Regulatory Alerts2025-01-01
Palestine Monetary Authority Instructions No. 6 of 2025 Regarding Bounced Check Fees for Insufficient Funds
The Palestine Monetary Authority issued Instructions No. 6 of 2025 to regulate bounced check fees for insufficient funds in the West Bank governorates of Tulkarm, Jenin, and Tubas. The directive mandates a fixed fee of three US dollars per bounced check and extends the reversal period for such charges until April 30, 2025. These regulations apply to all banks licensed by the Authority and became effective upon their issuance on May 18, 2025.
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