Central bank sets cap for e-transfer fee within Kingdom | Business | Ammon News


Central bank sets cap for e-transfer fee within Kingdom


[7/7/2019 5:11:51 PM]

AMMONNEWS - The Central Bank of Jordan (CBJ) on Sunday issued instructions to banks operating in the Kingdom setting a ceiling for the fee they collect for e-transfers conducted inside the Kingdom whether under the RTGS or AACH systems.

In a statement, the CBJ said that the new instructions give preferential fee rates to e-transfers compared to over-the-counter transfers. It said the move is part of the bank's broader drive to encourage the more safe and secure e-banking solutions and push towards greater digitization of the economy.

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