Saudi Central Bank Stopped Opening of Bank Accounts Online & Limit Money Transfers
Many bank clients in Saudi Arabia have fallen for financial fraud, especially after the spread of electronic payment methods, as some customers were surprised of withdrawn of money from their bank accounts, making purchases from unknown sites, which leads the Saudi Central Bank (SAMA) to take a new measures in order to protect its customers from such financial fraud activities, will come into effect as of Sunday, April 10.Saudi Central Bank Announces New Measures to prevent Financial Frauds and to Protect Customer bank accountsSuspension of opening new bank accounts for customers through online platforms until further notice.The maximum daily transfer amount for all accounts of individuals and institutions is limited to 60,000 riyals online.Customers can request to raise the m...