Rewritten Title:
Bank Sepah Temporarily Suspends Bounced Check Penalties for One Month: Key Details
Bank Sepah Announces One-Month Suspension of Bounced Check Restrictions
In response to recent operational disruptions and in line with efforts to support affected citizens, Bank Sepah has announced a temporary suspension of penalties for bounced checks issued under its name. The measure applies to checks with due dates between June 13 and July 7, 2024, and will remain in effect for one month from the original due date.
The decision was made in coordination with the Office of the Prosecutor General of the country, reflecting a commitment to easing financial burdens during this period. The suspension specifically halts enforcement of penalties outlined in Clauses (A) to (D) of Article 5 of the Check Law for eligible checks.
Supporting Customers Amid Challenges
This move follows Bank Sepah’s earlier initiative to waive late payment fines for credit customers impacted by recent events, as part of the “People’s Solidarity for Iran” campaign. The bank reaffirms its dedication to assisting customers and maintaining financial stability during exceptional circumstances.
Key Takeaways for Account Holders:
- Checks issued by Bank Sepah with due dates between June 13–July 7, 2024, will not face immediate penalties if bounced.
- The suspension lasts one month from each check’s original due date.
- The decision aligns with broader efforts to mitigate economic pressures on citizens.
Bank Sepah continues to prioritize customer support while ensuring compliance with national financial regulations.
