SAMA seeks public feedback on draft Banking Tariff Guide

Logo of The Saudi Central Bank (SAMA)

The Saudi Central Bank (SAMA) is seeking public feedback on the draft of the Banking Tariff Guide through the public consultation platform “Istitlaa”.

SAMA stated that this project aims to enable and support individual customers and SMEs to easily access banking services and products.

This will be achieved by establishing rules that banks must follow when finalizing fees, setting a maximum limit for fees on basic services for individual customers, and defining standards for all banking services and products provided to individuals and corporate clients.

Feedback and comments on the draft Banking Tariff Guide must be submitted within 15 days of this announcement to assess their relevance in finalizing the draft.

Bank Tariff for Basic Individual Banking Services
Type of Transaction	Transaction	Payment Amount (SAR)
Type of Transaction	Transaction	Electronic	Branch
Bank Accounts	Opening a Basic Current Account*	Free	Free
Bank Accounts	Balance Below Required Minimum	Not Applicable	Not Applicable
Account Statement	Less than 1 year	Free	25
	Account Statement from 1 to 5 Years	Free	30
	More Than 5 Years	Free	50
	Short Account Statement	Free	Free
Cash Withdrawals and Deposits	Cash Withdrawal	Free	Free
	Cash Deposit	Free	Free
	Cheque Deposit	Free	Free
Mada Cards	Issuing a Mada Card for Each Account	Free	Free
	Renewing a Mada Card	Free	Free
	Reissuing a Mada Card Withdrawn from an ATM	Free	Free
	Reissuing a Mada Card (Lost/Damaged/Wrong PIN 3 Times)	30	30
	Customer Use of Mada Card at Points of Sale	Free	--
	Customer Use of Mada Card for Online Purchases	Free	--
	Incorrect Purchase Dispute Fee for Mada Card	50	50
	International Cash Withdrawal with Mada Card	25	25
Payment Services via SADAD System	Paying Government Fees and Bills	Free	Free
	Paying Bills and Service Fees	Free	Free
	SADAD Account for Online Payments	Free	Free
Cheques	Issuing a Cheque Book (25 Cheques)	10	10
	Issuing a Bank Cheque	10	10
	Cancelling a Bank Cheque	10	10
	Issuing a Bank Cheque (Foreign Currency)	15	15
	Cancelling a Bank Cheque (Foreign Currency)	15	15
	Requesting a Cheque Copy Dated up to a Year	10	10
	Requesting a Cheque Copy Dated More Than a Year	20	20
Transfers	Adding a Beneficiary for Transfer	Free	Free
	Transfer Between Accounts in the Same Bank	Free	Free
	Transfer Between Banks Within the Kingdom via Sarie for Transactions Up to 500 SAR (Instant)	SAR 0.5 Max	SAR 0.5 Max
	Transfer Between Banks Within the Kingdom via Sarie for Transactions Over 500 SAR	SAR 1 Min	SAR 1 Min
	Transfer Between Banks Within the Kingdom via Saudi Real-Time Interbank Settlement System (Same Day)	7	25
	Transfer Between Banks Within the Kingdom via Saudi Real-Time Interbank Settlement System (Deferred)	5	15
	Transfer to a Bank Outside the Kingdom	50	75
	Amending/Cancelling an International Transfer	15	25
Gulf Network Operations	Cash Withdrawal with Mada Cards in GCC Countries**	10	--
	Balance Inquiry with Mada Cards in GCC Countries**	3	--
	Customer Use of Mada Card at Points of Sale in GCC Countries**	Free	--
Credit Card Operations	Cash Withdrawal of 5,000 SAR or Less from Credit Card	75	75
	Cash Withdrawal of More Than 5,000 SAR from Credit Card	3% Maximum SAR 300	3% Maximum SAR 300
	Incorrect Dispute Fee for Credit Cards	50	50
	Customer Use of Credit Cards at Points of Sale	Free	--
	Customer Use of Credit Cards for Online Purchases	Free	--
	Balance Inquiry	SAR 3.5	--

*First current account for the customer in the bank.

**Countries that have completed the connection with the Gulf network.

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