Money transfer is allowed if the origin and destination deposits are not the same

According to Iran Economist From the Central Bank, according to the “Instructions for Clarification of Banking Transactions of Individuals”, transferring money from the deposit account of a natural person to other deposit accounts of that person in any amount, subject to the fact that both deposits are individual (and not joint), within the thresholds mentioned in Article (8) of the aforementioned instruction will not be taken into account.

Article 8 of the instructions for clarifying the banking transactions of individuals indicates that the credit institution is obliged to limit the permitted threshold of total withdrawal amounts through offline payment portals from all deposit accounts belonging to real customers in that credit institution to a daily amount of one billion Rials.

According to the note 1 of this article, the permissible threshold of the total amount of withdrawals through non-personal payment portals for real customers without commercial deposits is five billion Rials per month. According to Note 2, the permissible threshold of the total amount of withdrawals through non-present payment portals in the case of legal entities is determined by the central bank’s executive board based on the level of money laundering risk.

According to Note 3, the non-present money transfer transactions, whose origin and destination are the same and belong to an individual individual, are exempted from complying with the limits stipulated in this article.

According to the instructions for clarifying bank transactions of individuals, transferring money between deposit accounts of individuals does not require obtaining documents.