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www.sharmwomen.com • View topic - Bank Charges
It is currently Thu Oct 21, 2021 4:29 am

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 Post subject: Bank Charges
PostPosted: Mon Feb 04, 2008 6:44 pm 
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Posts: 28
Hi,
Does anyone know what kind of bank charges there are in Egypt. We came last summer to look around and opened an account with HSBC in Sharm, in Egyptian pounds, to be ready for our move to Sharm next month. We get a monthy statement, and every month there are charges. For a simple savings account nonetheless. We get audit charges, service charges, yearly charges, stamp tax charges, etc, its a joint savings so we sometimes get charged twice. Its only Egyptian pound charges, but we don't want to send our life savings here if we are going to be constantly charged. Do they charge on percentage of your money? The interest rate may be great, but the money is not growing due to all the charges. It is declining. Are all banks here like this? The big decision to move here was the great interest rates.
Thanks anyone who can help.


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PostPosted: Wed Feb 06, 2008 12:07 am 
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Location: Sharm el Sheikh
Each bank charges differently. Some banks charge higher monthly fees in case the min. amount is not reached. I think a few thousand LE. Stamp charges and so on are really low, below 1 LE per month... At least with the bank I am with.


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PostPosted: Sat Feb 16, 2008 5:53 pm 
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Check about HSBC services on the following link

I don't think they are charging all this... :?


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 Post subject: Bank Charges
PostPosted: Sat Feb 16, 2008 7:05 pm 
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Posts: 28
Hi, thanks, yeah that was why I was concerned, as what they say they charge and what I am being charged are different! When I ring them they don't understand me, so I will have to sort it when I get there.


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PostPosted: Sun Feb 17, 2008 6:23 pm 
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