Commercial International Bank Egypt

Commercial International Bank Egypt, referred to as CIB Egypt, offers current accounts for businesses in Egyptian pounds and in foreign currencies, together with merchant acquiring.

Accounts and cards

The business current accounts support cheque books, the Visa Business Platinum card and the CIB Business Online platform. The page states that no monthly subscription fee applies to the account package. This makes the offer simple for smaller companies, although other charges for transactions, cards or foreign-currency operations may still apply.

Acquiring

Merchant acquiring and point-of-sale services are listed as part of the offer, allowing a company to take card payments at the same bank where it holds its account. Terminal models, commission rates and settlement times are not described in the profile.

Who it suits

The offer is aimed at Egyptian businesses that want both EGP and foreign-currency current accounts, a corporate Visa card and online banking in one place. Companies that import or export goods should check which foreign currencies are available and what restrictions apply. The bank is also referred to as CIB Egypt, and requirements for opening an account should be requested directly.