Regulatory Alerts2021-03-31
Added · Updated
Circular on ATM Cash Withdrawal Fees for Banks in the Kingdom
The Central Bank of Jordan mandates that banks classify all cash withdrawals via domestic ATMs using locally issued cards as local transactions, prohibiting the deduction of additional commissions. Banks are required to properly identify Bank Identification Numbers in their systems and manage this classification on an ongoing basis. The directive requires banks to implement these procedures and report compliance to the Central Bank within five working days of the circular's date.
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