Treasury opens term for PHASE beneficiaries with accounts in Banreservas to withdraw funds

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    The Ministry of Finance 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 withdraw or transfer them.

    Through a statement from the institution, it was reported 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, forced an agreement with Banreservas for the opening of 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    Pursuant to the agreement, upon completion of this assistance program, the funds not withdrawn would be transferred to the CUT and the accounts closed by the Bank.
    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 https://www.hacienda.gob.do/ where the availability of funds can be consulted and it urged account holders to go to a of the Bank’s offices for the process of withdrawing or transferring the resources and closing the accounts.

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