Starting from Wednesday.. Banks open bank accounts for customers for free

04:48 PM

Saturday 28 August 2021

I wrote – Manal Al-Masry:

Banks are preparing to return again to open bank accounts for new customers for free without calculating any administrative expenses or a minimum for opening the account during their participation in the celebration of the Farmer’s Day next Wednesday for a period of 15 days.

In early August, the Central Bank announced an increase in the number of activities to celebrate the Day of Financial Inclusion, “which aims to promote the opening of a bank account for every citizen”, to include the Farmer’s Day in September of each year with the country’s celebrations of this holiday, and the International Day for People of Determination in December. So, the number of events will be 6 instead of 4 each year.

The banks participating in the first event of the Farmer’s Day will start from next Wednesday for a period of 15 days, with the aim of achieving financial inclusion.

Banks are intensifying their efforts in these activities by opening accounts for new customers without fees and without a minimum, and issuing prepaid cards / debit cards (credit cards) to customers and encouraging them to activate them and use them in purchase transactions.

As well as encouraging e-wallet customers to activate and use their wallets, and provide and sponsor financial education activities for all groups.

The Central Bank set the dates for banks to celebrate the activities of financial inclusion in order to reach non-dealers with the banking system as follows:

1- Women’s Celebration: From March 8 to March 31 to celebrate International Women’s Day.

2- Arab Financial Inclusion Day: from 1 to 30 April to celebrate the Arab Financial Inclusion Day.

3- Youth Celebration: from 1 to 15 August on the occasion of the International Youth Day.

4- The Farmer’s Celebration: from 1 to 15 September on the occasion of the Farmer’s Day.

5- Savings Celebration: from 15 to 31 October, on the occasion of World Financial Inclusion Week and World Savings Day.

6- Celebration of People of Determination: from December 1 to 15, on the occasion of the International Day of People of Determination.


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