Rewritten Title:
Bank Sepah Temporarily Suspends Penalties for Bounced Checks to Assist Customers Amid Service Disruptions
Rewritten Article:
Bank Sepah Suspends Bounced Check Penalties for One Month
In response to recent service disruptions and in an effort to support affected customers, Bank Sepah has announced a one-month suspension of penalties for bounced checks issued under its name. The decision, made in coordination with Iran’s Prosecutor General’s Office, aims to alleviate financial pressures on citizens during this temporary operational challenge.
Key Details of the Suspension
The measure applies to checks issued by Bank Sepah with due dates between June 13 and June 27, 2024. For these checks, legal restrictions outlined in Clauses (A) to (D) of Article 5-bis of the Check Law will be suspended for one month from the due date.
Supporting Customers During Challenges
Bank Sepah emphasized that this step reflects its commitment to assisting customers facing difficulties due to unforeseen service interruptions. The bank reassured the public that it is working diligently to restore full operational stability while prioritizing customer welfare.
This temporary relief underscores the bank’s responsiveness to exceptional circumstances, ensuring minimal disruption to financial transactions for individuals and businesses. Further updates will be provided as normal services resume.
Note: The suspension is strictly limited to the specified period and conditions, in alignment with national regulations.
