Book traversal links for منتج بطاقة رواتب العمالة المنزلية المسبقة الدفع
Prepaid Salary Cards for Domestic Workers
No: 371000120595 | Date(g): 23/8/2016 | Date(h): 21/11/1437 | Status: In-Force |
Translated Document
Referring to the Royal Order No. 22393 dated 11/06/1433 H regarding the opening of prepaid accounts (salary card product) for domestic workers as a mechanism for the employer to deposit the monthly salary for domestic workers into prepaid accounts, in coordination with SAMA and the Ministry of Interior. Further to the workshops held with representatives of the banks on 10/06/1436 H and 06/03/1437 H to discuss the mechanism of the product and the developments and sharing of the salary card specifications for this category of workers.
In view of the importance of this national program and its compatibility with SAMA's strategy aimed at implementing the principle of financial inclusion, reducing the percentage of cash transactions, and developing banking products in line with the needs of the local market, SAMA hopes that all participating banks will launch a salary card product for domestic workers in accordance with relevant instructions and regulations, and with the specifications discussed in workshops and follow the necessary procedures and capabilities required to meet requests for opening bank accounts, including the use of various banking technologies, and the availability of cash through ATMs and other services required of the beneficiaries of the program. All banks must be ready to launch the product no later than 01/03/1438H corresponding to 30/11/2016G. The Ministry of Labour and Social Development will work to oblige sponsors, citizens and residents, to open prepaid bank accounts for their domestic workers and will launch a media campaign.