Free for 100 days .. Sources reveal the fees for instant transfer between banks

Sources revealed that the immediate transfer between banks, which was approved by the Central Bank of Saudi Arabia and will take effect tomorrow (Sunday), will be free of charge to customers as a trial phase until the end of next May.

They indicated, according to “Okaz” newspaper, that a minimum transfer fee of half a riyal has been approved for operations equal to or less than 500 riyals, and one riyal for operations exceeding 500 riyals.

And they emphasized that the fees included in the tariff for the services of the Saudi system for quick financial transfers that exceed the maximum limit for a single transaction will be maintained.