According to the initiative of the Central Bank of Egypt on financial inclusion, Egyptian banks will start opening fee-free accounts for new clients on Sunday, March 9. This will allow even a broader segment of the population to gain access to banking services. As part of this program, fee-free services will be offered to make the banking system more accessible to all layers of society. One of the first steps in this process will be the registration of new clients and the opening of accounts for them without charging fees. The program is also aimed at increasing the financial literacy of the population and developing practical skills for managing finances. Clients will have access to various services, such as obtaining loans, issuing debit and credit cards, as well as other banking operations. According to official sources, this decision is intended to enhance financial inclusion in the country and create a beneficial environment for the development of the banking system.
