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14.2 Incoming Transfers and Purchased Checks

No: 65681/67 Date(g): 3/7/2019 | Date(h): 1/11/1440 Status: In-Force
Incoming transfers and purchased checks may be accepted in the following cases: 
 
-If the transfer or check is made or issued from an account with the bank to a natural or juristic beneficiary account in one of the branches of the same bank, the transfer or check may be paid in cash to the beneficiary or his/her legal agent.
 
-If the transfer or check is from a local bank to another local bank, then payment shall be from the account of transferor to the account of the transferee.
 
-If the transfer is coming from outside Saudi Arabia in the personal name of the beneficiary, money transferred shall be paid through a bank account only.