This article explains how to send EGP to a bank account, what fees and processing times apply, and what to do if your payout doesn't arrive as expected.
How Do I Send EGP from KAST?
With KAST, sending EGP to a bank account is quick and simple:
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| 3. Select Fast payout. | |
| 4. Choose EGP as your payout currency. | |
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5. Accept the Terms and Conditions, then tap Continue. 6. You may be asked to provide additional information or documents, such as your Tax Identification Number (TIN), Proof of Address (PoA), Source of Funds (SoF), or Social Security Number (SSN). |
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| 7. Enter the amount you want to send. | |
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8. Choose whether to transfer to your own account or to someone else, enter recipient’s details
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| 9. Review the payout details and confirm the transaction. |
Your stablecoin will be converted to EGP using the current exchange rate. You'll see the exchange rate, fees, and estimated delivery time before confirming the payout.
What Are the Fees for EGP Payouts?
KAST uses transparent pricing for EGP payouts.
| Fee Type | Amount |
|---|---|
| FX Conversion Fee | 1% |
| Transfer Fee (Fixed) | $2 |
The following benefits apply:
- Your first 3 payouts are free
- Payouts above $5,000 are free
What Are the Minimum and Maximum Limits for EGP Payouts?
| Limit Type | Amount |
|---|---|
| Minimum payout | 100 EGP |
| Maximum payout | No limit |
Which Banks Can Receive EGP Payouts?
EGP payouts are sent through the ACH banking network in Egypt. You can send EGP to bank accounts that support incoming ACH transfers, including accounts with banks such as National Bank of Egypt (NBE), Banque Misr, and Commercial International Bank (CIB).
đź’ˇ Tip: Always confirm the recipient's account details before sending to avoid delays or failed payouts.
How Long Does It Take for EGP Payouts to Arrive?
EGP payouts are typically processed by the end of the business day.
Processing times may vary depending on:
- Banking hours
- Weekends and public holidays
- The recipient bank's processing schedule
You'll receive a notification once your payout has been completed.
Can I Send EGP to Someone Else's Bank Account?
Yes. You can send EGP to your own bank account or to another person's bank account in Egypt.
Before confirming the payout, double-check:
- Recipient name
- Bank name
- Account number
- Any additional beneficiary information requested
Incorrect details may result in delays or failed payouts.
What If My EGP Payout Hasn't Arrived?
If your payout hasn't arrived after the expected processing time:
- Check your transaction history in the KAST app.
- Confirm the payout status.
- Verify the recipient's bank details.
- Contact the recipient bank to check whether the transfer is pending.
If the payout still cannot be located, contact KAST Concierge for assistance.
Frequently Asked Questions
Do I Need to Complete KYC Before Sending EGP?
Yes. You must complete KAST identity verification (KYC) before you can send EGP payouts. Depending on your country of residence or account activity, KAST may also ask you to provide additional documents, such as Proof of Address (PoA) or Source of Funds (SoF), before your payout can be processed.
What Network is Used for EGP Payouts?
EGP payouts are sent through Egypt's ACH banking network. This allows funds to be transferred directly to eligible Egyptian bank accounts.
Why is My EGP Payout Taking Longer Than Expected?
Most EGP payouts are processed by the end of the business day, but delays can occur. Processing times may be affected by banking hours, weekends, public holidays, or the recipient bank's processing schedule.
Can I Cancel or Edit an EGP Payout After Confirming it?
No. Once you confirm an EGP payout, it begins processing and cannot be canceled or edited. Always review the recipient's details carefully before submitting the transfer.
What Happens If My Payout Fails?
If your payout cannot be completed, it will be returned to your KAST account once the payment has been reversed. This commonly happens when the recipient's bank details are incorrect or incomplete.
Can I Send EGP From Anywhere?
You can send EGP payouts from supported countries where KAST services are available. You must also have completed KYC verification and not be located in a prohibited jurisdiction.