Effective from Jan 01 2024 - Dec 31 2023 To view other versions open the versions tab on the right
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.
