Sata­bank an­nounces ‘tem­po­rary’ sus­pen­sion of out­ward trans­fers in USD

Malta Independent - - NEWS -

Sata­bank has in­formed its clients of a tem­po­rary sus­pen­sion of pro­cess­ing of out­ward bank trans­fers in the US dollar cur­rency.

The rea­son be­hind the sus­pen­sion of such trans­fers is un­clear.

The banks said that out­ward trans­fers in other cur­ren­cies sup­ported by SATA­BANK ini­ti­ated from client ac­counts will still be pro­cessed.

So will in­ward trans­fers, in­ter­nal trans­fers and trans­fers be­tween own ac­counts in USD.

The bank apol­o­gised to its cus­tomers for any in­con­ve­nience and said it is do­ing its best to re­solve the prob­lem as soon as pos­si­ble. Sata­bank opened its St Ju­lian’s of­fice in March this year.

The bank started with 20 em­ploy­ees but with plans to ex­pand its work­force five­fold in the first two years.

Ques­tions have been sent to the bank.

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