Regulatory Alerts2020-04-15 | 13218Exceptional measures concerning cash withdrawals from small accounts
The Central Bank of Lebanon issued Mediator Circular No. 549 to amend Decision No. 13215 regarding exceptional cash withdrawal measures from small accounts. The amendment clarifies that the withdrawal limit applies to the aggregate balance of all accounts held by a single client, including joint accounts and related accounts, after deducting any outstanding debts to the bank. Additionally, it permits clients to utilize the remaining credit balance after fully repaying their current account overdraft facility to calculate the eligible withdrawal amount.
Mediator Circular No. 549
To the Banks
We refer you to Circular No. 13218 dated 15/4/2020 concerning the amendment of Decision No. 13215 dated 3/4/2020 (Exceptional measures concerning cash withdrawals from small accounts at banks), attached to Circular No. 148.
Beirut, April 15, 2020
Governor of the Central Bank of Lebanon
Riad T. Salam