Regulatory Alerts2020-10-06
Added · Updated
Circular on the Basic Bank Account
The Central Bank of Jordan mandates banks operating in the Kingdom to fully comply with Basic Bank Account instructions, specifically by facilitating account opening for eligible individuals, including National Aid Fund beneficiaries. The circular prohibits the closure of basic bank accounts that have had no activity and a zero balance for a period not exceeding six months. Non-compliance with these directives subjects banks to accountability and punishment.
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