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Allowing Cash Withdrawal of Funds Excluded from Seizure through ATM Cards and ATM Card Issuance and Renewal for Customers Against Whom a Seizure Order Had Been Issued

No: 529850000067 Date(g): 29/4/2019 | Date(h): 24/8/1440

Translated Document

Effective from Jun 30 2019 - Jun 29 2019
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Referring to the arrangements made between SAMA and the Ministry of Justice regarding the procedures for benefiting from the statutory percentage of the salary deposited in the account of a customer subject to a seizure or prohibition order. I would like to inform you of the following:

            First: Allow cash withdrawals of amounts exempted from seizure in bank accounts frozen by court orders, including the statutory percentage of salaries through ATM cards.

            Second: Exempt the issuance or renewal of ATM cards from the services prohibited for those subject to a prohibition order.

            Third: Establish procedures and controls to ensure that what is mentioned in paragraphs (First) and (Second) does not violate the application of the rules for seizure and prohibition.

            For your information, and to act accordingly by the end of the second quarter of 2019.