Frequently Asked Questions
These questions are below through which you can understand everything related to IBAN
What is IBAN?
IBAN stands for the “International Bank Account Number”. It's a bank account number that is recognized by banks and other financial institutions around the world. You will need to use an IBAN when you make or receive local and international transfersWhy IBAN?
IBAN is an internationally accepted, reliable and accurate account number that facilitates fund transfer with less cost and errors.Where can I find my IBAN?
You have four easy ways :
What is the IBAN Format?
When IBAN is active in Egypt?
Effective 30 June 2020, IBAN will be used with all local and international transfers from or to your accountWill my existing EGBANK account number be invalid, after 30 June 2020?
Your existing EGBANK account number remains valid without any changes. IBAN is a different electronic format of your account number that will be used only upon making or receiving any local or international transfers. Effective 30 June 2020, using both account numbers and IBAN will continue to be accepted & processed until the Central Bank of Egypt’s full launch of the IBAN across the country, after which no transfers will be accepted without using the IBAN. Further communication will be shared with your good selves.