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Payroll products

Banque Misr’s latest service comes in light of its constant mission to provide the highest level of services and to surpass customers’ expectations, and in continuation of its pioneering role in providing distinguished services for individuals and institutions. Furthermore, the service seeks to overcome the issues of dispensing salaries and incomes in cash, which causes a number of administrative problems, whereby institutions may be subject to:

  • The risks of transporting cash from banks to the workplace.
  • The risks of keeping the cash until all salaries are dispensed.
  • Difficulties in salary disbursement procedures.
  • Lack of efficiency and time wasted during those procedures.

As such, Banque Misr has introduced a system to meet all customer’s payroll needs, as well as incentives to switch to an electronic payroll system through a number of products that suit all payroll processes and customer needs, whether via payroll cards or accounts.



First: Payroll Cards





Card Benefits:


  • Exemption from card issuance fees.
  • Exemption from card renewal fees.
  • Five year validity.
  • Withdrawal from the largest ATM network nationwide, at over 2,050 machines.
  • Free bank statement summary through Banque Misr ATMs.
  • Shopping via any POS operating with Visa and MasterCard.
  • Withdrawal services from within bank branches for lost or damaged cards.
  • The maximum withdrawal rate is EGP 8,000 daily.
  • The card can be fed more than once a month (salary, incentives, bonuses) without any commissions.
  • Access to Fawry services to pay off purchases, bills and donations at ATMs.
  • Salaries are disbursed on the same working day.



Second: Payroll Accounts


Account Benefits:

  • Current account without launch fees.
  • EGP 5 bank statement fees every three months.
  • Cash deposits and withdrawals accepted.
  • The account can be fed more than once a month (salaries, incentives, bonuses).
  • The largest banking network in Egypt, at over 500 branches and over 2,050 ATMs.
  • Free balance inquiries and bank statements via any Banque Misr ATM.
  • Card issued powered either by Visa Electron or MasterCard (with withdrawal and purchase benefits).
  • Option of issuing a check book for the account.
  • Option of issuing additional cards for the account.
  • Easy access to online banking and voice services (via 19888 hotline), which allow customers to electronically:
    • Inquire about balance
    • Inquire about all account transactions
  • Option to launch subsidiary accounts in any currency and to transfer money between accounts.
  • Access to Fawry services to pay off purchases, bills and donations at ATMs and money transfer services between the different accounts within the bank.
  • Salaries are disbursed on the same day when the financial file and transfer are sent before 12:00 pm.

Procedures required to obtain the products:

  • Signing an agreement contract to provide the service and launch a current account for payrolls at any Banque Misr branch. The account is fed on a monthly basis.
  • The company is provided with an electronic program that works on any computer to operate the employees’ salaries, and an official is trained on how to use the program for free.