Adjustment of Maximum Limits Established by Law to Facilitate Financial Inclusion for Electronic Money Records and Simplified Savings Accounts, Based on Two-Year Compliance, Minimum Wage Updates, and CPI Variation

OFFICE OF THE VICEPRESIDENT

00338

CIRCULAR

June 2, 2025

SUBJECT: Agreements reached by the Standards Committee regarding the maximum limits established by Law to Facilitate Financial Inclusion for deposits in simplified requirement savings accounts and electronic money records.

Gentlemen
Presidents and/or Legal Representatives of Members of the Financial System President of the Salvadoran Association of Insurance Companies President of the Salvadoran Association of Pension Fund Administrators President of the Salvadoran Association of Cooperative Banks and Savings and Credit Societies President of the Salvadoran Association of Stockbrokers Superintendent of the Financial System Present

Dear Sirs:

We inform you that the Standards Committee of the Central Reserve Bank of El Salvador, in Session No. CN-04/2025, held on June 2, 2025, agreed: "Authorize, in accordance with Executive Decree No. 11 published in the Official Journal No. 95 Volume No. 447 dated May 23, 2025, amended by Executive Decree No. 12 published in the Official Journal No. 96 Volume No. 447 of the 26th of the same month and year, the limits for balance and transactions of electronic money and simplified savings accounts, as follows":

Products	Maximum Amount per Transaction	Maximum Amount of Received, Made, and Accumulated Transactions in a Month	Maximum Credited Balance
Electronic Money with Limits up to five Salaries. 1/	US$408.80	US$2,044.00	US$2,044.00
Simplified Requirement Savings Accounts with Limits up to three Salaries. 1/	US$408.80	US$1,226.40	US$1,226.40
Simplified Requirement Savings Accounts with Limits greater than three up to six Salaries. 1/	US$1,226.40	US$2,452.80	US$2,452.80

1/ Monthly Minimum Wages of the Commerce and Services Sector.

Alameda Juan Pablo II and 17th Avenue North, San Salvador, El Salvador, C. A. Postal Box 106 Tel: (503) 2281- 8407 *http://www.bcr.gob.sv

Transactions involving credits for salary payments, receipt of remittances, pension payments, and disbursement of credits from the same financial institution, when they are less than five, three, and six Minimum Wages of the Commerce and Services Sector, respectively, will not be subject to transaction limits.

The recently approved limits for balance and transactions of electronic money and simplified savings accounts by the Standards Committee, in accordance with Executive Decree No. 11 mentioned above, will enter into force starting June 2, 2025.

Obligated entities will have a maximum period of five business days, counted from the business day following the present communication, to make the pertinent adjustments to allow for implementation.

The aforementioned limits are made known to you in PDF version, through their publication in the Financial Regulation section of our Internet site, under the "Financial System Rules" section, to which you can access via the following link: http://www.bcr.gob.sv/regulaciones/.

Sincerely,

Original electronically signed
GONZALEZ DE SANCHEZ HAZEL MIREYA
02/06/2025 18:12:20

Hazel González
Secretary of the Standards Committee

Alameda Juan Pablo II and 17th Avenue North, San Salvador, El Salvador, C. A. Postal Box 106 Tel: (503) 2281- 8407 *http://www.bcr.gob.sv