Bank's Activities & Services | Retail Banking
| | |
|
Credit Cards Visa Classic: (Usable in Egypt and worldwide) v Issued for clients and non-clients and used within the credit limit v An easy and secure substitution for cash v Used 24/7 and during official holidays v Used in purchasing goods or services through P.O.S. all over the world v Used worldwide in cash withdrawals and through ATMs with a maximum of 50% of the credit limit v Allows three cash withdrawals with a daily maximum limit of EGP7,500 or its equivalent in foreign currency v Renewed biennially v Supplementary cards when issued share the same limit. v The Card grace period is extended up to 50 days provided that the minimum limit shall be repaid prior to the twentieth of the next month v Holders shall benefit from the preferential discount on purchases from and services by some stores v Offers a credit limit of 90% of the security provided (deposits – certificates etc.). The credit floor/ceiling is set at EGP2,000/25,000 respectively. The customer may elect to transfer as security the monthly salary if the same is or exceeds EGP1,000, in which case the credit limit is 300% of the total monthly salary. v Documents required: - Credit card application form - Copy of identity card - One personal photo - Deposit pledge form (in case financial security is provided) - The most recent 3 months bank statements of the account to which salary is transferred (for new customers transferring salary to other banks) or the most recent three months pay slips in case the customer receives salary in cash - Electricity bill - Salary & employment confirmation letter v Issuance fees for principal and supplementary cards are EGP100 and EGP75 respectively. v Annual interest rate is 16%. v Minimum employment period is 6 months for public servants and 12 months for employees of other sectors. Full Payment Visa (Usable in Egypt and worldwide) v Issued for clients and non-clients and used within the credit limit v Maximum credit limit is 300% of the monthly income or EGP25,000. v A pre-issuance credit scoring is conducted to assess creditworthiness. v An easy and secure substitution for cash v Used 24/7 and during official holidays v Used in purchasing goods or services through P.O.S. all over the world v Used worldwide in cash withdrawals and through ATMs with a maximum of 50% of the credit limit v Allows three cash withdrawals with a daily maximum limit of EGP7500 or its equivalent in foreign currency v Renewed biennially v The Card grace period is extended up to 50 days provided that utilizations shall be repaid in full prior to the twentieth of the next month v Holders shall benefit from the preferential discount on purchases from and services by some stores Visa Golden (Usable in Egypt and Worldwide) v Issued for clients and non-clients and used within the credit limit v An easy and secure substitution for cash v Used 24/7 and during official holidays v Used in purchasing goods or services through P.O.S. all over the world v Used worldwide in cash withdrawals and through ATMs with a maximum of 60% of the credit limit v Allows five cash withdrawals with a daily maximum limit of EGP10,000 or its equivalent in foreign currency v Renewed biennially v Supplementary cards when issued share the same limit. v The Card grace period is extended up to 50 days provided that the minimum limit shall be repaid prior to the twentieth of the next month v Holders shall benefit from the preferential discount on purchases from and services by some stores v Offers a credit limit of 90% of the security provided (deposits – certificates etc.). The credit floor/ceiling is set at EGP15,000/50,000 respectively. The customer may elect to transfer as security the monthly salary if the same is or exceeds EGP7,500, in which case the credit limit is 300% of the total monthly salary. v Documents required: - Credit card application form - Copy of identity card - One personal photo - Deposit pledge form (in case financial security is provided) - The most recent 3 months bank statements of the account to which salary is transferred (for new customers transferring salary to other banks) or the most recent three months pay slips in case the customer receives salary in cash - Electricity bill - Salary & employment confirmation letter v Issuance fees for principal and supplementary cards are EGP200 and EGP100 respectively. v Annual interest rate is 16%. v Minimum employment period is 6 months for public servants and 12 months for employees of other sectors. Visa Electron / Local: (Usable only in Egypt) v A debit card issued for Bank of Alexandria's customers holding current and savings accounts and used within account limits v An easy and secure substitution for cash v Used 24/7 and during official holidays v Used in purchasing goods or services through P.O.S. all over the world v Used in cash withdrawals and through ATMs all over Egypt v Allows three cash withdrawals with a daily maximum limit of EGP6,000 v Cardholders can obtain a printed summary account statement v Cardholders