RIYADH: The Saudi Central Bank (SAMA) has announced the addition of a check-clearing service to its website. According to a press release, the service aims to complete the clearance of checks clearing within one business day.
The initiative “aligns with the bank’s digital transformation-strategy framework, which seeks to deliver automated services to individuals and entities through a secure and unified digital portal,” the press release stated.
The bank’s e-services portal provides digital alternatives to traditional transaction methods, “enhancing user experience through faster processing, easier access, and advanced data protection measures,” it continued.
The e-services portal offers several additional services, the press release noted, including account inquiries, deposits, and the management of safety deposit boxes belonging to deceased people; the submission of complaints against financial institutions; the submission of personal data rights requests; “joining the bank’s regulatory sandbox; and requesting non-objection clearance for leadership positions.”
