Banks require keeping funds on a card when collecting unsecured loans

Starting January 10, 2027, banks will be required to follow new rules when collecting debts related to loans and guarantees. This is reported by One.uz.

The requirement mandates that when a debt is collected without the customer’s consent, a certain amount must remain on the customer’s bank cards to ensure minimal financial protection during the debt collection process.

Banks cannot fully withdraw funds from a customer’s card during involuntary debt collection, as the law requires a protected amount to be preserved. This measure aims to safeguard essential financial resources necessary for the customer’s livelihood.

Protected Amount

The protected amount is calculated as half of the minimum wage. Currently, the minimum wage is 1,360,000 sums, so half of that is 680,000 sums.

This amount is not calculated per card, but based on the total funds across all of the customer’s bank cards. Therefore, it is not required that each individual card retain 680,000 sums; rather, the combined remaining balance across all cards must not fall below this threshold.

This approach allows for flexibility—for example, if one card has no funds, another may still hold the protected amount. Requirements for Banks

To comply with this rule, banks must check the customer’s card balances before proceeding with involuntary debt collection and ensure the required protected amount is preserved.

If the total remaining balance across all of the customer’s cards is less than 680,000 sums, the bank cannot fully collect the debt. This measure is designed to protect the customer’s financial stability during debt collection and help preserve essential funds for daily living.

Banks must fully adhere to this regulation when implementing it. This promotes fairness and transparency in bank-customer relationships.