Regulatory Alerts2025-03-11
Regulation (NAP) – Financial Inclusion Account
The Central Bank of São Tomé and Príncipe (BCSTP) establishes the Financial Inclusion Account (FIA), a special national-currency current account designed to ensure affordable access for financially disadvantaged individuals. The regulation mandates all authorized domestic banks to offer the FIA, which is restricted to natural persons aged 18 or older with declared monthly incomes not exceeding Db. 2,000 and daily balances capped at the same threshold. Eligible accounts receive comprehensive fee waivers—including free card issuance, partial annual fees, and internet banking—and are subject to suspension or conversion to standard accounts if income or balance limits are breached.
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