Circular Regarding Returned Check Commission No. (12854/4/2/10) dated 2016/10/6

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

Central Bank of Jordan
Number: 12854
Date: 5/10/1438 AH
Corresponding to: 6/10/2016 AD

Circular to Banks Operating in the Kingdom

Greetings,

With reference to the Customer Dealing Instructions No. (56/2012) dated 31/10/2012, we wish to emphasize that the returned check commission amount for insufficient/insufficient balance in the customer's account, as per the attached table in the aforementioned instructions, is (20) Dinars for the first returned check on the customer's account and (40) Dinars for the second returned check on the customer's account, whether it is the same check or any other check, without any increase or decrease in the commission amount.

We note the necessity of collecting the commission from the customer's (drawer's) account, and if there is no balance in the account, the account statement must be issued and the commission charged to the customer's (drawer's) account, whether it is a counter check or a clearing check, with the necessity of including the terms stated in the circular in the contracts, under penalty of liability.

Please accept our highest respect,

The Governor
Dr. Ziad Friez

P.O. Box 27, Amman 11118, Jordan • Phone: 4630301 Fax: 4638889, 4638624 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo