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Dubai News Club > Finance > Banks do not issue a “debt certificate” to owners of “negative” bank balances.
Finance

Banks do not issue a “debt certificate” to owners of “negative” bank balances.

Press Room
Last updated: 2022/07/04
Press Room
Published: July 4, 2022
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Banks do not issue a “debt certificate” to owners of “negative” bank balances.
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Two bankers said that a customer who has a negative balance in his bank account is not entitled to request a certificate of indebtedness to transfer his account to another bank, as he must first pay the overdraft balance in full, and then apply for the certificate.

They confirmed that…

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