Monday 18/November/2024 – 09:36 PM
Many users of the InstaPay application are interested in “InstaPay“Knowing the maximum daily withdrawal limit through the service, as InstaPay is one of the modern financial solutions provided by banks in several countries, it may allow users to make instant financial transfers with ease.
The Central Bank of Egypt announced earlier the details of withdrawal limits from the “InstaPay” application, after amending the maximum daily and monthly transactions and the maximum single transaction on the digital application, according to the services of the “InstaPay” instant payments application, or the national system for instant payments.
Withdrawal limits from the InstaPay application per transaction “InstaPay”
Withdrawal limits vary between the maximum withdrawal for a single transaction, which reaches 70,000 pounds, and the maximum amount for transactions per day, which amounts to 120,000 pounds.
Throughout the month
Withdrawal must not exceed 400 thousand pounds using the digital application “InstaPay”.
Receiving external transfers via InstaPay
Ihab Nasr, Assistant Deputy Governor of the Banking Operations and Payment Systems Sector at the Central Bank, revealed that the Central Bank agreed to allow banks to receive transfers from abroad via the InstaPay application, from all countries of the world, indicating that before the end of the year, funds will be received from the Gulf and Saudi Arabia.
He added during the activities of the Electronic Payments and Financial Inclusion Conference, Pafix, that transfers via the application will be received in Egypt in Egyptian pounds only, noting that the value of InstaPay transactions amounted to 1.2 trillion pounds at the end of last June, which confirms the success of the digital transformation in Egypt, and the volume of transactions is expected to reach InstaPay will reach one and a half billion transactions worth 2.6 trillion pounds by the end of 2024.
We present a method of using InstaPay through an ATM machine. There are many customers who have the Insta application on their mobile phone, but they do not know how to withdraw through an ATM, so we will be keen in this report to provide all the information about the Insta application and how to transfer money, as well as Withdrawal from ATM.
Using InstaPay through an ATM machine
Regarding the use of InstaPay through an ATM machine, it should be noted that the Central Bank of Egypt issued a decision not to impose any fees on transactions that take place through the InstaPay application, and the maximum daily withdrawal from the ATM was increased to about 70 thousand pounds per transaction. As for the daily 120 thousand pounds, in order to facilitate financial transactions for citizens, and here are the steps for using the InstaPay application:
- The person must log in to the InstaPay application
- After that, he goes to the ATM machine of the Bank of Egypt and clicks on InstaPay
- You must enter the phone number that is linked to Instagram
- Then click on the Confirm option
- You will receive a message on your mobile phone. Place it on the ATM machine
- Specify the amount you want to withdraw from the InstaPay application
- After that, click Confirm and wait a little while and you will receive the desired amount
