Send business payments to Egypt
Pay suppliers, staff and partners in Egypt in EGP, from a balance you hold, by SWIFT. The fee and the rate are shown before you confirm.
Quick facts
- Local currency
- EGP · Egyptian Pound
- Pay out in EGP?
- Yes — EGP can be held, converted and paid out
- Route
- EGP · SWIFT
- Typical timing
- SWIFT: typically 1 to 3 working days (typical, not guaranteed)
- Account details
- IBAN, 29 characters, starts EG · Format and example
- Banks closed
- Friday – Saturday · Payment calendar
- Next EGP closing days
- 6 October 2026 — Armed Forces Day · 7 January 2027 — Coptic Christmas · 25 January 2027 — Revolution Day / Police DayRTGS / ACH Egypt
- SWIFT codes
- 53 banks in our directory
Paying suppliers in Egypt
The Egyptian pound (EGP) is one of the currencies you can hold with us, so an Egyptian supplier can be paid in pounds from an EGP balance, by SWIFT, rather than receiving a dollar transfer that their own bank then converts.
Egyptian accounts are identified by a 29-character IBAN starting EG: a 4-digit bank code, a 4-digit branch code and a 17-digit account number. Ask your supplier for the full IBAN together with the bank’s SWIFT code, not a local account number on its own.
Egyptian banks close on Friday and Saturday, so a payment sent late on a Thursday is usually credited from Sunday. Holidays such as the two Eids follow the lunar calendar and can move by a day; they are marked in the payment calendar.
What you need from your supplier
The beneficiary’s full legal name
Exactly as their bank holds it: the company name for a business, not a trading name.
Their address
Street, town and country.
IBAN (29 characters, starting EG)
Check it with our IBAN checker before the first payment: the check digits catch almost every typo.
The bank’s SWIFT/BIC code
8 or 11 characters. Use the code the supplier gives you; the head-office code works if you only know the bank.
What the payment is for
An invoice number or a short description. Some payments need a supporting document such as the invoice.
How it works
- 01
Add your beneficiary in Egypt
Enter the details above once and save them. Every later payment to the same supplier, employee or partner starts from the saved record.
- 02
Pay in EGP
Pay from a balance you hold, or convert as part of the payment. The fee, the rate and the amount the beneficiary receives are shown before you confirm.
- 03
Approve and send by SWIFT
A second approver can sign off if your policy requires it. You can download a confirmation of the payment to forward to the beneficiary.
Largest banks in Egypt
Fees
- SWIFT payment out
- 0.25%, min €25.00
- Currency conversion
- 0.5%
Figures from the MENA plan. Every fee is shown before you confirm a payment, and banks in a SWIFT chain may deduct charges of their own. All plans and fees →
Sending money to Egypt: questions
- How long does a business payment to Egypt take?
- A SWIFT payment typically takes 1 to 3 working days, depending on the currency and the banks in the chain. Banks in Egypt are closed Friday – Saturday. Payments instructed after the daily cut-off, at a weekend or on a holiday start on the next working day. Timings are typical, not guaranteed; the payment calendar shows value dates.
- How much does it cost to send money to Egypt?
- On the MENA plan a SWIFT payment out costs 0.25%, min €25.00, and banks in the SWIFT chain may deduct charges of their own. Converting currency costs 0.5%. Every fee and the rate are shown before you confirm.
- Which currency should I pay a supplier in Egypt in?
- Usually EGP, the currency the supplier’s account is held in, so their bank doesn’t convert it. EGP is a currency you can hold: pay from a EGP balance, or convert into it as part of the payment.
- What details do I need from the supplier?
- The beneficiary’s name and address, their IBAN (29 characters, starting EG) and their bank’s SWIFT/BIC code.
- Will I need to send documents?
- Sometimes. Depending on the destination and the amount, we may ask for an invoice or another supporting document before a payment is released, and the recipient’s bank may ask your supplier for the same. Keeping the invoice number in the payment reference helps both.
- Can a business based in Egypt open an account?
- Yes, Egypt is not on our list of markets we can’t serve, so a business based there can apply, subject to KYC/KYB review. Onboarding hasn’t opened yet: join the waiting list and we’ll contact you when it does.
Related
Other destinations in Middle East and North Africa
Paying suppliers in Egypt?
Onboarding hasn’t opened yet. Join the waiting list and we’ll contact you when it does.