The Central Bank Determines he Electronic Transfer Commissions within The Kingdom

08-Jul-2019

The Central Bank of Jordan (CBJ) issued instructions to banks operating in the Kingdom, which set the highest commission rates for electronic transfers within the Kingdom, whether through the RTGS or through the Automated Clearinghouse System. 

The Central Bank said in a statement issued on Sunday that the instructions distinguished between e-financial transfers implemented through electronic channels and those implemented through the banks counters, by giving preference and lower commissions to those implemented through electronic channels of banks. 

These instructions confirm the strategic directions of the Central Bank to encourage citizens to use electronic payment and transfer tools and to provide alternative solutions with greater efficiency and security than cash and paper payment tools, thus contributing to the achievement of the Kingdom's goals in transforming the digital economy. 










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