The Saudi Central Bank (SAMA) has issued a “Fees Guide for Financial Institutions’ Services”, which will replace the existing “Banking Tariff” once it enters into force. The guide is positioned as part of SAMA’s supervisory framework to strengthen customer protection, while promoting access to financial services at reasonable fees, improving disclosure and transparency, and supporting delivery through electronic channels. The guide amends a range of charges, including reductions to maximum fees for selected customer services such as administrative fees for certain financing products, reissuance of mada cards, international purchase and cash withdrawal transactions, and transfers from bank accounts and electronic wallets. It applies to all financial institutions supervised and regulated by SAMA, including payment companies, and is described as the first edition in terms of the financial institutions covered and the third edition for the banking sector.
Saudi Arabian Monetary Authority 2025-12-22
Saudi Central Bank issues a Fees Guide for Financial Institutions’ Services replacing the Banking Tariff and cutting maximum fees for key services
The Saudi Central Bank (SAMA) has introduced a "Fees Guide for Financial Institutions’ Services" to replace the "Banking Tariff." This guide aims to enhance customer protection, promote reasonable fees, improve disclosure and transparency, and support electronic service delivery. It includes reduced maximum fees for various services and applies to all SAMA-regulated financial institutions, marking its first edition for financial institutions and third for the banking sector.