5.1 Transactions Subject to this Rule

No: 65681/67

Date(g): 3/7/2019 | Date(h): 1/11/1440

Effective from Apr 19 2025 - Apr 18 2025
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This Rule applies to all assets (accounts, banking relationships, transactions, etc.) in cash and in-kind for natural and juristic persons which are deposited in banks operating in Saudi Arabia. Such assets include the following:
1.	Inoperative current and saving accounts on which no withdrawal or other debit transactions were carried out*.
2.	Automatically renewed investment deposits whose owners do not visit the bank after the completion of the agreed-upon period and cannot be reached by the bank.
3.	Bank transfers (SARIE, Swift, remittance membership, etc.) that have not been settled, deducted or received from the date they are made.
4.	Shares, bonds and title deeds of properties pledged against banking facilities that are fully paid by their owners, but they do not contact the bank to regain their ownership.
5.	Safe deposit boxes (lockers) rented by banks to customers with contracts that have not been renewed from the date of the customer’s last visit, and banks were unable to reach the owners by using direct contact or other methods of contact or checking the customer’s other accounts and information in the bank. SAMA instructions on safe deposit boxes shall be applicable.
6.	Unpaid amounts and profits due to customers on their investments in different types of investment funds managed, or was managed, or held by the bank for customers whose investment periods have expired and their owners have not received the amounts due because they do not visit the bank to receive such amounts and profits, they do not have active accounts for the bank to deposit such amounts and profits, or they can not be reached by the bank after they have been notified in writing.
7.	Prepaid services accounts, in a way that does not conflict with the Regulatory Rules for the Prepaid Payment Services.
8.	Amounts on credit cards that are not used or claimed by customers.
9.	Leasing finance settlement accounts.
10.	Amounts held against letters of guarantee and letters of credit as of their expiry date.
11.	Other amounts due to customers and the accruals related thereof.

* This paragraph has been amended according to the circular No. (44071426), Dated 07/09/1444H, corresponding to 28/03/2023G. Please refer to the Arabic version of this paragraph to read the last updated version.