If you want to know more about something related to the Bank of Palestine, let me know, so I can give you a general overview of it for those who may be interested. 🫶🏼
It is not a closure in the literal sense, but rather a freeze until the bank is reviewed and the source of the transfer is proven. Usually, the “freezing” does not occur until the maximum transfer amount is reached. There is a daily limit, a weekly limit, and a monthly limit..(1-2)
If this limit is exceeded, the account is frozen, or if the account is not classified as a profession, a profession or source for these amounts must be proven “for fear of money laundering operations” and because of Israeli oversight. (2-2)
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