The Saudi Central Bank (SAMA) has introduced the new “Fees Guide for Financial Institutions’ Services”, set to replace the current Banking Tariff.
This initiative reinforces SAMA’s commitment to customer protection, transparency, and financial inclusion. The new Guide aims to ensure fair and reasonable fees, improve disclosure standards, and support digital transformation by promoting electronic service channels.
Key changes include reduced maximum fees for several services, such as administrative charges on financing products, reissuance of mada cards, international transactions, and transfers from bank accounts and e-wallets.
The new Guide applies to all financial institutions under SAMA’s supervision, including payment companies, and marks the first edition for financial institutions and the third for the banking sector.
