 2020","format":false,"excerpt":"CBE temporarily sets daily limit on bank, ATM cash withdrawals and deposits: The Central Bank of Egypt (CBE) decided yesterday to impose a temporary cap on daily cash withdrawals and deposits from banks and ATMs, according to an official statement (pdf). The CBE said the measure is designed to force\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561829,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/22\/cbe-raises-withdrawal-transfer-limits-from-mobile-wallets\/","url_meta":{"origin":618547,"position":4},"title":"CBE raises withdrawal + transfer limits from mobile wallets","author":"enterpriseam admin","date":"22 April 2021","format":false,"excerpt":"SMART POLICY- Mobile wallet users can now borrow, withdraw, and transfer larger sums per day under new regulations (pdf) released by the Central Bank of Egypt (CBE). Individual users can apply for one-year finance of up to EGP 5k, while informal micro enterprises and self-employed craftsmen can borrow up to\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637578,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/20\/cbe-eases-caps-on-withdrawals-deposits-via-mobile-cash-transfer-services\/","url_meta":{"origin":618547,"position":5},"title":"CBE eases caps on withdrawals, deposits via mobile cash transfer services","author":"enterpriseam admin","date":"20 November 2017","format":false,"excerpt":"The CBE has reportedly approved raising caps on cash withdrawals and deposits via mobile cash transfer services, Vodafone Egypt Sales Director Karim Shehata announced in a press conference on Sunday, according to Al Mal. 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