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  • BC-4.10 BC-4.10 Transaction Advice

    • BC-4.10.1

      All retail banks must provide at no charge, a transaction advice service for its customers (natural persons). This service information must be communicated through short message service (SMS) on all types of withdrawals/deductions from customer's account and any credit and pre-paid card transaction, including, but not limited to:

      (a) ATM withdrawals;
      (b) Internal and external transfers from the customer's account/credit and pre-paid cards;
      (c) Withdrawals through a bank counter;
      (d) Point of sale (POS) transactions;
      (e) Any withdrawals and payments from the customer's account and credit and pre-paid-cards through mobile, internet or other electronic means;
      (f) Any repayment of outstanding credit card balances; and
      (g) Any other withdrawals or deductions from the customer's account and credit and pre-paid cards.
      Amended: October 2016
      October 2011

    • BC-4.10.2

      [Deleted in October 2016 as per EDBS/KH/34/2016 letter dated 28th July 2016].

      Deleted: October 2016
      October 2011