INTERNATIONAL TRANSFER MADE EASY

SNB makes transferring money worldwide easy no matter what the currency using, SWIFT (Society for Worldwide Interbank Financial Telecommunicahon).

​Instant Payment for local transfers

What is Sarie ?

Sarie service is designed to accelerate the interbank financial transactions 24/7 enhancing efficiency and effectiveness of the Kingdom’s financial systems. New features of the IPS include the capability of conducting transfers using mobile number - personal number (National ID No., Resident ID No., or Commercial Registration) or e-mail. The service will provide the relevant bank information of the beneficiary in a safe way to complete the transfer process. 

Features

• Availability 24/ 7/ 365
• IPS Transfer limit of SAR 20,000
• Flexible transfer fees
• Easy to manage local transfer & quick receipt
• Minimize need for cash
• Transfer to family members, friends or business using Transfer identifier to your account as Mobile, Email, ID (the mobile No, ID No. or the email must be connected to the beneficiary's bank account)
• Transfer using IBAN and Beneficiary Name (one time transfer without adding beneficiary, limitations apply)
• Customization of Instant Transfer Limits
• IPS supports list of registered beneficiaries with the digital channels
• The possibility of linking the Mobile, Email and ID with banking accounts
  

With Gulf payment system (AFAQ), your transfer to Bahrain is now faster, and the system is coming soon to all Gulf states

AFAQ payment system offers a common regional platform that connects Real Time Gross Settlement (RTGS) systems of each GCC member state, whereby instant processing of financial transfers between the GCC states are executed by end of day, including gross settlements.

AFAQ Advantages

• Low service fees

• Instant transfers and deposits

• Management and boosting of lliquidity and financial positions

• Using standardized operating systems with best practices

AFAQ subscribers

• Central banks in the GCC member states

• Financial institutions in the GCC member states

• Branches of financial institutions affiliated with Gulf or foreign companies