Regulator unveils e-banking rules

- Friday, January 21, 2011

Regulator unveils e-banking rules

Venezuelan banking regulator Sudeban has unveiled new rules that will govern all e-banking transactions, state news services AVN reported.

Sudeban said banks and other financial institutions must set maximum amounts for how much can be withdrawn and transferred daily at different e-banking channels.

The daily maximums for mobile banking should not be higher than those for ATMs.

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Also, financial institutions must provide clients with receipts of all e-banking transactions.