Circular on Accepting Social Security Transfers to Basic Bank Accounts

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

[Logo of the Central Bank of Jordan]

Number: 10/3/27 / 1552
Date: 25 / 6 / 1444 AH
Corresponding to: 18 / 1 / 2023 AD

Circular to all banks operating in the Kingdom

Greetings,

With reference to the Basic Bank Account Instructions No. (2019/1) dated 2019/2/4, and in light of complaints received by the Central Bank regarding the inability of some Basic Bank Account holders to receive transfers from the Social Security Corporation, which take the form of compensation or Social Security savings and the like, we emphasize the acceptance of transfers that may lead to exceeding the limit specified in the instructions, which is (700 JOD), and the rejection of no transfers of any amount. At that time, after reviewing the customer's account status, the Basic Bank Account may be converted to a standard account after six months and/or upon fulfilling the required commissions.

Please accept our highest regards,

The Governor
Dr. Adel Al-Sharkas
[Signature]

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Form (1/1-1/1)
P.O. Box 37 • Amman 11118 Jordan • Phone 4630301 • Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo

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