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To combat financial fraud, the Saudi Central Bank (SAMA) has set numerous limitations on Saudi citizens and expats using banking services. From April 10, 2022, the following restrictions will apply:
Opening online account
Individual and institutional online account creation has been halted till further notice. To open a new bank account, everyone, including Saudi people, businesses, and expats, must go to a bank office. Saudi Moroor imposes four conditions on car window shades.
Adding online beneficiaries
Customers who aren’t Saudi won’t be allowed to add international beneficiaries to their accounts online. Instead, they’d have to go to one of the bank’s branches to do it.
Local Transfer Limit
Individual enterprises, Saudis, and expats have a local transfer limit of SR 60,000. Saudi husband burns his wife to death with acid
Local Transfer Time
Money will no longer be transferred instantly to local bank accounts. The local transfer would take at least 2 hours so that the sender could notify an unlawful transfer to the bank and recover funds.
International Transfer Time
In the same way, there will be no immediate international transfer. It will take at least 24 hours to reduce money laundering. How could Filipinos and Indians get a Saudi tourist visa?
Al Rajhi Bank Tweet
The following image was posted on Al Rajhi Bank’s Twitter page, but it was withdrawn a few hours later, possibly because too many details were given.
Source: Saudi Central Bank
What's your reaction about this news🥰𝙒𝙚 𝙝𝙤𝙥𝙚 𝙩𝙝𝙖𝙩 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚𝙙 𝙩𝙝𝙞𝙨 𝘼𝙧𝙩𝙞𝙘𝙡𝙚. 𝙋𝙡𝙚𝙖𝙨𝙚 𝙨𝙝𝙖𝙧𝙚 𝙞𝙩 𝙬𝙞𝙩𝙝 𝙮𝙤𝙪𝙧 𝙁𝙧𝙞𝙚𝙣𝙙𝙨 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚 𝙩𝙤 𝙤𝙪𝙧 𝙬𝙚𝙗𝙨𝙞𝙩𝙚 𝙗𝙮 𝙘𝙡𝙞𝙘𝙠𝙞𝙣𝙜 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙚𝙡𝙡 𝙄𝙘𝙤𝙣 (𝙇𝙚𝙛𝙩 𝘽𝙤𝙩𝙩𝙤𝙢 𝙤𝙛 𝙩𝙝𝙞𝙨 𝙋𝙖𝙜𝙚) 𝙩𝙤 𝙧𝙚𝙘𝙚𝙞𝙫𝙚 𝙣𝙤𝙩𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣𝙨 𝙛𝙤𝙧 𝙚𝙫𝙚𝙧𝙮 𝙏𝙧𝙚𝙣𝙙𝙞𝙣𝙜 𝙖𝙧𝙩𝙞𝙘𝙡𝙚.🥰
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