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