Activation of E-Services for Bank Accounts of Government Entities
| No: 166000000041 | Date(g): 19/5/2018 | Date(h): 5/9/1439 | Status: In-Force |
Translated Document
Effective from 2018-05-19 - May 18 2018
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SAMA received a letter from the esteemed Deputy Minister of Finance for Financial Affairs and Accounts No. 86373 dated 15/08/1439 H, which includes the Ministry of Finance's approval to provide electronic banking services directly to all governmental entities without requiring approval for each individual case. This is in line with the Ministry's efforts to facilitate and expedite the work for these entities. The services are to be provided as follows:
| 1- | Banking transactions will be conducted through electronic services based on joint orders from authorized signatories according to the approved levels of security. |
| 2- | The services provided to governmental entities will include: (inquiries, internal transfers, and payment of utility bills). |
| 3- | Compliance with the instructions issued in this regard, particularly the rules governing electronic banking services. |