This service allows a customer to transfer funds in Saudi Riyals between accounts opened in local banks in a secure environment.
Some of its benefits are:
Secure means to transfer funds the same day within SARIE cut-off timing.
Secure alternative to payments made by cash, cheques or bank drafts.
Automated money transfers using IBAN account numbers guaranteeing receipt of funds by the beneficiary.
Lower financial risks achieved by eliminating the need for carrying cash.