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The Treasury opens the deadline for PHASE beneficiaries to withdraw their funds

Hacienda abre plazo beneficiarios FASE retiren sus fondos

The Treasury granted a period of 45 days to the beneficiaries of the Employee Solidarity Assistance Fund (FASE) who still have resources in the special accounts created in the Reserve Bank (Banreservas) to proceed to withdraw or transfer them.

Through a statement, the institution informed that, once the term expires on October 7, 2022, the amounts available in those accounts will go to the Single Treasury Account (CUT).

The Ministry of Finance, at the time of the entry into force of the decree that created the FASE program, signed an agreement with Banreservas for the opening of special bank accounts in favor of unbanked beneficiaries.

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Pursuant to the agreement, upon completion of this assistance program, the funds not withdrawn would be transferred to the CUT and the accounts closed by the Bank.

The institution specified that the interest is that the beneficiaries who still have money available can identify that they have those resources and make use of them.

In order to facilitate the verification process, the Treasury has created a link on its website hacienda.gob.do where the availability of the funds can be consulted, and it urged account holders to go to one of the Bank’s offices for the process of withdrawal or transfer of resources and closing of accounts.

The Ministry of Finance, at the time of the entry into force of the decree that created the FASE program, signed with Banreservas an agreement to open special bank accounts in favor of unbanked beneficiaries. Pursuant to the agreement, upon completion of this assistance program, the funds not withdrawn would be transferred to the CUT and the accounts closed by the Bank.

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