Some of SARIE System Services

Bank Transfer Services

Money transfers between banks and their clients were done using traditional methods like telex transfer and cheques or even carrying cash for the purpose of transferring, which meant that finalizing the transfer transactions consumed a lot of time and effort and was subject to numerous risks. Now, with the SARIE system, all the payment systems between banks have been connected together enabling clients to transfer money to and from any bank account within Saudi Arabia, automatically, easily, safely and quickly.

Monthly Payroll System

Salaries used to be paid by issuing cheques or cash, which is a slow and time-consuming method for both the public and private sectors as well as for the clients. Now, with SARIE, government and commercial institutions can issue monthly salaries automatically, whereby the SARIE system enables the electronic, safe salary transfer.
In this system, the salary is transferred from the government sector or the company owner to the recipient’s individual bank account, which eliminates the need to personally visit the banks; in addition this expands the possibility of enjoying the benefits of the Saudi Payments Network.

Direct Debit Service

Paying monthly bills and installments is one of the main reasons for crowded banks and long queues, which leads to an increased burden on clients and bank employees. Now, with SARIE, those payments can be settled by the client without the need to visit the bank because SARIE allows any bank to issue a credit note against the client’s accounts and transfer the money to the beneficiary’s account at any bank in the Kingdom. An upper limit to the regular payment deduction is set by the clients.

All of the previously described SARIE services are offered at competitive prices, and to fully benefit from those services, please get in touch with any bank branch.