Book traversal links for تعليمات عامة
General Instructions
Status: In-Force |
Versions (5 versions) |
Effective from Feb 26 2025 - Aug 31 2017
To view other versions open the versions tab on the right
- 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