Official SARIE Rates
SAMA official rates for fund transfer services offered by banks
- Government employees are not charged for payroll transfer services via SARIE if such transfer was made through their government department/agency.
- Banks offer reduced and competitive rates to citizens and clients for transacting fund transfers via SARIE. SAMA Charging Policies apply maximum fees in which banks can charge their customers (both clients and non-clients) for each single transfer. The different levels for the maximum fee per transfer are the following:
- Sameday Transfers (sameday value date): A bank may charge upto a maximum of SR 25 for a sameday transfer (prior to SARIE payment cutoff time) provided that the transfer would reach the beneficiary within the same day of deposit.
- Forward-date Transfers (Forward value date): A bank may charge upto a maximum of SR 15 for a forward valuedate transfer (whether executed prior to or after SARIE payment cutoff time) provided that the transfer would reach the beneficiary within the next SARIE business day (next valuedate) or any forward valuedate designated by the sender.
- A customer not having an account with the bank has the right to use fund transfer services upon providing all the details and information required by SAMA and presenting them to his bank – the presenting bank.
- SAMA charge a nominal fee of SR 2.20 for each individual Direct Debit request.
Copyright © 2008-2010 sarie.gov.sa , Saudi Arabian Monetary Agency (SAMA) All rights reserved.
