Tag: Saudi Central Bank

SAMA Reduces Fees for Key Banking Services

The Saudi Central Bank (SAMA) announced the issuance of the “Fees Guide for Financial Institutions’ Services,”which will replace the currently applicable Banking Tariff once it enters into force. The updated guide introduces lower fee caps on several essential banking services, aiming to enhance affordability, transparency, and customer protection. Under administrative fees, the maximum charge for non-real estate finance products has been reduced ... <a title="SAMA Reduces Fees for Key Banking Services" class="read-more" href="https://ksaexpats.com/sama-new-banking-fees-guide/" aria-label="Read more about SAMA Reduces Fees for Key Banking Services">Read more</a>

Saudi Central Bank: No Deductions Without Permission

The Saudi Central Bank has issued a draft update of debt collection regulations for individual customers to protect accounts and ensure fair banking. Under this new proposal, banks and financial companies cannot take money from a customer’s account without clear permission or a court order. No Deductions Without Permission The draft regulations state that banks ... <a title="Saudi Central Bank: No Deductions Without Permission" class="read-more" href="https://ksaexpats.com/saudi-central-bank-no-deductions/" aria-label="Read more about Saudi Central Bank: No Deductions Without Permission">Read more</a>