Key Benefits Quick Transfers Instantly transfer up to 2,500 using simple identifiers like a mobile number, email, or ID without the need to add or activate beneficiaries. Instant Payments Send up to 20,000 instantly to any bank account within the Kingdom. Identity Matching Confirm the recipient’s name before the transfer is processed, giving you peace of mind. Account Verification Validate beneficiary details such as IBAN before completing a transaction. Secure & Reliable Enjoy secure transfers that are fully protected under the Saudi Central Bank’s oversight. Eligibility Criteria Fees Active SIB Current Account Applicants must be 18 years old and must have an active Current Account with SIB. Personal Identifier Setup Applicants must set up a one-time personal identifier to receive transfers up to 2,500. IPS Services The beneficiary’s bank must be one of the banks registered in IPS services. Personal Data Sharing Applicants must agree to share some personal data with the Saudi Payments Company (SARIE) as part of registration. View full Terms & Conditions ServiceFee ()Same Day Transfer Through the Branch 25 per transferNext Business Day Transfer Through the Branch 15 per transferSame Day Transfer Through SIB Retail Online / SIB Retail App 7 per transferNext Business Day Transfer Through SIB Retail Online / SIB Retail App 5 per transferCancellation or Amendment Request to Local Bank via SWIFT Messages 20Inquiry Request to Local Bank via SWIFT Messages 20Electronic Transfer Through Instant Payment System 0.5 for 500 or less 1 for more than 500Branch Transfer Through Instant Payment System * Charges will be deducted as per customer’s classification.* Transfers will be subject to funds being available in the account. 0.5 for 500 or less 1 for more than 500 Identity MatchingAutomatically confirms the recipient’s name before completing a transfer for added assurance.Instantly verifies the recipient’s registered name against their bank accountPrevents mistaken transfers to unintended beneficiariesAvailable for transfers across all banks participating in SARIE Account VerificationVerifies the beneficiary’s name and bank before proceeding with a transfer.Instantly verifies the recipient’s registered name against their bank accountPrevents mistaken transfers to unintended beneficiariesVerification is done by entering the International Bank Account Number (IBAN). Available only for banks registered under the IPS service. Account Finder ServiceEnables customers to inquire about Active AccountsEnables customers to inquire about Connected AccountsApplies only to banks participating in SARIE services We’re Always Within Reach Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. Customer Care Submit inquiries, raise complaints, and access support anytime. /customer-care Branches & ATMs Easily locate branches and ATMs wherever you are. E-Banking Services Bank smarter and faster with our secure digital platforms. /personal/e-banking-services