Introduction

By payments we mean transferring your money from one place to other in the easiest possible and secure way which carries low fee and at incredibly high speed. There are a various ways in which you can transfer your money such Local Currency Bank Drafts which are available in Saudi Riyal and there is no limit on minimum and maximum amount for which the draft can be taken. These instruments are valid encached. Needless to tell, our fee is very competitive. Foreign Currency Bank Drafts there is no minimum and maximum amount and can be taken in any foreign currency. The validity for these instruments is 6 months and can be extended with prior approval. Here again, our fee and exchange rates are very competitive. Also, Money Transfer (Overseas) where your money can be transferred anywhere in the world and in any currency from any of our branches. The fee varies depending on which part of the world you are and is very competitive. The instrument is payable through our worldwide correspondents. The spot value date for this instrument is two days and there is a special value date too which is less than two days which is available on customer's request. Moreover, the local transfers can be effected through all our branch network and is immediately delivered through any of our NCB branches. Also, SARIE (Local Banks) It is a local Inter-Bank transfer service within the local banks delivered to our customers. It also serves for paying Incoming International payments received from overseas by our correspondents to customers accounts with us and to any beneficiaries in any of the local banks within The Kingdom. This service is delivered through all our branch networks and is encashable at all our branches and at all local banks in The Kingdom. There is no minimum and maximum amount for which this instrument can be taken. Our competitive fee varies based on various value dates like same day or spot or forward until 14 days and is payable in Saudi Riyal. The stop payment is accepted and executed on spot.