Every step in Egypt feels like a walk through history. The country’s ancient charm does a great job of attracting tourists from all over the world.

For these visitors, having a local bank account can make their stay smoother and far more convenient.

Here, I’ll walk you through how to open a bank account in Egypt as a visitor, the types of accounts available, what documents you’ll need, and why digital banking platforms are ideal for managing your finances as a visitor in Egypt

Also read: Egypt visa requirements for EU citizens

Can foreigners open a bank account in Egypt?

Yes, it’s possible, even as a visitor. While the process may differ slightly between banks, most major Egyptian banks allow non-residents to open accounts under certain conditions. That said, expect a bit of paperwork and in-person visits, especially if you're applying from within Egypt.

The most common options include:

• Foreign currency accounts (in USD, EUR, or GBP)
• Non-resident Egyptian pound accounts (for general expenses while in Egypt)

The key is having the right documents and choosing a bank that’s familiar with handling foreign account applications.

Also read: Egypt visa requirements for US citizens

Types of bank accounts available for visitors in Egypt

Here’s a breakdown of the typical account types offered to foreigners:

1. Foreign currency savings accounts

These accounts work well if you plan to receive money in USD, GBP, or EUR and convert it into Egyptian pounds (EGP) as needed.

• Usually come with an ATM card.
• Some accounts offer limited online banking.

2. Non-resident EGP accounts

If your main need is to withdraw cash locally, pay for services, or transfer funds while in Egypt, this account fits the bill.

• You can deposit foreign currency and withdraw it in EGP.
• Interest-bearing options may be available depending on your bank.

Also read: How freelancers in Egypt can invoice clients from overseas countries

Documents needed to open a bank account as a visitor

While requirements can vary slightly by institution, most Egyptian banks will ask for the following:

• Valid passport (with at least six months' validity)
• Visa or entry stamp (showing your legal stay in Egypt)
• Proof of address (this could be a hotel reservation, a lease agreement, or a letter from your host)
• A local Egyptian phone number (some banks may require it for online banking access)
• Initial deposit (amount varies depending on the bank and account type)

It’s always best to call ahead or visit a main branch in Cairo or Alexandria, where staff are more accustomed to handling foreign customer accounts.

Why you should consider opening a digital multi-currency account instead

While opening a bank account in Egypt is doable, it can come with delays, especially if you’re only in the country for a short time. That’s why many travellers, remote workers, and digital nomads prefer to use borderless digital platforms like Grey.

With Grey, you can open virtual USD, GBP, or EUR accounts before you even step into Egypt. This allows you to:

• Receive payments from clients or employers abroad
• Convert currencies at competitive exchange rates
• Withdraw your money to an Egyptian bank account when needed
• Pay for goods and services in Egypt without navigating traditional banking hurdles

Why Grey is ideal for short-term visitors in Egypt

Grey is designed with global citizens in mind. Whether you're working remotely, travelling, or simply visiting Egypt, it makes international financial management seamless and secure.

Here’s why it works perfectly for visitors:

• Open an account online in minutes — no paperwork, no in-person visits.
• Receive international payments in USD, GBP, and EUR.
• Convert to EGP at some of the best rates available.
• Withdraw directly to your local bank account or mobile wallet in Egypt.
• Track your transactions easily through the Grey app or website.

Instead of queuing at a branch, juggling paperwork, or facing delays, Grey gives you instant access to the tools you need to manage your money across borders.

How to open a Grey account in Egypt

Setting up a Grey account is easy, and you can do it from your phone or laptop in just a few steps:

1. Sign up on Grey: Visit grey.co or download the app.
2. Verify your identity: Upload a valid government-issued ID, selfie, and proof of address.
3. Access your international accounts: Once verified, you’ll get access to virtual bank accounts in multiple currencies.
4. Receive and convert money: Share your account details with employers or clients and convert your balance to EGP anytime.
5. Withdraw or spend locally: Move funds to your Egyptian account, or use your Grey card (where supported) to make local payments.

Also read: Best places to visit in Egypt for summer holidays

Opening a local bank account in Egypt as a visitor is possible, but the limitations and administrative steps often make the process tiring. If you’re only in the country for a short while or need a simpler way to manage your money, Grey offers a modern, hassle-free solution.

Create your Grey account today or download the app to enjoy inclusive global banking, designed to carry your dreams across borders.

‍