Freelance dollars and EGP spending share one AlexBank account. Convert the PDF to Excel and the channel codes split client work from personal use in minutes.
Convert your AlexBank statementEgyptian freelancers receive USD or EUR client payments via SWIFT inbound wires, Payoneer, Wise, and increasingly Instapay. The funds land in an AlexBank EGP account at the CBE rate on the value date, alongside ATM withdrawals, POS spending, and DEEP-LINKed mobile payments. Manually separating freelance income from personal use is the time sink — Kashfbank does it in seconds while preserving the Intesa Sanpaolo channel-code structure.
Bank of Alexandria's transaction type codes (ATM, POS, BRN, ONL, INT) make AlexBank one of the easier Egyptian statements to filter by business vs personal activity. The 2022–2024 EGP devaluations mean USD-denominated invoices now produce much larger EGP credits than they did before — historical comparisons need FX context, and Kashfbank tags currency on each row.
SWIFT inbound from foreign clients shows as a credit with the sender's name, the original currency amount (USD/EUR), and the EGP-converted amount at the CBE rate on the value date. Payoneer and Wise withdrawals route through the bank as inbound SWIFT or local EGP transfers depending on the rail. Instapay credits from local clients show with the sender's Instapay alias. The channel code identifies how each transaction was processed.
The ETA wants gross freelance income for the annual personal return. Your accountant wants categorised business income for working papers.
Bilingual Arabic-English PDF with internationally influenced clean tabular layout. Columns: date, description, transaction type code, debit (EGP), credit (EGP), balance (EGP). Transaction type codes identify channel: ATM, POS, BRN (branch), ONL (online), INT (internal). IBAN displayed in account header. Intesa Sanpaolo group compliance formatting means higher consistency across statement periods than many Egyptian peers.
| Label | Meaning |
|---|---|
| ATM | ATM cash withdrawal |
| POS | Point-of-sale card payment |
| BRN | Branch counter transaction |
| ONL | Online banking transaction |
| SWIFT | International wire transfer |
Egypt's large informal freelance sector means many transactions are cash or Vodafone Cash; bank statements will show only the formal income that flows through the account, requiring supplementary records for full disclosure.
Export from AlexBank Mobile
AlexBank Mobile and Online both let you download a PDF for any custom period. For the annual ETA return, January to December. For mid-year review, the most recent quarter works.
Upload to Kashfbank
Drop the PDF into Kashfbank. The channel code column (ATM/POS/BRN/ONL/INT) is preserved as its own field, alongside Date, Description, Debit, Credit, and Balance.
Filter by channel and tag business income
Filter the Excel by inbound SWIFT and Instapay credits to isolate client payments. POS and BRN debits often map to business spending. ATM debits map to personal use most of the time. Tag rows accordingly.
Share with your accountant
Send the tagged Excel and the original PDF to your accountant for the ETA annual return. Retain both for at least five years.
Common challenges
Will the export show the CBE rate applied to my USD credits?
AlexBank prints the EGP-converted amount on most foreign currency credits. The applied rate is implicit (EGP amount divided by original amount). For tax purposes, you may need the CBE official rate for the value date — confirm with your accountant if the bank's applied rate differs.
How does the export handle Payoneer withdrawals?
Payoneer routes withdrawals as SWIFT inbound or local EGP transfers depending on the rail. Both show as credits in the AlexBank statement. The Description column captures Payoneer's reference where the bank includes it, making client matching easier.
Are Instapay inbound credits tagged differently?
Instapay credits appear with the sender's Instapay alias in the Description. Where AlexBank includes the channel code, Instapay maps to the ONL (online) category. You can filter on the alias prefix or the channel code to isolate Instapay activity.
Do I need to register as a freelance business in Egypt?
Egyptian tax law requires anyone with self-employment income to register with the ETA and file an annual return. Many freelancers also register a sole-trader business; your accountant will advise on the right structure based on your revenue level.
Tax Preparation
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Regulator: Central Bank of Egypt (CBE)
Fiscal year: Jul 1 – Jun 30 (government); Jan–Dec (private sector)
Full country guide →Statement language: Arabic / English