Regulatory Alerts2023-01-01
Instructions No. (4) of 2023 Concerning Banking Fees and Commissions
The Palestine Monetary Authority issued Instructions No. (4) of 2023 to establish maximum permissible fees and commissions for banking services, products, and transactions. The regulations define specific fee caps for account management, cash handling, cards, transfers, credit facilities, and checks while prohibiting charges on certain exempt accounts and humanitarian aid. Banks are required to publicly disclose fee schedules and comply with electronic channel withdrawal limits under penalty of law.
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