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Home Finance The Saudi Central Bank sets a maximum limit on banking services fees

The Saudi Central Bank sets a maximum limit on banking services fees

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The draft project of the Central Bank of Saudi Arabia “SAMA” aims to ensure that individuals and small and medium-sized companies obtain banking services and products with ease and convenience

situation Central Bank of Saudi Arabia “SAMA”A draft draft specifies the general provisions that banks and banks must adhere to when determining fees for banking services and products, and determines the maximum fees for basic banking services for individual customers that banks and banks can collect.

The Saudi Central Bank “SAMA” announced, via His website Today, we announced the launch of the “Draft Banking Tariff Guide” project, to request public opinions from interested parties and specialists, through the “Reconnaissance” platform of the National Competitiveness Center.

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This project aims to enable and support individual customers and small and medium-sized companies to obtain banking services and products with complete ease and ease, by setting the general provisions that banks must adhere to when determining fees for banking services and products, and setting the maximum fees for basic banking services for individual customers. Banks and banks can collect it, in addition to the standards that must be taken into account when determining the fees for all banking services and products provided to individual clients and legal persons.

Views and comments on the “Draft Bank Tariff Guide” project will be received over a period of (15) days, and studied after the specified deadline expires. To approve its final version.
The project can be viewed by visiting the “Estalaa” platform of the National Competitiveness Center.

 

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