Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
agreement reached with the ECX.
j) Transactions from savings or current accounts held with the CBE which
is operated through the power of attorney ; by verifying the signature
and identifying the agent against the scanned signature and photo on the
system;
k) Withdrawals of money from inactive savings, however, the Customer
service Manager shall request the customer to present a Renewed ID and
retain the photo copy of the ID, for saving account presenting passbook is
mandatory, interview the customer in person, and approve the
withdrawal by writing the word ‘ok for being inactive’ on the face of the
withdrawal voucher.
12.2 Transactions Not Allowed To Be Processed Through the
Online System
a) Withdrawal from inactive demand deposit account;
b) Withdrawals of money from customers’ accounts that take place as per the
customers’ standing instructions;
c) Court order instructing payment by debiting ones account should not
entertained by other branches except the account holding branch.
d) Fund transfer or outgoing LMTS ordered by letter of application (LMTS or
account transfer forms) from corporate customers’ demand deposit and
saving accounts except Bankers’ cheque (C.P.O) transfer to government
entities.
e) Account to account transfers from Local currency accounts to foreign
currency accounts.
CATS Procedure | 214