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Frequently Asked Questions

  • Yes guests are allowed provided they are accompanying the cardholder on the same flight.
  • Each guest will be charged by $32 per visit (to be paid at the lounge)

6 free access throughout the calendar year then every extra visit will be charged by $32 (it will be debited from the registered credit card)

No minimum spend required

Mutual funds and Certificates of Deposit (CDs) are two distinct investment options that differ in several key aspects, including structure, risk, returns, diversification and liquidity. below is a comparison:
  1. Investment Type
  • Mutual Funds: Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks treasury bonds or other securities. The value of your investment fluctuates based on the performance of the underlying assets.
  • CDs: A CD is a fixed-term deposit offered by banks and credit unions. You deposit money for a set period (e.g." 1 year 3 years etc.) and the bank pays you a fixed interest rate over that term. The principal is guaranteed and the interest is usually fixed.
  1. Return and Risk
  • Mutual Funds: These carry market risk because the value of the underlying securities can rise and fall. As a result" returns are variable and depend on the performance of the assets within the fund. Equity mutual funds tend to have higher potential returns but with greater risk whereas bond funds offer more stable albeit lower returns.
  • CDs: Generally considered low risk because your principal and interest are guaranteed by the issuing bank. However CDs face interest rate risk- if interest rates rise during the CD term your fixed rate become less attractive. The return is fixed and predictable but it is typically lower than the potential mutual fund earnings especially in a low-interest-rate environment.
  1. Liquidity
  • Mutual Funds: Generally liquid allowing investors to buy or sell shares daily. Some funds may offer weekly liquidity for entry and exit.
  • CDs: Funds are locked in until the maturity date. Early withdrawals may result in penalties such as losing some of the accrued interest and withdrawals are usually not allowed within the first six months.
  1. Diversification
  • Mutual Funds: Provide built-in diversification since the fund invests in a variety of securities helping to spread risk across multiple assets.
  • CDs: offer no diversification as the investment is concentrated in a single fixed-income product.

With the same QR or Digital membership generated by the Primary OR Supplementary cardholders.

Welcome To banki Wallet

WHAT IS SPECIAL ABOUT YOUR NEW WALLET…?

  • No need to visit the branch, since it is self-registration
  • You can use phone numbers from your contact list to do transfers instead of referring to accounts

Do you have monthly payments for your gam3eya to settle?

Are you buying from Facebook groups and would like to pay without having to go in person?

Want a fast solution to send your kids money when needed?

Can’t find an ATM near you? Did you know that you can cash out from your wallet through any Fawry outlet?

This is why banki Wallet is your best solution! No more worries about giving out cash or memorizing other bank accounts to transfer money to when you can simply do it with mobile numbers. Save the hassle and use banki Wallet to instant transfer to any wallet inside Egypt!

FIND OUT MORE ABOUT banki WALLET:

  • Load your banki Wallet with money from either your Credit Card, bank account or Recharge it by making deposits through Fawry agents.
  • Transfer money from your Wallet to any other Wallet using only your mobile number (in CAE or any other bank / Mobile operators)
  • Withdraw or Deposit money from your wallet through Fawry agents.
  • Perform Fawry Bill Payments
  • Save transfers or payments for future use
  • Self-register directly from banki Wallet application
  • Application interface available in English and Arabic

 

You can download banki Wallet through:


To unregister your banki Wallet click here