Fees for Wage Protection Program Transfers Between Accounts Within the Bank

No: 361000045859

Date(g): 13/1/2015 | Date(h): 23/3/1436

Effective from 2015-01-13 - Jan 12 2015
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In reference to" The Central Bank Circular No. 351000012318 dated 1435/1/28 AH and Circular No. 351000061537 dated 1435/5/12 AH And also The circular number 351000063555 dated 5/17/1435 H. which emphasizes the importance of cooperation and supporting the national program 'Wage Protection Program'. In light of the complaints received by the central bank regarding the fees imposed on financial transfers to internal accounts (current or prepaid) through this program."

Therefore, the central bank emphasizes the commitment to the following instructions:

First:	The transfer from one account to another within the same bank is free of charge for all types of bank accounts.
Second:	Compliance with the service fees listed in the SARIE Pricing Policy document issued by the central bank concerning financial transfers between banks.
Third:	There should be a "Service Provision Agreement" for this program, and the bank shall clarify all its terms and the fees it will charge for it, ensuring acceptance from the other party before signing the agreement.
Fourth:	Comply with the prepaid card fees stated in the SPAN Pricing Policy document issued by the Central Bank and do not impose any additional fees.