Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Instructions No. (6) of 2025

Regarding Bounced Check Fees for Insufficient Funds

Based on the provisions of Law No. (9) of 2010 concerning Banks, particularly Articles (40, 72) thereof, and on the provisions of Law No. (41) of 2022 concerning National Payments, particularly Articles (12, 18) thereof, and subsequently to Instructions No. (3) of 2025 concerning Bounced Check Fees for Insufficient Funds, and after reviewing Instructions No. (4) of 2014 concerning Fees for the Instant Settlements and Clearing System, and based on what was approved by the Board of Directors of the Palestine Monetary Authority in its meeting No. (285) dated 2025/5/7, and in accordance with the powers vested in us, and in pursuit of the public interest, we have issued the following Instructions:

---

Article (1)

Scope of Application

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

---

Article (2)

Bounced Check Fee for Insufficient Funds

The period for reversing bounced check fees for insufficient funds charged to customer accounts and drawn on branches of banks operating in the governorates of Tulkarm, Jenin, and Tubas is extended until 2025/4/30.

---

Article (3)

Clearing System Fees

Notwithstanding the provisions of paragraph (3) of Article (4) of Instructions No. (4) of 2014 concerning Fees for the Instant Settlements and Clearing System, it has been decided to apply a fee of (3) three US dollars for bounced checks for insufficient funds drawn on branches of banks operating in the governorates of Tulkarm, Jenin, and Tubas during the period from 2025/1/1 until 2025/4/30.

---

Article (4)

Implementation and Enforcement

All competent authorities shall implement the provisions of these Instructions insofar as they are concerned, and they shall apply from the date of their issuance.

---

Issued in Ramallah, on: 18/05/2025 AD

Yahya Al-Shannar

Governor

---

www.pma.ps

---

Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 - محافظة رام الله والبيرة - فلسطين ص.ب info@pma.ps | Fax: +970 2 2415310 : فاكس | Tel: +970 2 2415251 : هاتف | Postal code: P6160675 : الرمز البريدي