2 Days
Source:
جفرا نيوز
Deputy questions low balance fee and affected banks
Deputy Adnan Moushakah submitted a parliamentary question to the Prime Minister asking for clarifications regarding the legal and banking foundations that permit Jordanian banks to deduct a monthly fee for low account balances from depositors, especially those with low income, without providing any actual service in return. He also inquires about the reasons preventing banks from being obligated, according to Central Bank instructions, to exempt salary accounts of employees, retirees, and National Aid beneficiaries from this fee in order to protect their living conditions. Additionally, he seeks to know the profits banks make from this fee, the regulatory mechanisms in place to ensure customers are informed before deductions, the minimum balance that prevents the fee from being charged, and the names of banks that practice this procedure, with a call for an official clarification of these details.
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