Regulatory Alerts2024-01-01
Circular No. 69: Opening a Bank Account for University Students
The Palestine Monetary Authority issued Circular No. 69 (2024) to mandate commercial banks to open dedicated bank accounts for university students upon request. The circular amends Circular No. 8 (2009) and aligns with Article 3/1/8 of the Banking Law No. 18 of 2018, establishing standard operational and denominational requirements for these accounts. It takes immediate effect upon issuance to facilitate student financial access across the Palestinian territories.
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