On August 24, 2023, the Central Bank of Argentina, issued Communication “A” 7825, by which it establishes that the remuneration that payment service providers that offer payment accounts receive for the balances in pesos of deposit accounts in financial institutions, in which their clients’ funds are deposited, must be fully passed on to such clients. In this way, the customers who have their money in the payment accounts will obtain a return that must be accrued periodically.
Access the complete text of the Communication here.
This publication does not constitute a legal opinion on specific issues. If necessary, specialized legal advice should be sought.
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