Can I use ATM/Visa Card in Sharm??

ATMs, once a rarity in Egypt, are now common in large cities and tourist destinations like Sharm El Sheikh. This means accessing local currency (Egyptian Pounds – EGP) is generally straightforward for visitors.

When planning your budget, understanding the local payment infrastructure is crucial for a hassle-free trip.

You will find numerous ATMs scattered throughout Sharm El Sheikh, particularly concentrated in Naama Bay, Soho Square, and near major hotel complexes. Major banks operating in Egypt (like Banque Misr, CIB, and National Bank of Egypt) have widely deployed machines.

Tip for Travelers: It is advisable to use ATMs attached to bank branches, especially during daylight hours, for added security. Always check if the machine is operated by a recognized local bank.

Be aware that local banks impose daily withdrawal limits, which can vary. Furthermore, your home bank will likely charge their own international transaction fees on top of any fees levied by the Egyptian ATM operator.

Moreover, most tourist shops, established restaurants, supermarkets, and larger tour operators in Sharm El Sheikh readily accept major Credit cards (Visa Card and MasterCard) as well as debit cards linked to these networks.

Look for stickers indicating Visa or MasterCard acceptance near the cash register. Smaller local businesses or street vendors, however, will almost exclusively require cash.

In many places where card payments are accepted, you will be charged a percentage of the sale (anywhere between 3% and 5%) to use them. This fee covers the merchant’s transaction processing costs.

It is always best practice to ask the vendor upfront if a surcharge applies before processing the transaction. If the surcharge is significant, paying in cash (EGP or sometimes USD/EUR) might be the more economical option.

While many tourist establishments accept major foreign currencies like US Dollars (USD) or Euros (EUR), you generally receive a less favorable exchange rate than using local Egyptian Pounds (EGP) obtained from an ATM.

For the best value, use your ATM card to withdraw EGP and use that cash for smaller purchases, market haggling, and tipping (baksheesh). Use your card only for large, established purchases where the convenience outweighs the potential small fee or slightly poorer exchange rate applied by the vendor.