Law No. 41 of 2024 Brings Changes to Article 732 of the Commercial Code
One of the main modifications concerns the management of current accounts. From now on, banks are required to close inactive accounts that have been dormant for six months, after informing the client.
It is worth noting that this obligation only applies to current accounts and excludes checking accounts opened by individuals.
Furthermore, the law strengthens controls on checkbook issuance. Banks will be required to assess their clients' financial capacity before issuing a checkbook.
This examination aims to limit the risks of bounced checks and encourage the use of other payment methods such as bank transfers, credit cards, and digital payment solutions.
Regarding penalties for checks without funds, the law provides some flexibility. The penalties incurred are less severe than before, but banks remain responsible, particularly for checks under 5,000 dinars.
