InstaPay has launched a new service for millions of customers in Egypt, allowing instant transfers between different bank accounts registered under the same app account. The service aims to save time, simplify transactions, and speed up financial operations at the start of 2026.
The official InstaPay social media pages confirmed that the service allows transfers without manually entering account details or waiting for long processing times, enhancing user experience and speed.
How to Make a Transfer
Customers can complete transfers in seconds using the following steps:
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Open the app and select “Send” from the main menu.
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Swipe to view available accounts.
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Select the source account and choose the recipient account.
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Enter the transfer amount and press “Next” to confirm the transaction.
Transfer Fees and Withdrawal Limits
The Instant Payments Network set the fees for InstaPay transfers at 0.1% per transaction, with a minimum of EGP 0.50 and a maximum of EGP 20 per transaction.
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Transfer EGP 500 → Fee: EGP 0.50
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Transfer EGP 1,000 → Fee: EGP 1
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Transfer EGP 5,000 → Fee: EGP 5
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Transfer from EGP 20,000 to 70,000 → Fee: EGP 20 (maximum)
Withdrawal and transfer limits:
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Maximum per transaction: EGP 70,000
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Daily maximum: EGP 120,000
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Monthly maximum: EGP 400,000
Recovering Funds Sent by Mistake
If money is sent by mistake, customers can recover it through:
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Contacting the recipient directly.
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Contacting the sending bank with transaction details.
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Reaching out to InstaPay support via the app or email.
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Filing a complaint with the Central Bank of Egypt if unresolved.
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Legal action as a last resort, keeping all receipts and evidence.
Additional Services and Features
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Link all bank accounts in a single app.
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Check balances and generate mini bank statements.
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Transfer funds within Egyptian banks, digital wallets, and Meeza cards.
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Track remaining daily and monthly usage limits for transparency.
Users and App Expansion
According to the Central Bank of Egypt, InstaPay had over 12 million users by the end of 2024. The app aims to enhance digital infrastructure and launch new services to meet customer needs across Egypt.
This new feature reflects Egypt’s shift toward digital financial services, allowing efficient and fast management of funds across multiple accounts while reducing the need to visit traditional bank branches.