are charged zero fees for withdrawing cash or printing summary account statements at BA's ATMs v Cardholders are charged EGP4/EGP3 for withdrawing cash/printing a summary statement at other ATMs v Supplementary cards may be issued for family members at half the principal card fees v Holders benefit from the preferential discount on purchases from and services by some stores Visa Electron / International: (Usable in Egypt and Worldwide) v A debit card issued for Bank of Alexandria's customers holding current and savings accounts and used within account limits v An easy and secure substitution for cash v Used 24/7 and during official holidays v Used in purchasing goods or services through P.O.S. all over the world v Used worldwide in cash withdrawals and through ATMs v Allows three cash withdrawals with a daily maximum limit of EGP6,000 or its equivalent in foreign currency v Cardholders are charged zero fees for withdrawing cash or printing summary account statements at BA's ATMs v Cardholders are charged EGP4/EGP3 for withdrawing cash/printing a summary statement at other ATMs v Supplementary cards may be issued for family members at half the principal card fees v Holders benefit from the preferential discount on purchases from and services by some stores Visa Credit/Corporate: (Usable in Egypt and Worldwide) v Issued for employees of companies dealing with the Bank. v Offers a maximum credit limit of EGP3,000. v An easy and secure substitution for cash v Used 24/7 and during official holidays v Used in purchasing goods or services through P.O.S. all over the world v Used worldwide in cash withdrawals and through ATMs with a maximum of 50% of the credit limit v Allows five cash withdrawals with a daily maximum limit of EGP10,000 or its equivalent in foreign currency v Renewed biennially v Supplementary cards share the same limit and are issued at half the principal card fees v The Card grace period is extended up to 50 days provided that the minimum limit shall be repaid prior to the twentieth of the next month v Holders benefit from the preferential discount on purchases from and services by some stores Visa Pre-Paid: (Usable only in Egypt) v A debit card issued for customers and non-customers holding current and savings accounts and used within the salary limits v An existing account with the Bank is not required. v An easy and secure substitution for cash v Used 24/7 and during official holidays v Used in purchasing goods or services through P.O.S. all over the world v Used worldwide in cash withdrawals and through ATMs v Allows three cash withdrawals with a daily maximum limit of EGP3,000 v Cardholders can obtain a printed summary account statement v Cardholders are charged zero fees for withdrawing cash or printing summary account statements at BA's ATMs v Cardholders are charged EGP4/EGP3 for withdrawing cash/printing a summary statement at other ATMs v Supplementary cards may be issued for family members v Holders benefit from the preferential discount on purchases from and services by some stores
Revolving Overdraft/ Advance Product Definition: Revolving Overdraft/ Advance is a facility of a continuing nature and any repaid amount becomes available for future use within the set up limit. This facility differs from any other facilities in contents and objectives as it grants limit without collateral and shall not be repaid by installments, however, it shall be repaid by salary transfer. Customer Service shall communicate with customers either those who are dealing with the branch or being targeted for marketing this product. Target Segments: Current and prospective customers working in the following companies and their salary transferred to BA: v Government authorities and entities v Multinational companies v Well known and reputable companies Eligibility: v Customer salary transfer with BA prior to granting the facility v Minimum net salary limit is EGP800 v Age: Not less than 21 years up to 65 years old v Nationality: Egyptian or expatriate v Total Debit Service Ratio should not exceed 40% of the customer's salary including personal loan, car loan, credit card … etc. Parameters: Gross Salary | Maximum limit | EGP 1000 to 2999 | 1 x net salary* | EGP 3000 to 5999 | 1.5 x net salary | EGP 6000 to 9999 | 2 x net salary | EGP 10000 and above | 3 x net salary |
* Net monthly salary is the value of salary after legal deductions and installments owed by the customer. Taking the following into consideration: آ§ Minimum limit is EGP800 آ§ Branch Retail Credit Committee is the granting authority. Facility Term & Pricing: The facility is valid for one year and to be renewed automatically according to the following conditions: A- Regular salary receipt in the customer's BA account. B- No limit excess C- No delinquent in any other facilities - Interest rate is 16% on numerical basis in addition to 2% administrative fees of the limit (minimum EGP60) and to be charged annually on issuing or renewal. - Penalty fees is EGP20 will be charged in case of any excess over limit. Documentation: | 
