Egypt IBAN
A Egypt IBAN is 29 characters long.
EG and two check digits open every Egypt IBAN; its remaining 25 form the BBAN (Basic Bank Account Number). Transfers into Egypt arrive in EGP over SWIFT.
Example Egypt IBAN
Electronic format
EG380019000500000000263180002
Print format
EG38 0019 0005 0000 0000 2631 8000 2
IBAN structure for Egypt
Major banks in Egypt
8 banks in Egypt that support IBAN-based international transfers:
Format reference: SWIFT IBAN Registry.
Egypt IBAN questions
When did Egypt switch to IBAN?
In mid-2020. The Central Bank of Egypt registered with SWIFT to implement the IBAN standard in May 2020, and banks began requiring the 29-character EG IBAN for incoming and outgoing transfers from 30 June 2020, accepting short account numbers for a transition period.
Is Egypt part of SEPA?
No. International transfers to Egypt travel over SWIFT, so a payer abroad needs the EG IBAN and the receiving bank's BIC. Domestic instant payments run on the CBE's Instant Payment Network, which the InstaPay app uses.
What are the bank codes for National Bank of Egypt, CIB, and Banque Misr?
Egyptian bank codes are the four digits in positions 5–8 of the IBAN: National Bank of Egypt uses 0019, Banque Misr 0002, Commercial International Bank (CIB) 0010 and Banque du Caire 0027.
How do I find my IBAN at an Egyptian bank?
Your EG IBAN is available in your bank's online banking or mobile app. CIB's mobile banking app, NBE's online banking portal, and Banque Misr's mobile app all display the 29-character IBAN. It is also printed on bank statements. You can request it at any branch or through your bank's customer service line.
Can I receive money from abroad through InstaPay?
Not directly. InstaPay moves Egyptian pounds between Egyptian bank accounts and wallets. Money from abroad reaches your EG IBAN as an international transfer, after which you can move it on with InstaPay.
Will my incoming foreign currency be converted to EGP automatically?
Into a standard pound account, yes, at the receiving bank's rate on the day of settlement. A foreign-currency account in dollars, euros or pounds sterling keeps the original currency; ask your bank for that account's own IBAN.
Egypt: the 2020 IBAN switch and InstaPay at home
Egyptian accounts carry a 29-character EG IBAN because of a 2020 change: the Central Bank of Egypt registered with SWIFT to implement the standard in May 2020, and banks began asking for the IBAN on incoming and outgoing transfers from 30 June 2020. Short domestic account numbers were accepted for a transition period set by the CBE.
- Inside Egypt, instant payments run on the CBE's Instant Payment Network; the InstaPay app on top of it was activated on 23 March 2022, built by Egyptian Banks Company, the CBE's technology arm. InstaPay moves Egyptian pounds between Egyptian accounts; money from abroad still arrives as an international transfer to the EG IBAN.
- Egypt is not in SEPA, so a payment from Europe, the Gulf or the US travels over SWIFT and the sender needs the EG IBAN and the receiving bank's BIC. The four digits after the check digits identify the bank and the next four the branch, which lets a sender confirm the bank before paying.
- A standard Egyptian account is held in pounds, so an inbound dollar, euro or riyal payment is converted at the receiving bank's rate on the day it is credited. A recipient who wants to keep foreign currency needs a foreign-currency account, which has its own IBAN.
Sources: Daily News Egypt: banks switch to IBAN (July 2020); Egyptian Streets: CBE activates InstaPay (March 2022).
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