New way to pay back checks

Explaining the new method of paying returned checks, Mehran Moharramian, Deputy Minister of New Technologies of the Central Bank, said: “If an individual check is returned, the desired amount will be withdrawn from all personal accounts in the same bank and the check will be received.”

He continued: in the next part, the amount of the returned check deficit will be blocked from other individual accounts in the entire banking network, and finally, the legal steps will be taken by the judiciary to withdraw.

Muharramian stated: In other words, if a person has an account in 5 banks and his check is returned in the first bank, the balance of all his accounts will be counted and in the next steps, the balance of the returned check balance will be blocked. .

The Deputy Minister of New Technologies of the Central Bank emphasized: A person can be informed of the status of his account being blocked through communication channels with his own bank, which is currently done online.

He added: “As in the previous procedure, the issuer of an irrevocable check must obtain the consent of the beneficiary of the check.” Naturally, this will be done by paying the amount, and then the same procedure will be done again in reverse, and the entire banking network will be de-escalated and the blocked funds will be released.

Referring to the pilot nature of this plan, Moharramian said: “Currently, we have given a limited opportunity to the remaining 5 banks to be added to this plan as soon as possible, and at the same time make sure that there is no technical problem because of the number of returned checks.” The day is high. In addition, according to the law, this plan will be applied to all checks.