The Central Bank requested all banks and finance companies operating in the UAE to stop all bank cards, whether ATM card or credit card, or to conduct direct debit transactions for customers who did not enter their data using the UAE ID card after 28 February 2019.
In its circular No. 256/2018, he sent the banks, finally, that he had sent 10 circulars (citing their numbers and dates) regarding the need to use the UAE identity card in the transactions of individuals, a formal document to prove the identity of the dealers, For loan transactions and other facility requests.
The central chapter of the banks and finance companies is the steps to be followed in order to facilitate the completion of the updating of customer records. The first is to urge customers through all possible means and methods, including appropriate media campaigns, to update their files with identity data during the remaining period of this notice until February 28, 2019, to be noted in the media campaigns that the failure will result in the inability to use ATM cards to withdraw funds, or conduct direct debit transactions, as well as the suspension of credit card transactions after the date of 28 February 2019.
The second procedure, according to the circular, is to stop the withdrawal of banknotes from ATMs, stop direct debit transactions and credit card transactions after February 28, 2019, until the required update (pause cards only) UAE Identity Data during the specified period.
In its circular, the central bank stressed that the temporary suspension of ATM cards should not affect the possibility of withdrawing cash from the account directly at the Bank's counter. Customers may not be charged any fees, discounts or other obligations as a result of the temporary suspension of ATM cards Or credit cards.
It is noteworthy that the circulars of the «central» previous did not include any similar procedures of temporary suspension of cards, as it was limited to the banks claim that the need to urge dealers to update the data.