Cairo – January 31, 2024: Banque Misr has revealed a new five-year Visa Platinum Debit Card, exclusively for USD accounts, that will enable customers to purchase up to $20,000 worth goods while traveling outside of the country.
The new debit card’s arrival is expected to relieve pressure on Egyptian travelers, providing access to a larger amount of foreign currency while abroad compared to other available cards.
BM’s new debit card will have a daily limit of $5,000 for purchasing outside Egypt, with a monthly cutoff of $20,000.
Limits on ecommerce shopping from international sites were set at a monthly limit equivalent to LE 400,000 with a maximum use of 5 times a day.
The bank has set cash withdrawal limits for ATM and point-of-sale (POS) transactions while abroad at $1,000 per day, with a monthly limit of $2,000.
To obtain the card, customers are required to pay an issuance fee of $20, along with an annual fee of $10.
BM’s requirements to open a USD account is a minimum deposit of $100 and an account issuance fee of LE 50, along with a 10 percent commission for currency management if the card is used in a currency other than the US dollar.
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