Allowing cash withdrawals and ATM card issuance for customers with seizure and ban decisions — SAMA — SA

In the name of Allah, the Most Gracious, the Most Merciful

Saudi Central Bank
Headquarters

Banking Policy Department
Ref. No.: 52985/67
Date: 24/08/1440 AH
Enclosures: None

Circular

To the Esteemed,
Peace, mercy, and blessings of Allah be upon you,

Subject: Allowing cash withdrawals for amounts exempt from seizure via ATM cards for customers subject to seizure and ban decisions, and permitting them to issue and renew ATM cards.

Please be informed that the following has been decided:

First: Allowing cash withdrawals for amounts exempt from seizure in bank accounts under court orders, including the statutory salary portion, via ATM cards.

Second: Exempting the issuance or renewal of ATM cards from services prohibited for customers subject to a ban order.

Third: Establishing procedures and controls ensuring that the provisions in (First) and (Second) do not interfere with the application of seizure and ban rules.

For information and implementation within a maximum period ending by the end of Q2 2019.

Yours sincerely,

Fahd bin Ibrahim Al-Shathri
Deputy Governor for Supervision

Distribution Scope:

Banks and financial institutions operating in the Kingdom.

P.O. Box 2992, Riyadh 11169, Telegram: MARKAZI, Telex: 404400, Tel: 4633000, Fax: 4662414