Regulatory Alerts2021-01-01
Instructions No. 14 of 2021 Regarding the Reimbursement of Returned Cheque Fees for Insufficient Funds
The Palestine Monetary Authority issued Instructions No. 14 of 2021 to repeal and replace previous regulations governing fees for returned cheques due to insufficient funds. The directive explicitly abolishes Instructions No. (26) and (28) of 2020, consolidating the regulatory framework for cheque return charges under a single updated mandate. All licensed banks operating in Palestine must comply with these provisions effective July 1, 2021.
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