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.
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Bank Tariff for Basic Individual Banking Services |
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|
Type of Transaction |
Transaction |
Payment Amount (SAR) |
|
|
Electronic |
Branch |
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|
Bank Accounts |
Opening a Basic Current Account* |
Free |
Free |
|
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Reissuing a Mada Card Withdrawn from an ATM |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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