Instructions No. 3 of 2025 Regarding the Returned Check Fee for Insufficient Funds

Palestine Monetary Authority

Instructions No. (3) of 2025
Regarding the Returned Check Fee for Insufficient Funds

Based on the provisions of Law No. (9) of 2010 concerning Banks, particularly Articles (40, 72) thereof, and subsequently to Instructions No. (4) of 2023 concerning Banking Fees and Commissions, and based on the powers delegated to us, and in pursuit of the public interest, we have issued the following Instructions:

Article (1)
Scope of Application

The provisions of these Instructions apply to all banks licensed by the Palestine Monetary Authority to conduct banking business.

Article (2)
Returned Check Fee for Insufficient Funds

In exception to what was stated in Article (3/9) of Instructions No. (4) of 2023 concerning Banking Fees and Commissions, banks must reverse the full value of returned check fees for insufficient funds charged to customer accounts during the period from 2025/1/1 to 2025/2/28, and drawn on bank branches operating in the governorates of Tulkarm, Jenin, and Tubas.

Article (3)
Implementation and Enforcement

All competent authorities must implement the provisions of these Instructions, each within its respective jurisdiction, and they shall apply from the date of their issuance.

Issued in Ramallah, on the date: 2025/03/20

Yahya Al-Shannar
Governor

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