Your access and use of SAMA Regulatory Rulebook and its content is considered as an acceptance and approval of commitment by you without any limitation or condition to the following:
SAMA Regulatory Rulebook is a platform that aims to assist the regulated entities to access SAMA regulatory content adeptly and efficiently.
SAMA Regulatory Rulebook is still on its development and soft launch stage. SAMA is not liable for its contents and does not warrant or represent that (the Services related to the platform, information or material presented in the platform) is displayed free of any inaccuracies, omissions, or errors (“Faults”). SAMA accepts no liability for any loss, claim or damage resulting from any use of the platform, and any decisions made, or actions taken based on the information contained in or generated by the platform.
SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
The disclosure and transparency principle shall be applied, where all means will be used to inform the customer.
Disclosing all tariffs at banks’ branches and on their websites in a clear and legible manner to be accessible to customers.
The maximum banking tariff for banking services as illustrated in the table attached to this circular shall not be exceeded.
Providing SAMA with all types of tariff or fees according to this circular at the beginning of each Hijri year (Muharram) to be disclosed on website.
Utilizing banking tariff instructions to encourage the utilization of electronic channels and financial inclusion.
Obtaining a prior approval from SAMA on tariff or fees for any services or products that are not included in this circular.
Fees shall be within reasonable and competitive limits as compared with similar services that are conformed to the best applicable applications and practices.
Not charging any fees associated with the services or products provided to customers except after customers' acceptance for the service and related fee.
A bank, may opt not to charge any of the tariff set forth herein as it deems appropriate and consistence with its policy of providing services with fair competition.
Apply the charging policies issued by SAMA for all payment systems (MADA\ SARIE \SADAD…etc.) and its services.
SAMA will periodically review and update the banking tariff in accordance with approved and licensed products and its fees
